Senate Bill 521
Introduced Senate Bill (S)
DIGEST
Economic development. Requires the Indiana economic development corporation (corporation) to study and develop recommendations for economic development tools for local communities in distressed areas. Adds the city of Gary as a qualified municipality under the entrepreneur and enterprise district pilot program (program). Provides that the city of Gary may receive a grant of up to $1,000,000 per year under the program. Increases the amount the corporation may allocate from the Indiana twenty-first century research and technology fund to district boards established under the program from $2,000,000 to $3,000,000 per year.
Economic development. Requires the Indiana economic development corporation (corporation) to study and develop recommendations for economic development tools for local communities in distressed areas. Adds the city of Gary as a qualified municipality under the entrepreneur and enterprise district pilot program (program). Provides that the city of Gary may receive a grant of up to $1,000,000 per year under the program. Increases the amount the corporation may allocate from the Indiana twenty-first century research and technology fund to district boards established under the program from $2,000,000 to $3,000,000 per year.
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