Holcomb’s final State of State speech focuses on accomplishments

Indiana Gov. Eric Holcomb, center, is joined by Speaker of the House Todd Huston, left, and Lt. Gov. Suzanne Crouch as he is introduced before delivering his State of the State address to a joint session of the legislature at the Statehouse, Tuesday, Jan. 9, 2024, in Indianapolis. (AP Photo/Darron Cummings)

Indiana Gov. Eric Holcomb, center, is joined by Speaker of the House Todd Huston, left, and Lt. Gov. Suzanne Crouch as he is introduced before delivering his State of the State address to a joint session of the legislature at the Statehouse, Tuesday, Jan. 9, 2024, in Indianapolis. (AP Photo/Darron Cummings)

Jan 10, 2024

Gov. Eric Holcomb touted what he sees as his accomplishments over his seven years in office as he also promised in his final State of the State address Tuesday night to “run up the score” during the last 12 months of his term.

In Holcomb’s televised speech before members of the General Assembly, the governor announced a $250 million contribution by the Lilly Endowment to bolster the state’s new round of regional economic development grants being awarded this year.

The announcement synched with the bulk of Holcomb’s half-hour speech that served as a valedictory of his two terms in office.

Democrats faulted Holcomb for not offering more steps in areas such as boosting wages around the state and failing to credit the Biden administration for federal funding toward many of the initiatives for which the governor took credit.

Here are highlights from the Republican governor’s half-hour speech. You can read a transcript of the speech here.

Regional grants program boost

Legislators last year approved $500 million in state funding toward the regional economic development grant program that was a major Holcomb initiative. 

The READI 2.0 program — for Regional Economic Acceleration and Development Initiative — is a follow up to the first round of $500 million that was awarded in December 2021.

Holcomb said the additional $250 million from Lilly Endowment is the largest grant award in the Indianapolis-based group’s 86-year history. 

The governor said the endowment funding would go toward projects “focused on blight reduction, redevelopment, and arts and cultural initiatives throughout our entire state.”

Multi-county groups face a Feb. 23 deadline for submitting their proposals to the Indiana Economic Development Corp. for review, with allocation decisions expected to be made in April.

All 92 counties got a piece of the initial $500 million round of grants that were allocated in 2021 through 17 regional organizations.

Valedictory of gubernatorial tenure

Holcomb, who can’t seek reelection this year because of term limits, released on Monday proposals for his final legislative session that included growing Indiana’s early child care workforce and improving literacy rates among third graders.

Holcomb spent much of Tuesday’s speech reviewing what he sees as highlights from his time as governor.

With what Holcomb now calls the “Indiana Model,” he called for continued cooperation among the public and private sectors as he has made economic development his highest-profile effort in recent months.

“Nearly every step forward we’ve made during these last seven years has followed this Indiana Model, a remarkable team effort,” Holcomb said.

Holcomb pointed to announcements for two new electric battery manufacturing plants in Kokomo and another near South Bend that will each have about 1,500 workers. 

He also highlighted ongoing cuts to the state’s personal income tax rates and the paying down of $4.5 billion in state debt, while the state has also started work on several large building projects

His list also ranged from making broadband service available to some 70,000 households and businesses around the state to building 280 more miles of recreational trails.

While Holcomb’s speech never mentioned the COVID-19 pandemic that consumed much of his time during 2020 and 2021, he alluded to it by discussing the state’s public health expansion that legislators directed $75 million toward this year.

“Our Health First Indiana program, the nation’s largest, most substantial new commitment to public health, will further empower Indiana counties to create tailored actions,” he said.

Senate Democratic Assistant Leader Shelli Yoder of Bloomington seized upon a reference in Holcomb’s speech saying Indiana wasn’t built for “standing still.”

Yoder criticized Holcomb for not discussing issues such as pregnant women in rural areas who are “traveling county to county to county to find a maternity ward that is open.”

“What is also standing still are Hoosiers’ wages,” Yoder said. “Hoosiers’ wages are stagnant and are not keeping up with the cost of living. What isn’t standing still are young people who are leaving this great state to find other opportunities in other states, for those better-paying jobs.” 

Looking ahead to final year

Holcomb encouraged lawmakers to support his proposals on childhood literacy, job training programs and child care accessibility.

Holcomb hasn’t discussed any plans for what he’ll do after his time as governor ends next January.

He said in his speech that he focused on finishing his eight years as governor strong.

“Term-limited though I am, here are my promises to you for 2024,” Holcomb said. “My administration will not be a ship in port. Instead, we will deploy on multiple fronts until my last day and hour as your governor.”

This story has been updated with reaction from Democratic legislators and editing of Holcomb’s remarks as delivered during speech.

Tom Davies is a Statehouse reporter for State Affairs Pro Indiana. Reach him at [email protected] or on X at @TomDaviesIND.

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