Overview

• The audit documents unreported conflicts of interest and flags excessive VIP travel tied to Indiana’s economic development agency.
• Reviewers say the IEDC distributed more than $1.4 billion from 2022–2024, including nearly $500 million for the LEAP project and almost $300 million for READI.
• Thirty recipient entities had potential ties to IEDC board members or employees, with only one case formally reported to the State Ethics Commission, according to Democratic lawmakers.
• Gov. Mike Braun and the IEDC board released the report and commit to stronger oversight, stating there were no criminal findings.
• Commerce Secretary and IEDC board chair David Adams says the agency will implement added transparency, updated travel and donation policies, and tighter conflict-of-interest controls.