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flag A forensic audit revealed misconduct and overspending at Indiana’s economic development agency, prompting funding freeze and reforms.

flag A forensic audit of Indiana’s Economic Development Corp. found undisclosed conflicts of interest, excessive travel spending—including $13.4 million in reimbursed costs and $86,000 on international race tickets—and a $200,000 airfare cost for a COP27 trip budgeted at $90,000. flag The report raised concerns about favoritism, weak oversight of state-funded innovation initiatives like Elevate Ventures, and inconsistent bidding practices for major projects. flag Governor Mike Braun froze Elevate Ventures’ funding for review, while the IEDC acknowledged the findings and is implementing new accountability measures.

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