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IEDC_0003_4 - About Leadership Contact
About the IEDC

The Indiana Economic Development Corporation (IEDC) is the State of Indiana's lead economic development agency. The IEDC was officially established in February 2005 to replace the former Department of Commerce. In order to respond quickly to the needs of businesses, the IEDC operates like a business.

Led by Indiana Secretary of Commerce Victor Smith and IEDC President Jim Schellinger, the IEDC is organized as a public private partnership governed by a board of directors. The IEDC Board of Directors is chaired by Governor Michael Pence and reflects the geographic and economic diversity of Indiana. The IEDC focuses its efforts on growing and retaining businesses in Indiana and attracting new business to the state.

The Indiana Economic Development Corporation is committed to attracting and supporting new business investment, creating new jobs for Hoosiers, and furthering our legacy as one of the top states in the nation for business.

  • We will aggressively pursue every opportunity that represents a promise for Hoosier jobs, and will compete locally and at a state level to win these opportunities.
  • We will attempt to match the interests of new clients and the local community, creating business plans that work for all parties concerned
  • We will continue to seek opportunities to attract new business and grow our local companies at home, and continue to improve the economy for the state of Indiana

Our work is far from done and every day, for Hoosiers across the state, we must and will deliver the message, the resources and the support to bring more new business to Indiana.

IEDC Board Chairman

Governor Eric Holcomb

Eric Holcomb is the 51st Governor of Indiana. A life-long Hoosier, Eric is a veteran of the United States Navy, served as the state’s 51st Lt. Governor, and was a trusted advisor to Governor Mitch Daniels and Senator Dan Coats.

Jim Schellinger

Secretary of Commerce

Jim Schellinger

Jim Schellinger is the Secretary of Commerce for the state of Indiana, serving as a member of Governor Eric Holcomb’s cabinet and leading the state’s domestic and international economic development agenda.

Elaine_Bedel photo

IEDC President

Elaine Bedel

Elain Bedel, Indianapolis, was appointed by Governor Eric Holcomb in 2017 to serve as president of the Indiana Economic Development Corporation, the state’s lead economic development agency.

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IEDC Board Members

The IEDC is organized as a public private partnership governed by a board of directors. The IEDC Board of Directors is chaired by Governor Michael Pence and reflects the geographic and economic diversity of Indiana.  The IEDC focuses its efforts on growing and...


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