Indiana Gov. Mike Pence on Thursday is scheduled to announce a plan to spend $1 billion over the next 10 years to boost innovation and entrepreneurship in the state.
The plan centers on collaboration between government, research universities, communities and the private sector.
Pence was set to publicly unveil the multi-pronged proposal at the eighth annual Innovation Showcase in Indianapolis.
The Indiana Economic Development Corp. has been directed to coordinate and oversee the strategy. The governor made an executive order that transfers the Office of Small Business and Entrepreneurship and its programs—including the Indiana Small Business Development Center, Procurement Technical Assistance Center and Small Business Ombudsman—from the Office of the Lt. Governor into the IEDC.
