Image Credit Indiana Courts / Flickr / public domain The Indiana General Assembly passed a bill to slightly limit foreign adversaries’ ownership of Indiana land Friday, sending House Bill 1183 to Republican Gov. Eric Holcomb’s desk. Holcomb, as chairman of the Indiana Economic Development Corporation (IEDC), has overseen the state’s 11 pending economic deals with China-owned companies that HB1183 seeks to prohibit.
If Holcomb signs the bill, HB 1183 will go into effect July 1, 2024. So what will happen with these 11 pending deals between now and July 1? The IEDC could rush to complete its plans before the July deadline. Local governments and communities would have a better chance to apply oversight and stop these deals in that time with more information about who these Chinese companies are and where they are trying to go. But information has not been forthcoming.
The governor’s office, in lockstep with the IEDC, […]
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