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Over $6 million approved to invest in preschool, civic center, housing, and mixed-use downtown developments in Northeast Indiana


The Northeast Indiana Regional Development Authority (RDA) has locally approved over $6 million in financial support through the Regional Economic Acceleration and Development Initiative (READI) for these new projects

FORT WAYNE, Ind., Dec. 7, 2022 /PRNewswire/ -- The Northeast Indiana Regional Development Authority (RDA) has approved support for regional efforts dedicated to essential housing, community development, downtown revitalization, and preschool education. The RDA's investment exceeds $6 million and will leverage approximately $45,000,000 in additional state, public, and private support.

Through READI, 17 regions across the state that represent all 92 counties are moving forward with projects and programs designed to enhance Indiana's regions for current and future generations of Hoosiers. Collectively, the state's $500 million investment is expected to yield an additional $9.86 billion public, private, and nonprofit dollars invested (19.72:1 investment leverage ratio) in enhancing Indiana's quality of life, quality of place, and quality of opportunity.

"Northeast Indiana remains one of the most collaborative regions in the state, but what makes it so special is the communities that comprise it. This round of investments supports growth infrastructure and addresses key needs in a number of those communities to help advance our region's positive momentum," said Jeff Turner, board president of the RDA. 

The projects, approved in Wells, Whitley, Kosciusko, and Huntington counties, are:

This new batch of READI funds comes just days after the RDA approved over $15 million for five other catalytic projects for the region. These newly announced projects will continue to drive economic success in Northeast Indiana as the state focuses on housing, infrastructure, and building communities for Hoosiers.

Media Contact: Jonathan Sackett
[email protected]
630-291-0151

 

SOURCE The Northeast Indiana Regional Partnership


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News published on 7 december 2022 at 15:08 and distributed by: