Indiana Economic Development Corporation

Indiana Economic Development Corporation, a state government entity headquartered in Indianapolis, Indiana, operates as a federal grant recipient delivering small business development, procurement technical assistance, export promotion, and cybersecurity capability-building services to U.S. entrepreneurs and firms across Indiana. The organization holds no federal contracts but has received 46 federal grants and cooperative agreements totaling $112.1 million in combined obligations since 2005, with 98% awarded to IEDC as prime recipient.

IEDC's capability footprint centers on four concrete service lines grounded in its recent award history. The organization operates APEX Accelerators (Procurement Technical Assistance centers) under cooperative agreements from the Office of the Secretary of Defense (CFDA 12.002), with successive one-year awards in 2023, 2024, 2025, and 2026—the most recent for $863,534.62 (September 1, 2026, through August 31, 2027)—providing free procurement counseling, training, and technical assistance to Indiana businesses seeking federal, state, and local government contracting. IEDC administers the Indiana Small Business Development Centers (SBDC) network under SBA Office of Entrepreneurial Development cooperative agreements (CFDA 59.037), including a $5.488 million award through 2023 encompassing 11 regional SBDCs with subawards to Butler University, Ball State University, Purdue University, Indiana State University, and other higher education partners. The organization delivers export promotion services through repeated State Trade Expansion Program (STEP) grants from the SBA Office of International Trade (CFDA 59.061)—awards in 2022, 2023, and 2024 for $300,000 to $550,000 each—leveraging partnerships with Purdue University, Indiana State University, and Ball State University to organize trade missions, trade shows, and export-focused training for small Indiana exporters. IEDC also administers a $1 million cybersecurity initiative under the SBA Office of Entrepreneurial Development's Cybersecurity for Small Business Pilot Program (CFDA 59.079, August 31, 2023, through August 30, 2025) creating champion networks and providing CMMC Level 1 and 2 implementation assistance, and operates an MBDA Business Center providing technical assistance to minority-owned enterprises under a Department of Commerce cooperative agreement (September 1, 2022, through April 17, 2025). Recent awards also include an Inflation Reduction Act Indiana Auto Manufacturing Evolution Program grant from the Department of Energy (January 1, 2025, through December 31, 2029) supporting small and medium automotive facilities in transitioning from internal combustion engine to electric vehicle component manufacturing, and a Federal and State Technology Partnership Program (FAST) cooperative agreement from the SBA Office of Investments and Innovations (CFDA 59.058).

Customer concentration is concentrated among SBA programs and offices. The Small Business Administration Office of Entrepreneurial Development leads with 14 awards, followed by the SBA broadly (7 awards), the Defense Logistics Agency Headquarters (7 awards), the SBA Office of International Trade (4 awards), and the Office of the Secretary of Defense (4 awards), accounting for 78% of all awards. Award volume has declined from six awards in 2022 to one in 2026; two awards reach ultimate completion within the next twenty-four months, creating limited near-term recompete exposure. IEDC's single sub-award relationship appears as a sub-recipient to Purdue University on a regional development research grant (November 23, 2024) focused on data analytics and regional innovation.