Indiana Code Title 5. State and Local Administration § 5-28-1-1

(1) diversification of Indiana's economy and the orderly economic development and growth of Indiana;

(2) creation of new jobs;

(3) retention of existing jobs;

(4) growth and modernization of existing industry;  and

(5) promotion of Indiana.

(1) Certain activities associated with the functions listed in subsection (a) may not work properly with the traditional responsibilities and activities of state agencies.

(2) The functions listed in subsection (a) can be achieved most efficiently by a body politic and corporate that:

(3) The corporation established by this article will:

(4) In return for the corporation's economic development efforts to carry out the functions listed in subsection (a), the general assembly should appropriate state funds to the corporation.