Indianapolis, IN – The Indiana Technology & Innovation Association (ITIA), the statewide association of Indiana’s technology-driven companies and partners, today announced its 2021 policy agenda during a virtual meeting with tech industry leaders and state legislators co-hosted by TechPoint.
Technology is Indiana’s fastest growing sector, with more than 184,000 net tech jobs this year creating a $15.6B impact on our economy. Unfortunately, the COVID-19 pandemic has had a detrimental effect on innovation and entrepreneurship that fuels tech job growth. According to new Kauffman Foundation research, the pandemic caused a sharp decline (37%) in new business creation in the first weeks of the pandemic, yielding a larger impact on entrepreneurship than the Great Recession.
Key to ITIA’s policy priorities this year will be shoring up support for state programs and efforts that facilitate entrepreneurs, drive new business creation, help grow tech and innovation jobs and attract tech talent to fuel our state’s economic recovery.
“Ensuring Indiana’s entrepreneurs and startups have access to capital, talent and resources to grow companies and create jobs is more urgent now than ever before as our state and local economies work to rebound from the COVID-19 pandemic,” said David Becker, President and CEO of First Internet Bank and ITIA Board Chair. “Now is the time to double down on Indiana’s support for entrepreneurs, innovators, startups and small businesses as an engine to fuel our recovery, and ensure that Indiana is best positioned to welcome the tech jobs and workers of the future.”
ITIA’s policy priorities include efforts to expand access to capital for Indiana technology companies, grow the tech talent pipeline, enhance quality of life and place in Indiana, and improve diversity, inclusion and equity.
ITIA formed a new Equity Committee this year to help identify and close equity gaps impacting underrepresented populations in the tech industry and beyond.
“Absolutely critical to creating a thriving tech community are efforts to improve diversity, inclusion and equity in our state,” said Ade Olonoh, founder of Formstack and investor at Starting Line and Chair of ITIA’s new Equity Committee. “ITIA launched a new Equity Committee this year to do our part as an industry to combat inequities, and ensure Indiana’s growing tech and innovation community is vibrant, diverse and representative.”
Below are highlights from ITIA’s policy agenda:
Expand Access to Capital