Plain English Breakdown
The official source material does not provide specific details about the duties of the commissions and their administrative entities beyond establishing a strategic comprehensive economic development plan for the region.
Creating Economic Development Regions in Indiana
This bill requires the creation of regional economic development commissions throughout Indiana, each with its own administrative entity to develop and carry out plans for economic growth.
What This Bill Does
- Requires the IEDC to designate 15 economic development regions across Indiana.
- Establishes a commission in each region to work on economic development.
- Sets up rules for who can be part of these commissions.
- Needs each commission to establish or designate an entity that will make and follow a plan for growing the economy.
Who It Names or Affects
- The Indiana Economic Development Corporation (IEDC)
- Residents of Indiana in all economic development regions
- Businesses operating within these regions
Terms To Know
- Indiana Economic Development Corporation (IEDC)
- A state agency that helps businesses grow and create jobs.
- Regional Economic Development Commission
- A group set up in each of the 15 regions to help with economic growth.
Limits and Unknowns
- The bill does not specify how much money will be given to these commissions.
- It is unclear what specific duties or powers the primary administrative entities will have beyond making and following a plan.
- There are no details on how the regions will be chosen.