Indiana § 5-28-11.5-5 Indiana economic development corporation authorized to make grants
to local economic development organizations

Indiana Statutes

§ 5-28-11.5-5 — Indiana economic development corporation authorized to make grants to local economic development organizations

Indiana § 5-28-11.5-5

Title 5STATE AND LOCAL ADMINISTRATION

Art. 28INDIANA ECONOMIC DEVELOPMENT

Ch. 11.5New Business Recruitment Grants for Local

This text of Indiana § 5-28-11.5-5 (Indiana economic development corporation authorized to make grants to local economic development organizations) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-28-11.5-5 (2026).

Text

(a)The purpose of the program is to assist the local economic development organizations that serve economically disadvantaged areas in the recruitment of new businesses.

(b)The corporation must find that an applicant for a grant under this chapter serves an economically disadvantaged area before approving the grant application.

(c)The corporation may provide a grant under the program to an organization to assist the organization in recruiting new business enterprises to the county or counties served by the organization. The grant may not be used by the organization to pay expenses for which the organization has received a grant under IC 5-28-11 (before its repeal).

(d)A grant under this chapter may not be used by the organization to provide direct financial assistance to a business or

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(a) The purpose of the program is to assist the
local economic development organizations that serve economically
disadvantaged areas in the recruitment of new businesses.
(b) The corporation must find that an applicant for a grant under this
chapter serves an economically disadvantaged area before approving
the grant application.
(c) The corporation may provide a grant under the program to an
organization to assist the organization in recruiting new business
enterprises to the county or counties served by the organization. The
grant may not be used by the organization to pay expenses for which
the organization has received a grant under IC 5-28-11 (before its
repeal).
(d) A grant under this chapter may not be used by the organization
to provide direct financial assistance to a business or specific
development project.