Widespread local opposition to data center projects, fueled by concerns over electricity demand, water use, noise, and grid strain from AI infrastructure growth, has driven dozens of county and municipal moratoriums across Indiana. As of late September 2026, roughly one-third of the state's 92 counties plus cities including Indianapolis (through December 2027), Zionsville, Owen County, Elkhart, and Gary have enacted pauses, often via unanimous votes following public hearings and organizing. A statewide measure (HB 1333) failed earlier in the year, though revenue-sharing provisions advanced separately. No major new state-level proposals have surfaced recently, while additional local actions such as Fort Wayne's pending October vote continue to shape the environment. Traders should watch for legislative sessions or executive moves that could shift from localized restrictions to broader policy.