INDIANAPOLIS – on Oct. 8, the results of a comprehensive, independent forensic audit of Elevate Ventures, commissioned as part of a broader review of the Indiana Economic Development Corporation (IEDC), were released. The audit, conducted by FTI Consulting, found no evidence of illegal activity by Elevate Ventures, affirming their role as a high-performing partner in Indiana’s innovation economy.

“When questions are raised about how taxpayer dollars are being used, we take that seriously. That’s why we ordered a full forensic audit—no shortcuts, no politics,” said Governor Braun. “The results are clear and this matter is resolved. We are now forward-focused on investing in, building, and growing Indiana companies together.”

The audit made several suggestions for improvement, which Elevat

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