IEDC meaning in Business ?

Answer:

What is Indiana Economic Development Corporation mean?

The Indiana Economic Development Corporation is a body corporate and politic (i.e., a public-private company) in Indiana that focuses on encouraging business to set up shop or expand their existing operations within the state with tax benefits, grants, and other incentives authorized by the state.

When Mitch Daniels was elected Governor of Indiana, he stated his number one priority was job creation. To achieve that goal, he created the quasi-public Indiana Economic Development Corporation (IEDC), became chairman of its board, and ordered it to “act at the speed of business, not the speed of government” to attract new jobs.

In March 2010, WTHR Indianapolis News reported that up to 40% of the jobs the corporation reported to have helped create never came to fruition, and questioned the job numbers produced by the IEDC. The news story cited changes in companies' plans as the primary reason for the failures and criticized IEDC's annual report for prematurely claiming credit for the job creation. The IEDC revised the numbers in response to the report and found that 13% of the job commitments they had received had not come to fruition.

Starting October 2013, the Indiana Pacers of the National Basketball Association started to use on-court advertising for the company during Pacers home games.

reference

Full Form	Category
Indiana Economic Development Corporation	Business
Itasca Economic Development Corporation	Business
International Economic Development Council	Community
International Executive Development Center	Community
Integrated Education for Disabled Children	Community
Institutional Equity and Diversity Committee	Community
Innovation and Entrepreneurship Development Cell	Community
Inland Empire Deliverance Center	General
Inland Empire Disabilities Collaborative	Medical
Indo European Documentation Center	Regional