About IEDC

The Indiana Economic Development Corporation (IEDC) is the State of Indiana's lead economic development agency. The IEDC was officially established in February 2005 to replace the former Department of Commerce. In order to respond quickly to the needs of businesses, the IEDC operates like a business. Led by Indiana Secretary of Commerce and IEDC Chief Executive Officer Nathan J. Feltman , the IEDC is organized as a public private partnership governed by a twelve-member board. The IEDC Board of Directors is chaired by Governor Mitch Daniels and reflects the geographic and economic diversity of Indiana. The IEDC focuses its efforts on growing and retaining businesses in Indiana and attracting new business to the State of Indiana.

The IEDC is focused exclusively on economic development and has incorporated all state entities with economic development responsibilities into its organizational structure. With its new structure and improved tool-kit resulting from a successful legislative effort undertaken by the Governor and the Indiana General Assembly, the IEDC is equipped and ready to make Indiana competitive in the 21st Century economy.

Nathan J. Feltman
Secretary of Commerce

Nathan Feltman is the Secretary of Commerce for the state of Indiana and Chief Executive Officer of the Indiana Economic Development Corporation (IEDC).  For the past two years he was the Executive Vice President and General Counsel of the IEDC.

Prior to joining the IEDC, Feltman was a partner at the law firm Ice Miller where he concentrated his practice on mergers and acquisitions, and cross-border transactions, including the representation of private equity funds and venture capital firms. 

Nate’s prior experience also includes living and working in Moscow, Russia from 1995 to1998 where he represented multi-national companies entering the Russian market during an incredibly interesting period in Russia’s transition to a market economy.

Before returning to Indiana in 2003, he practiced law in Chicago for five years, representing private equity and venture capital funds and counseling U.S. companies, foreign investors, and multi-national companies in their overseas activities. 

Feltman is a native of Mishawaka, Ind. and earned undergraduate degrees in business (BS) and political science (BA) from Indiana University-Bloomington (1992), and a law degree from Indiana University School of Law-Indianapolis (1994).  He also completed a master’s degree in Russian Law (LL.M.) at the Institute of State and Law, Russian Academy of Sciences in Moscow, Russia.    Feltman has also served as an adjunct professor at Indiana University School of Law-Indianapolis. 

IEDC Board of Directors

Sally Rushmore Byrn, West Lafayette, is president and chief executive officer of SSCI, Inc., a company which provides GMP research and analytical services to pharmaceutical and other industries in the characterization and chemistry of solid materials. She serves on the Lafayette West Lafayette Economic Development Corporation Board and the BioCrossroads Entrepreneurial Advisory Board, among other business and community affiliations. Her company's rapid growth has been recognized by Indiana University, which named SSCI as a Growth 100 Award recipient in 1998 through 2003.

Mark Holden, Jeffersonville, is president and chief executive officer of American Commercial Lines Inc., one of the largest marine transportation companies in the U.S., headquartered in Jeffersonville, Indiana. He also serves on the board of directors of the Indiana Chamber of Commerce. Prior to joining American Commercial Lines Inc., he served as senior vice president and chief financial officer of Wabash National Corporation. Holden received his undergraduate degree in accounting and finance from Ball State University.

Robert L. Koch II, Evansville, is president and chief executive officer of Koch Enterprises, Inc., world leaders in the production of aluminum and magnesium die castings, sealants and adhesives, the design and construction of industrial paint finishing systems and other products and services. He is a member of the board and past chair of the University of Evansville Board of Trustees, the Indiana Chamber of Commerce and the Indiana Business-Higher Education Forum. Among his civic involvement, he was chairman of the 1998 United Way Campaign of Southwestern Indiana and co-founder and director of the Community Alliance Foundation and the Vanderburgh Community Foundation for Southwestern Indiana.

Cathy Langham, Indianapolis, is president and owner of Langham, a global freight management company which provides transportation, warehousing and distribution services. This family-owned company has grown more than 35 percent in each of the past three years and has created a global network of 800 agents and carriers that provide excellent service. Langham is on the board of directors of Marsh Supermarkets, Inc., Union Planters Bank, the Indiana Chamber of Commerce and Greater Indianapolis Chamber of Commerce. She also is the board president of the National Association of Women Business Owners.

James C. Marcuccilli, Fort Wayne, is president and CEO of STAR Financial Bank, director of STAR Insurance Agency, Inc., executive vice president and director of STAR Financial Group, Inc., and officer and director of STAR Wealth Management. He is the Indiana representative on the American Bankers Association, board member of the Indiana State Chamber of Commerce and chair of the federal issues committee of the Fort Wayne Chamber of Commerce.

William G. Mays, Indianapolis, is president of Mays Chemical Company, Inc., a fully integrated chemical distributor which serves a variety of customers, including the food, pharmaceutical, beverage and automotive industries. His one-person company now has more than 180 employees and more than $180 million in sales. He also is the owner of the Indianapolis Recorder, the nation’s fourth oldest surviving black newspaper. Among board memberships, Mays serves on the Indianapolis Convention and Visitors Association, the Indiana University Foundation and the United Way of Central Indiana.

Dane A. Miller, Warsaw, is founder, president, chief executive officer and director of Biomet, Inc., a leading designer and manufacturer of total joint replacement products. The company has grown from sales of $17,000 in 1978 to an international business with sales exceeding $500 million. Miller is a member of the board of directors at First Source Bank, South Bend, and Catheter Research, Inc., Indianapolis, as well as chair of the industry council for the American Institute for Medical and Biological Engineering.

John M. Mutz, Indianapolis, chairman of the board of the Lumina Foundation for Education, retired in 1999 as president of PSI Energy, Indiana's largest electric utility. He served two terms as lieutenant governor and was a member of the Indiana General Assembly for 13 years. Mutz also served for more than four years as president of the Lilly Endowment, Inc. During that time, the Endowment expanded its work outside of the Indianapolis area by using matching grants to encourage the creation of more than 45 local community foundations.

T.M. (Tim) Solso, Columbus, is chairman and chief executive officer of Cummins, Inc., which designs, manufactures, distributes and services engines and other technologies. He joined Cummins in 1971 and has served in a number of capacities with the company. Solso is a member of the DePauw University Board of Trustees as well as a board member of Ashland Inc., Irwin Financial Corporation, Cummins Foundation, Heritage Fund of Bartholomew County, Central Indiana Corporate Partnership and Ball Corporation.

Kip Tom, Leesburg, is the chief executive officer, and President of Tom Farms, a family business that is a leader in agricultural crop production providing genetic, technologies and services globally to the agriculture industry. The company has production operations in the United States and Argentina. Tom is a member and past chair of the Texas Executive Agriculture Producers Association and a member and past chair of the AAPEX Association of Global Farm Executives. He also has served on the Governor's Commission on Groundwater. Kip also serves as a member of the Indiana State Department of Agriculture Advisory Committee.

Bruce White, Merrillville and Edwards, Colo., is chairman and chief executive officer of White Lodging Services Corporation, a hotel ownership, development and operating company headquartered in Merrillville. He has developed hotels in excess of $500 million. White is charter president of Marriott's Courtyard and Fairfield Inn Franchise Advisory Council, a member of the Residence Inn Association and chairman of the System Marketing Fund. He also has been a trustee of the University of Chicago Hospitals.