Sec. 3. (a) The green industries fund is established. The fund shall be administered by the corporation in consultation with the Indiana office of energy development established by IC 4-3-23-3.

     (b) The fund may be used to provide grants and loans to Indiana manufacturing companies for the following purposes:

Terms Used In Indiana Code 5-28-34-3

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • fund: means the green industries fund established by section 3 of this chapter. See Indiana Code 5-28-34-1
(1) To strengthen Indiana’s economy by focusing investment in advanced manufacturing clusters focused on more energy efficient and environmentally sustainable technologies, processes, and products.

(2) To accelerate job creation through training and education initiatives to enhance the skills and employment prospects of Indiana’s workforce in green industries.

(3) To facilitate the redevelopment of Indiana manufacturing sites, facilities, and processes to operate in a more energy efficient and environmentally sustainable manner.

(4) To stimulate the development of technologies, processes and products that reduce energy consumption or lower emissions in the market of their intended use.

(5) To encourage public-private partnerships focused on development of green industries among Indiana manufacturing companies, public or private educational institutions, nonprofit organizations and charitable foundations, research and development organizations, and state agencies.

As added by P.L.182-2009(ss), SEC.81. Amended by P.L.34-2013, SEC.11.

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