A recent state audit took a closer look at the Indiana Economic Development Corporation and its network of affiliates during Eric Holcomb’s time as governor-and what it found was a mix of public service and private interests that weren’t always kept separate. Auditors flagged more than 30 instances where IEDC officials or board members had potential financial conflicts with outside organizations that received taxpayer funding. Yet, only one of those cases was formally reported to the State Ethics Commission. One former executive, unnamed in the report, was tied to a $17.5 million contract. After leaving the IEDC, he joined a vendor that had benefited from state grants – without filing the required post-employment waivers. According to the audit, 82% of his salary at the new job came di

See Full Page