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Midwest · SLG Market Intelligence

Indiana

A new fiscally lean Braun administration, an IT-consolidation mandate, and one of the nation's largest AI data-center buildouts (Meta's $10B LEAP campus, SK hynix HBM packaging) are turning Indiana into a national AI-infrastructure hub.

Last updated Aug 5, 2026
~$46.2B2026-27 Biennial BudgetQPA (IDOA)Primary IT VehicleMeta LEAP $10BAI Marquee ProjectWarren LenardState CIO / IOT

Top Accounts in Indiana

1 account · market intel companion

Executive Summary

~$46.2B1
FY2026-27 General Fund
~$23.0B FY26 + ~$23.2B FY27
$10B8
Meta LEAP data center
1GW campus, Lebanon; broke ground Feb 2026
$3.87B9
SK hynix HBM plant
Purdue Research Park; up to $458M CHIPS funding
5%2
Statewide spending cut
Braun budget discipline / I-DOGE

Indiana enters the FY2026-27 biennium under a cost-cutting Braun administration that paired a flat ~$46.2B General Fund budget with a statewide 5% spending reduction and an 'I-DOGE' efficiency review. For a Dell seller, three things matter. First, new State CIO Warren Lenard (appointed March 2025) carries an explicit mandate to consolidate IT across state agencies for better service at lower cost — a refresh-and-rationalize motion that favors standardized, well-priced infrastructure and devices. Second, Indiana is now one of the country's hottest AI-infrastructure markets: Meta broke ground on a $10B, 1GW data-center campus at the LEAP district in Lebanon (Feb 2026), SK hynix is building a $3.87B HBM advanced-packaging plant at Purdue Research Park, and Amazon, Google and Microsoft projects are landing across the state — all backed by aggressive data-center sales-tax exemptions. Third, the state's buying motion runs through IDOA Quantity Purchase Agreements (QPAs), so Dell's coverage and reseller alignment there is the gate to agency deals.

Where Dell can play
  • AI-infrastructure / 'AI factory' demand tied to the LEAP Lebanon and statewide data-center boom plus Purdue/SK hynix research compute (PowerEdge, networking, services).
  • Statewide IT consolidation under CIO Lenard — standardized compute, endpoints, and lifecycle services delivered through IOT at lower cost.
  • University and research-computing buyers (Purdue, IU) scaling AI and semiconductor R&D.
  • Governed AI adoption under the state's NIST-aligned AI policy and AI Task Force — private/on-prem AI for sensitive agency workloads.

Dell Action Plan

  • Lead the AI-infrastructure conversation: tie Dell ISG / AI Factory offerings to the LEAP Lebanon buildout, SK hynix/Purdue ecosystem, and university research-computing buyers.
  • Validate Dell's IDOA QPA coverage and authorized resellers are current and correctly scoped for the agencies you're targeting.
  • Engage CIO Warren Lenard's IOT consolidation agenda with standardized compute, endpoints, and lifecycle services that lower per-unit and operating cost.
  • Frame proposals around Braun-era cost discipline (I-DOGE, 5% cuts) — quantify TCO and consolidation savings, not just unit price.
  • Position governed, private/on-prem AI for sensitive workloads as agencies operationalize the state's NIST-aligned AI policy and Task Force guidance.

Budget & Fiscal

Indiana budgets on a two-year (biennial) cycle. The 2025 General Assembly's HEA 1001 funds FY2026-27 with roughly $23.0B in FY2026 and $23.2B in FY2027 of General Fund appropriations (~$46.2B total), including about $604M in capital. Facing a softer April 2025 revenue forecast, the budget applies a statewide ~5% reduction on most line items plus an additional 5% operating reserve. There is no single 'state IT budget' line — technology spend is distributed across agencies and recovered through the Indiana Office of Technology's internal-service rate model.

~$23.0B1
FY2026 General Fund
HEA 1001 appropriations
~$23.2B1
FY2027 General Fund
HEA 1001 appropriations
~$604M1
Capital appropriations
Biennial total
Technology & security funding this biennium
BEAD broadband allocation
Federal BEAD funds for Indiana
~$868M
Capital appropriations
FY2026-27 biennium
~$604M
Data-center tax exemptions claimed
Cumulative sales/use tax forgone to date
~$655M
  • Figures are biennial (two-year) or cumulative totals unless noted.
  • IOT funds itself largely through internal-service rates billed to agencies, so 'IT spend' shows up across agency budgets rather than as one appropriation.
  • A statewide 5% reduction plus 5% operating reserve makes cost and consolidation the dominant procurement themes this biennium.
  • Indiana closed FY2026 (ended June 30, 2026) with a $1.86B surplus and reserves nearing $4B, up 60% year-over-year, as tax collections rose 6.8% against a 0.8% projection — a cash-flush position entering FY2027 that eases (but does not reverse) the administration's cost discipline.
Agency budget shifts — FY2024-25 biennium (HEA 1001-2023, enacted 2023) vs. FY2026-27 biennium (HEA 1001-2025, enacted Apr 2025)

General Fund (state) appropriations only, as-passed budget detailed data (operating and construction GF lines; dedicated, federal, and local funds excluded) Statewide: $44.6B → $46.2B (+3.6%). Top 12 movers of 99 agencies.

AgencyPriorCurrentΔ $Δ %
Office of Medicaid Policy and Planning $8.28B $10.08B +$1.8B +21.8%
Department of Education $18.93B $19.71B +$773.4M +4.1%
Indiana Economic Development Corporation $860.7M $148.2M −$712.6M -82.8%
Department of Child Services $1.93B $2.16B +$235.9M +12.2%
State Budget Agency $1.03B $862.7M −$162.5M -15.9%
Office of Early Childhood and Out-of-School Learning $125.9M $279.7M +$153.8M +122.2%
Department of Administration $213.2M $91.1M −$122.1M -57.3%
Department of Correction $1.88B $1.98B +$102.1M +5.4%
State Department of Health $74.6M $158.3M +$83.6M +112.0%
Indiana University $1.32B $1.25B −$62.2M -4.7%
Criminal Justice Institute $110.9M $53.8M −$57.1M -51.5%
Department of Natural Resources $180.4M $123.4M −$57.1M -31.6%
  • Amounts are biennium totals of state General Fund appropriations from the SBA detailed as-passed budget data; dedicated, federal, and local fund lines are excluded. FY2026+FY2027 GF total computed here is $46.20B, matching the published ~$46.2B ($23.0B FY26 / $23.2B FY27) General Fund biennium.
  • The FY2024-25 file lists each correctional facility and state psychiatric hospital as its own agency; the FY2026-27 budget consolidates them into single appropriations (State Correctional Facility Operations; State Psychiatric Hospital Operations). Prior-biennium facility amounts are rolled into Department of Correction and Division of Mental Health for comparability.
  • Agencies abolished or defunded between biennia (e.g., Workforce Cabinet, Integrated Public Safety Commission, Indiana Charter School Board) show current = 0; Utility Regulatory Commission and Utility Consumer Counselor moved onto General Fund in FY2026-27 (previously dedicated-funded), so prior = 0 on this basis.

Source: Indiana State Budget Agency, 2025-2027 As-Passed Budget - Detailed Budget Data (Excel) · Indiana State Budget Agency, 2023-2025 As-Passed Budget - Detailed Budget Data (Excel)

Initiatives & Policy

Meta LEAP Lebanon Data Center8

Under construction

Meta broke ground in February 2026 on a $10B+, ~1,500-acre, 1GW data-center campus at the LEAP Research and Innovation District in Lebanon (Boone County), one of its largest AI investments to date. Alongside Amazon (Project Rainier), Google (Project Zodiac) and Microsoft projects, the LEAP buildout anchors Indiana as national AI infrastructure — the strongest tailwind for Dell ISG, networking and services demand in the region.

Dell fit88
Budget strength90
AI InfrastructureData CentersLEAP

SK hynix HBM Advanced Packaging (Purdue)9

Under construction

SK hynix is investing ~$3.87B in a high-bandwidth-memory (HBM) advanced-packaging and R&D facility at Purdue Research Park in West Lafayette — the first U.S. HBM packaging plant — backed by up to $458M in federal CHIPS funding. It deepens Indiana's AI-hardware ecosystem and Purdue's research-computing footprint, both adjacent demand for Dell AI-infrastructure and services.

Dell fit75
Budget strength85
SemiconductorsAI MemoryPurdue

Statewide IT Consolidation (IOT)6

In progress

New State CIO Warren Lenard (appointed March 2025) was hired with an explicit mandate to consolidate IT organizations across state government to deliver better service at lower cost. Combined with Braun's I-DOGE efficiency drive, this favors standardized, competitively priced compute, endpoints and lifecycle services delivered through IOT — a refresh-and-rationalize opening for Dell.

Dell fit80
Budget strength60
ConsolidationEfficiencyModernization

Indiana AI Governance & Task Force10

Ongoing study

Indiana's bipartisan AI Task Force (created by SEA 150, running through 2027) is studying government AI use, privacy and security, and the state adopted a NIST AI Risk Management Framework-aligned policy for agency AI. Agencies need governed, auditable AI — an opening to lead with private/on-prem AI for sensitive data rather than open public models.

Dell fit65
Budget strength40
AIPolicyGovernance

Broadband Expansion (BEAD / Next Level Connections)11

Awarding

Indiana's ~$868M BEAD allocation, run by the Indiana Broadband Office alongside OCRA's Next Level Connections and the Indiana Connectivity Program, is mid-award — Round 1 BEAD covers ~70% of eligible unserved locations. Primarily a connectivity build, but it expands the digital footprint and edge/management needs across rural agencies and partners.

Dell fit45
Budget strength65
BroadbandRuralConnectivity

Procurement & Competition

The Indiana Department of Administration (IDOA) Procurement Division is the central purchasing authority, while the Indiana Office of Technology (IOT) sets technology standards and delivers shared infrastructure. Most state agency technology buys run through IDOA Quantity Purchase Agreements (QPAs) — pre-competed statewide contracts that let agencies buy from qualified vendors without a separate solicitation, with typical PO processing of just a few days. Many IT QPAs ride established GSA/cooperative instruments.

Vehicle / gateWhat it means for Dell
Quantity Purchase Agreements (QPAs)Primary vehicle. Pre-competed statewide contracts (commonly 2-4 year terms) for IT equipment, software and services. Confirm Dell's QPA coverage and authorized resellers are current and correctly scoped.
IDOA Active ContractsSearchable statewide contracts and awards administered by the IDOA Procurement Division.
IOT shared services / internal-service ratesIOT delivers consolidated infrastructure and services billed to agencies via internal-service rates — the channel for consolidation-driven refresh.
Key buying entityRole
IDOA ProcurementCentral purchasing; owns QPAs and statewide contracts.
Indiana Office of Technology (IOT)State CIO's agency; IT standards, security and shared infrastructure; leads consolidation.
FSSA (Family & Social Services)Among the largest, most data-heavy agency IT spenders; modernization-driven.
Purdue University / Indiana UniversityLarge independent research-computing and AI-infrastructure buyers.
Competitive landscape

Indiana is a cost-conscious, contract-driven market — incumbents hold QPAs across compute, networking and services, and the Braun administration's efficiency focus puts pressure on price. Differentiation comes from AI-infrastructure capability tied to the data-center buildout, consolidation-friendly standardization, and services that map to IOT's modernization rather than price alone.

Power Structure

Decision-makerWhy they matter
Mike Braun2
Governor · State of Indiana
Cost-cutting agenda; launched I-DOGE efficiency review and a statewide 5% spending cut; champions the AI/data-center economic push.
Warren Lenard6
State CIO & IOT Director · Indiana Office of Technology
Appointed March 2025 from the private sector (Byrider, Finish Line); mandate to consolidate state IT at lower cost. Made Microsoft Copilot available to state employees and now audits agency AI projects for data classification/governance — confirmed in role June 2026.
Hemant Jain17
Chief Information Security Officer (CISO) · Indiana Office of Technology
Longtime state CISO (since 2018); leads Indiana's whole-of-state cybersecurity strategy and local-government security partnerships. Verified current June 2026.
Indiana Economic Development Corp (IEDC)7
Economic development authority · State of Indiana
Drives the LEAP district and data-center deals; administers data-center sales-tax exemptions; new HB 1210 PILOT applies to projects credited after July 1, 2026.
AI Task Force (SEA 150)10
Legislative AI study body · Indiana General Assembly
Co-chaired by Rep. Matt Lehman; studying government AI use, privacy and security through 2027.
State Budget Agency1
Appropriations & fiscal analysis · State of Indiana
Owns the biennial budget and revenue forecasts — useful for sizing agency IT spend under tightened budgets.

News & Signals

Jul 2026
Budget
Indiana closes FY2026 with $1.86B surplus and reserves nearing $4B18
Tax collections rose 6.8% against a 0.8% projection and reserves jumped 60% year-over-year to roughly 23% of spending — well above the state's 10-15% target. A cash-flush state entering year two of the biennium means less pressure to defer IT refresh and more room for Gov. Braun to fund the infrastructure and consolidation priorities IOT's agenda depends on.
Jul 2026
Data CentersPolicyRisk
Indianapolis council committee advances data-center moratorium through 202719
The Metropolitan and Economic Development Committee voted 10-3 on July 13 to pause new data-center approvals through Dec 31, 2027 alongside a new special zoning classification; the full City-County Council votes Aug 10, with Mayor Hogsett's backing. Signals real metro-Indianapolis siting risk even as LEAP Lebanon and other Boone County projects proceed unaffected.
Jul 2026
Data CentersPolicy
Nearly a third of Indiana counties now restrict data centers20
IU's Environmental Resilience Institute counts at least 17 counties with temporary moratoriums, 11 with data-center ordinances, and 2 outright bans (Marshall, Cass) as of early July — while the General Assembly again declined a statewide moratorium or water/ratepayer rules in the 2026 session, leaving the sales-tax exemption and HB 1210 PILOT regime intact. Sellers should map county-level sentiment before assuming a site is a go.
Jun 2026
Data CentersAIWorkforce
Meta launches $115M America's Workforce Academy, piloting in Indiana for LEAP-area data-center construction13
Signals continued multi-billion-dollar Meta commitment in Boone County; sustains the AI-infrastructure demand environment around LEAP Lebanon.
May 2026
Data CentersPolicyRisk
Indianapolis City-County Council passes non-binding resolution urging a pause on new data-center approvals (to May 2027)14
Local-permitting and zoning friction is rising even as the state courts hyperscalers — watch for siting/timeline risk on metro-area projects.
May 2026
Data CentersPolicyBudget
HB 1210 enacted: data centers receiving IEDC credits after July 1, 2026 must pay local governments ~1% PILOT on equipment and electricity15
Adds a local-revenue-sharing cost to new projects but preserves the core sales-tax exemption — incentive regime stays intact for AI buildout.
Apr 2026
AIPolicy
Gov. Braun launches 'IN AI' initiative to make Indiana 'the most AI-ready state'16
State-backed AI-adoption push (with CICP) broadens the AI ecosystem and the governance conversation Dell can engage on private/on-prem AI.
Feb 2026
Data CentersAI
Meta breaks ground on $10B, 1GW data-center campus at LEAP Lebanon8
Anchors Indiana as national AI infrastructure; major ISG, networking and services tailwind.
May 2025
Data CentersPolicy
HB 1601 signed (PL 178): data-center tax exemption expanded to quantum and advanced computing12
Sweetens incentives that keep AI/data-center investment flowing into the state.