IEDC OKs Funds For More Regional Cities Projects
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowFunding for three more northeast Indiana projects has been approved by the Indiana Economic Development Corp. as part of the Regional Cities Initiative. The support will go toward work in Angola and Warsaw, as well as expanding the reach of a trail connecting several communities. The latest round involves more than $4.3 million.
Northeast Indiana, Southwest Indiana and North Central Indiana were selected to each receive $42 million in state funding as a way to help unlock additional investment geared toward quality of life and talent-attraction initiatives. Indiana Secretary of Commerce Jim Schellinger says "these three projects offer something for everyone in northeast Indiana – urban housing, workforce and business development and health and wellness. I look forward to witnessing the positive impact these projects will have on their communities and the state as a whole."
The projects receiving investment are:
- $323,000 from the state toward the planned $1.89 million Enterprise Center in Angola, which includes a business incubator, coworking space and industrial training facility.
- $3.5 million from the state toward a planned $17.56 million redevelopment of two blocks in the city’s downtown to include housing designed to attract and maintain talent in the orthopedics industry.
- $498,000 for the state toward a $3.1 million planned South Adams Trail project, which will cover 3.2 miles and include rehabilitation of two historic 1897 Pratt Truss iron rail bridges across the Wabash River.
You can connect to more about the projects by clicking here.