A recent 127-page audit of the Indiana Economic Development Corporation (IEDC) uncovered unreported conflicts of interest and excessive spending on VIP travel, calling for stronger oversight across the agency.

From 2022 through 2024, the IEDC distributed over $1.4 billion: nearly $500 million went to the LEAP Project, almost $300 million to the READI program, and around $400 million to other third-party groups. The audit also flagged 30 organizations where IEDC board members or employees may have had potential conflicts of interest.

Indiana Gov. Mike Braun, who helped release the audit, emphasized the need for accountability. “(The audit) confirmed a need for increased transparency and accountability for how taxpayer money is spent. My focus is on solutions, and we’re fixing these issues

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