Governor Eric Holcomb announced plans to award $500 million to 15 regions representing all 92 counties to support quality of place and quality of life initiatives statewide.
The funding, made available through the expansion of the Indiana Regional Acceleration and Development Initiative (READI), was approved Thursday by the Indiana Economic Development Corporation (IEDC) board of directors at a special session hosted by the governor and Secretary of Commerce David Rosenberg.
“READI 2.0 will grow the state’s overall program commitment to $1 billion, marking an unprecedented state-led investment in cultivating vibrant, modern and sustainable communities that attract and retain top talent,” a press release from Holcomb’s office stated.
The Northwest region which consists of Lake, Porter, LaPorte, Jasper, Newton, Pulaski, Starke has been awarded $45 million and was led by the Northwest Indiana Forum.
The IEDC will coordinate with each of the 15 areas to identify regionally significant capital and infrastructure projects for investment.
More information on READI 2.0 can be found at IndianaREADI.com.