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Real Estate Developer Brad Chambers Becomes New Indiana Commerce Secretary

Buckingham Companies CEO and founder Brad Chambers will not leave his company while he leads the Indiana Economic Development Corporation.

Buckingham Companies CEO and founder Brad Chambers will not leave his company while he leads the Indiana Economic Development Corporation. (Courtesy of the governor's office)

Indiana has a new secretary of commerce.

The governor announced Monday real estate developer Brad Chambers will lead the state’s economic development agency. He replaces Jim Schellinger, who left in March.

Chambers is the founder and CEO of Indianapolis-based Buckingham Companies, which invests, develops and manages primarily housing properties.

In a statement, Gov. Eric Holcomb called Chambers a “transformational leader” and said no one is better suited to lead the Indiana Economic Development Corporation.

Chambers will lead the state’s ongoing efforts to attract more businesses to Indiana and encourage companies here to grow, often through financial incentives.

Chambers will not leave his company. He will remain in leadership at Buckingham while “[reducing] his day-to-day role.”

The company will not be eligible for state incentives while Chambers leads the IEDC.

Contact reporter Brandon at bsmith@ipbs.org or follow him on Twitter at @brandonjsmith5.

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