OTHERAPPROVED

City and IEDC MOU on innovation districts affirmed

The City of Lebanon and the Indiana Economic Development Corporation previously entered into a Memorandum of Understanding governing obligations related to existing and future innovation development districts in the city. The MOU, approved in 2024, supports the capture and use of incremental tax revenues for transformative advanced industry investment over an up-to-30-year period.

Document date · July 1, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
OTHER
Contract term
Up to 30 years for the Medicine Foundry Innovation Development District
Renewal
Original MOU approved by Common Council Resolution 2024-26 on December 9, 2024; term tied to existing and future innovation development districts up to 30 years under Indiana Code 36-7-32.5.
Document type
Resolution
Source document
City of Lebanon Resolution Acknowledging the Designation of Certain Territory as an Allocation Area 2026-07-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Lebanon?

Indiana Economic Development Corporation was awarded this government contract by City of Lebanon, as recorded on July 1, 2026.

What type of contract is this?

This is a government contract, documented as a resolution record.

Where was this contract approved?

This contract appears in City of Lebanon Resolution Acknowledging the Designation of Certain Territory as an Allocation Area 2026-07-01 (Resolution), dated July 1, 2026 from City of Lebanon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Indiana Economic Development Corporation hold?

Indiana Economic Development Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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