House Bill (HB) 1035 requires the Indiana Economic Development Corporation to conduct an assessment of Indiana's regional metropolitan areas.
“Indiana is a diverse state, and we have many different economic drivers making up our regional economies,” said Rep. Braun. “To put forth a successful overall state economic development plan, we need to study and better understand the needs of the individual economic regions throughout the state.”
This assessment would analyze the economic potential of each of Indiana’s regional cities, provide a report on the needs of each regional city and also provide recommendations on initiatives and improvements that will lead to regional economic growth.
“My goal in authoring this legislation is to make our regional cities more attractive for business because these cities are the hub of economic development,” said Rep. Braun. “Over the next 30 years, ninety percent of population growth is expected to occur in these areas; therefore, it is imperative that we have an economic plan that is centered on each of these cities’ diverse strengths and needs.”
HB 1035 passed the Senate without any amendments.