The Metropolitan and Economic Development Committee of the Indianapolis City-County Council heard presentations from two developers who laid out plans for improvements for 16 Tech and the Stutz Building.

The design of a new downtown Indianapolis bridge has been unveiled.

The funding would boost economic recovery through jobs creation and infrastructure investment.

A first-of-its-kind fund in Indianapolis will invest up to $1 million next year for neighborhoods surrounding the 16 Tech Innovation District.

Construction is underway on an Indianapolis project that aims to bring together the best, most creative thinkers in technology, advanced manufacturing and life sciences. It's called 16 Tech and will take 10 years to build out.

The funds will be used for infrastructure upgrades as developers build a makerspace,' bio-tech lab and entrepreneurship workspace. Planners say 16 Tech' will host up to 2,600 jobs.