Indiana In The News Archives - The Central Indiana Corporate Partnership

IIB: Grads: Stay Open to Possibilities; Stay in Indiana for Opportunities

Raquel Bahamonde2023-07-11T16:02:41-04:00July 11, 2023|

Graduations of all shapes and sizes – kindergarten, middle school, high school, certificate programs, and universities have just happened, leading students to their next chapter in life. Regardless of your age, I wonder if you knew exactly what you wanted to do when you graduated from high school or even what you want to do right now. Or, if you have the exact job tied to exactly what you studied. Too many people think that once they earn their degree, they need to know precisely what job they will be in now, in the near future and even down the road. But for most people, so much can change and keeping an open mind and thinking broadly about what the future holds can make all the difference in the world. CICP CEO Melina Kennedy offers more in this Inside INdiana Business Perspectives piece. [READ [...]

Purdue University and Indiana University Officially Split IUPUI

Raquel Bahamonde2023-07-13T08:08:43-04:00June 14, 2023|

(Photo courtesy: Purdue University) On June 14, 2023, Purdue University trustees and Indiana University trustees simultaneously approved the agreements that will effectively dissolve Indiana University-Purdue University Indianapolis (IUPUI) on June 30, 2024. At the same time, Purdue University established Purdue University in Indianapolis, that will consist of multiple locations around the city providing degrees from Purdue University West Lafayette. The urban campus will assume responsibility for the existing engineering, computer science and technology programs at IUPUI. Purdue also plans to grow several other colleges and departments in Indianapolis including the Daniels School of Business, Pharmacy, Health and Human Sciences, Science and Agriculture. [READ MORE] Indiana University (IU) established Indiana University Indianapolis. Following the joint announcement, IU announced that it plans to double enrollment in key tech-focused academic programs; invest in expanded research and laboratory space; and expand the [...]

Chalkbeat: Reported Graduation Rates for Indiana Schools Could Dip After Change in State Law

Raquel Bahamonde2023-07-28T15:16:40-04:00June 6, 2023|

A recent article in Chalkbeat by Amelia Pak-Harvey outlines how schools across Indiana could see a dip in their reported graduation rates after a change to state law requiring districts to limit the portion of students who graduate with waivers from the calculation. The changes could have a large effect on publicized graduation rates, which are often used as a measure of success for school leaders and can be a key metric parents use to determine the quality of their child’s education. “My hope is that greater transparency into the number of students who are graduating from high school with a high school diploma will lead to productive dialogue between parents, school principals, school superintendents, policymakers and others to improve not only our high school school graduation rate, but the number of students that are entering into postsecondary education,” said [...]

IBJ: Jason Kloth: Three Steps to Improve Indiana’s Education System

Raquel Bahamonde2023-04-03T08:38:53-04:00April 3, 2023|

Jason Kloth, president and CEO, Ascend Indiana In a recent Indianapolis Business Journal (IBJ) Op-ed, Ascend Indiana President and CEO Jason Kloth talks about a rapidly changing labor market that is requiring talent to be more educated. A recent Ascend Indiana and EmployIndy study reports highly skilled, highly educated workers are the most in demand across Indiana. Yet statistics paint a negative trend, with fewer high school graduates pursuing the education needed to fill those roles. The good news is state legislators have introduced practical steps to address that gap by making adjustments to the 21st Century Scholars program, graduation waivers and ways of obtaining financial aid. If enacted, these steps will create greater economic opportunity for low-income Hoosiers while growing Indiana’s economy and tax base. [READ MORE] (Sources: IBJ, Ascend Indiana)

IIB: 16 Tech CEO: Bridge Project has Great Meaning

Raquel Bahamonde2023-04-03T08:15:23-04:00April 3, 2023|

Inside INdiana Business Host Gerry Dick and Reporter Mary-Rachel Redman go in-depth with 16 Tech President and CEO Emily Krueger and other dignitaries, including Mayor Joe Hogsett, at the groundbreaking of the 16 Tech community bridge. The structure itself is billed as the first-of-its-kind in the United States, a bridge that will have more room for people than cars and serve as a new signature piece to showcase the downtown Indianapolis skyline. Krueger said connecting the district to the new IU Indianapolis and Purdue Indianapolis campuses will also be critical to the state’s talent attraction efforts. [WATCH] Bridge Groundbreaking: March 28, 2023 Completion: Summer 2024 Cost: $20 million

IBJ: Life Sciences Industry Booster BioCrossroads Girds for New Challenges

Raquel Bahamonde2023-03-31T09:19:03-04:00March 27, 2023|

A recent Indianapolis Business Journal (IBJ) article takes a look back at 20 years of success for BioCrossroads, the life sciences initiative of the Central Indiana Corporate Partnership (CICP). In two decades, BioCrossroads has assisted more than 500 startup companies, raised more than $600 million of market capital and helped attract thousands of jobs. In 2022, data shows that Indiana leads the United States in pharmaceutical sales and is one of three top states for exports of all life sciences products - pharmaceuticals, medical devices, and agbiosciences, while providing an $80 billion economic impact. In 2023, BioCrossroads announced that President and CEO Patty Martin would step down to pursue other ventures. “I think it’s just a logical time right now to take a couple of months and really take a good hard, informed look at where we are overall,” said [...]

IIB: Study: Growth in Indiana Agbioscience Sector Exceeding Goals

Raquel Bahamonde2023-03-16T07:51:32-04:00March 16, 2023|

In a recent Inside INdiana Business interview, AgriNovus Indiana President and CEO Mitch Frazier outlined the results of a new study that shows Indiana's agbioscience economy grew $6 billion from 2018-2021, bringing its direct annual impact to $58 billion. Frazier said the growth is "extraordinary, historic, by definition." Frazier said the sector saw growth despite strong headwinds, stemming from the COVID-19 pandemic and global supply chain issues. [READ MORE AND LISTEN] Access the full AgriNovus Indiana report: Innovative Agbioscience in Indiana: 2022 Assessment (Sources: Inside INdiana Business, AgriNovus Indiana)

WISH-TV BEO: Ascend Indiana Revolutionizing Workforce Development in Indiana

Raquel Bahamonde2023-03-08T14:26:18-05:00March 8, 2023|

In a recent interview on WISH-TV's Business, Equity & Opportunities show, Ascend Indiana VP of Consulting and Co-Founder Stephanie Bothun talks about how the organization is helping to bridge the gap between employers and educational institutions to transform the way early-in-career talent find good and promising jobs, internships and apprenticeships in Indiana. Ascend is also a partner with EmployIndy on the Modern Apprenticeship program. It's a three-year work-based learning experience with local employers, where students emerge with a high school diploma, college credits, relevant credentials and professional experience. [WATCH] (Sources: WISH-TV, Ascend Indiana)

IIB: State of Tech in Indiana, TechPoint CEO Ting Gootee

Raquel Bahamonde2023-02-20T11:08:05-05:00February 20, 2023|

In a recent Inside INdiana Business interview with Gerry Dick, TechPoint President and CEO Ting Gootee and Elevate Ventures CEO Christopher Day, talked about the state of the Indiana tech sector. Gootee says despite major layoffs by tech companies such as Microsoft and Amazon, the outlook for the Indiana tech sector is much better. Day says the national situation creates an opportunity for Indiana. In the 2022 Indiana Tech Venture Report, TechPoint reported that more than 130 tech companies reported $441 million in capital investment in 2022. [WATCH] (Sources: Inside INdiana Business, TechPoint)

IBJ: Indiana Life Sciences Companies Raise Record $620M in 2022

Raquel Bahamonde2023-01-24T09:15:14-05:00January 24, 2023|

A recent article in the Indianapolis Business Journal by reporter John Russell, shows that Indiana’s healthcare and life sciences sector, often hailed as a key driver of the state’s economy, landed a record $619.8 million in venture funding last year, a hefty increase over the previous record, set a year earlier. Data provided by CICP's life sciences initiative BioCrossroads also shows that the amount of funding raised is 43% larger than the previous record of $433 million, set in 2021. According to the story, thirty-seven companies signed 40 deals last year for venture funding, for an average deal amount of $15.5 million. That is an improvement from the year before, when 39 companies signed deals worth an average amount of $11.1 million. [READ MORE] (Sources: Indianapolis Business Journal, BioCrossroads)

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