State freezes funding for economic development affiliate, promises audit

Governor Braun Orders Independent Audit of IEDC

Source: Anna Moneymaker / Getty Governor Mike Braun has ordered an independent forensic audit of the Indiana Economic Development Corporation and its affiliated entities in the name of transparency for taxpayers. Braun made the announcement to the press on Thursday. The governor and his commerce Secretary David Adams gave brief statements. “We have hired or are in the process of hiring a firm to conduct a thorough, independent forensic audit of …

State freezes funding for economic development affiliate, promises audit

By: Whitney Downard Indiana Capital Chronicle For The Republic INDIANAPOLIS — Following an explosive news report regarding a state economic development affiliate earlier this week, Gov. Mike Braun announced Thursday that funding for Elevate Ventures has been frozen and state government will conduct a forensic audit of the Indiana Economic Development Corp. “What we’re talking about today originated in the prior administration (and) was brought t…

State Economic Development Agency Under Scrutiny – WRBI Radio

(Statehouse) – A state agency whose mission is to help businesses get started and to bring business to the state, is now under scrutiny for possible financial improprieties, as announced at a Thursday press conference by Gov. Mike Braun and Indiana Sec. of Commerce David Adams. Braun said he has commissioned an independent audit of the Indiana Economic Development Corp., and all of its affiliated entities. “Where we have found impropriety or even

Migration, human capital accumulation and economic development

We study how the possibility of migration changes the composition of human capital in sending countries, and how this affects development. In our mode…