Indiana leaders walk back IEDC foundation ‘wind-down’ as spending nears $500,000

By: Leslie Bonilla Muñiz

Outlets: Indiana Capital Chronicle

Published: March 19, 2026

Words: 708

Last Updated: 2 days, 2 hours ago

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The Indiana Economic Development Corp.’s foundation is showing no signs of shutting down — spending almost $500,000 last year despite indications from leaders that the entity was on its way out.

“As we see if we’ll need it as a tool, it’s going to be fully transparent,” Gov. Mike Braun told reporters Wednesday, after leading a meeting of the IEDC’s board of directors.

“(That) doesn’t mean that we’ll necessarily get rid of all of it. …

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