Citations Affected:
IC 4-12-10.
Synopsis: Indiana economic development partnership fund.
Establishes the Indiana economic development partnership fund.
Provides that the fund shall be used for the establishment and support
of regional technology centers, the expansion of the Purdue Technical
Assistance Program, and the creation of a rural/community economic
development regional outreach program by Purdue University. Sets
forth certain criteria and procedures for the establishment of regional
technology centers. Requires Purdue University to provide certain
assistance to the centers and to local communities. Provides that
Purdue University shall establish a rural/community economic
development regional outreach program to provide specialists to rural
and less populated areas of Indiana to focus on assisting local
leadership, local and regional economic development personnel, and
other providers of service on community and economic development
issues.
Effective: July 1, 2001.
January 11, 2001, read first time and referred to Committee on Public Policy, Ethics and
Veterans Affairs.
A BILL FOR AN ACT to amend the Indiana Code concerning
economic development.
success.
(3) The expansion of the Purdue Technical Assistance
Program in ten (10) geographic regions of Indiana.
(4) The creation of a rural/community economic development
regional outreach program by Purdue University.
(5) The expansion of workforce development for high
technology business development through the centers.
(b) The fund shall be administered by the budget agency. The
fund consists of appropriations from the general assembly and gifts
and grants to the fund.
(c) The treasurer of state shall invest the money in the fund not
currently needed to meet the obligations of the fund in the same
manner as other public funds may be invested.
(d) The money in the fund at the end of a state fiscal year does
not revert to the state general fund but remains in the fund to be
used exclusively for the purposes of this chapter.
Sec. 4. (a) The budget agency, after review by the budget
committee, shall do the following:
(1) Review, prioritize, and approve or disapprove proposals
for centers.
(2) Create detailed application procedures and selection
criteria for center proposals. These criteria may include the
following:
(A) Geographical proximity to and partnership agreement
with an Indiana public or private university.
(B) Proposed local contributions to the center.
(C) Minimum standards and features for the physical
facilities of a center, including telecommunications
infrastructure.
(D) The minimum support services, both technical and
financial, that must be provided by the centers.
(E) Guidelines for selecting entities that may participate in
the center.
(3) Develop performance measures and reporting
requirements for the centers.
(4) Monitor the effectiveness of each center and report its
findings to the governor and the budget committee before
October 1 of each even-numbered year.
(5) Contract with Purdue University for any staff support
necessary for the budget agency to carry out this chapter.
(6) Approve a regional technology center only if the center
agrees to do all of the following:
of the center.
Sec. 6. (a) If a center is approved by the budget agency, the
budget agency shall allocate from available appropriations the
money authorized to:
(1) subsidize construction or rehabilitation of the physical
facilities; and
(2) cover operating costs, not to exceed two hundred fifty
thousand dollars ($250,000) each year, until the center is
self-sustaining or has identified another source of operating
money or the amount appropriated for this purpose is
exhausted.
(b) Operating costs may not be supported by the fund for any
center for more than four (4) years.
Sec. 7. (a) As Indiana's land grant university, Purdue University
has developed the expertise to provide leadership, assistance,
technical support, and personnel training support for developing
centers. This service shall be provided to each center during the
start-up phases for the center, after which the local personnel shall
provide the services to local companies, with minimal continued
technical support from Purdue University.
(b) Purdue University shall do the following:
(1) Assist center personnel in establishing key components and
methodology to identify, prepare, develop, and incubate
technology based companies.
(2) Assist local communities in planning, feasibility studies,
and proposal development before the submission of a proposal
to the budget agency.
than four (4) years.
(3) A single regional technology center may not receive more
than eleven and seven-hundredths percent (11.07%) of the
money to subsidize construction or rehabilitation of physical
facilities.
(4) Not more than eleven and seven-hundredths percent
(11.07%) of the money may be allotted for the expansion of
the Purdue Technology Center at the Purdue Research Park,
which shall serve as the statewide service and support center
for regional technology centers.
(5) Not more than ninety-two hundredths percent (0.92%) of
the money may be used by the budget agency to carry out its
duties under this act, including payments under a contract for
staff services with Purdue University.
(6) Not more than four and seventeen-hundredths percent
(4.17%) of the money may be allotted for the expansion of the
gateway support services program at Purdue Technology
Center to provide training and technical support to newly
created regional technology centers.
(7) Not more than six and sixty-eight hundredths percent
(6.68%) of the money may be allocated to Purdue University
for the expansion of the university's technology assistance
program that provides university based business assistance.
This allocation is for the biennium beginning July 1, 2001, and
ending June 30, 2003, and is in addition to any other
appropriations or allocations.
(8) Purdue University shall enter into partnerships with
higher education institutions in Evansville, Fort Wayne,
Indianapolis, Kokomo, New Albany, Hammond, South Bend,
Terre Haute, and the Muncie/Anderson/Richmond area to
deliver technical assistance services. A data base of faculty
expertise shall be maintained for higher education institutions
for possible assistance in particular geographical areas.
Purdue University shall present a report to the budget
committee before September 1, 2001, with details on the
planned expansion of the technical assistance program. This
report must include the following:
(A) A list of locations for technology assistance offices.
(B) The geographic region served or to be served by each
technology assistance office.
(C) Evidence that all areas of the state will be effectively
served by the expanded program.