The school originally was slated to open in the month of August.
Swimming at an early age can help children maintain a healthy weight, develop better sleeping patterns and aid brain development.
Chamber officials say education and workforce situations are "bleak."
State superintendent Glenda Ritz has come under fire for an education department contract that was awarded to AT&T.
The State Superintendent is accused of awarding a lucrative technology contract without seeking public bids.
The Indiana Department of Education wants schools to background check all staff, including volunteers and coaches.
ITT spokeswoman Nicole Elam said in an email the company has "voluntarily suspended new student enrollment as we assess our options."
It’s been five years since Indiana launched its school voucher program, which gives state money to qualified students to cover private education.
U.S. Dept. of Education officials announced the ban Thursday among a series of measures meant to increase financial oversight of the company.
Research shows kids who attend a high quality preschool do dramatically better in school later on than kids who do not.