The Northeast Indiana Regional Development Authority has announced that it intends to apply for Regional Economic Acceleration and Development Initiative Program funding. The RDA says it has been endorsed as the region’s applicant by several key regional groups, including the Mayors and Commissioners Caucus of Northeast Indiana.
The RDA says it will formally submit intent to apply to the Indiana Economic Development Corp. before the July 1 deadline.
“The Northeast Indiana RDA is already hard at work on a compelling application for READI Program funds and has the leadership, staff and structure in place to execute this critical work for our state and region,” said Northeast Indiana RDA Board President Gene Donaghy.
The Northeast Indiana Regional Partnership, which serves the same 11-county geography as the Northeast Indiana RDA, has been contracted to provide administrative support to the RDA for the program.
“As a member of the Caucus, I have observed how the Regional Cities Initiative has transformed our communities,” said Mayor Steve McMichael, Mayor of the city of New Haven and Caucus president. “With 28 quality of place projects improving life in Northeast Indiana, we know the RDA is well-suited to lead the application process for the READI grant and continue leading the way on development in Indiana.”
The initiative, which was announced last month by Governor Eric Holcomb and the Indiana Economic Development Corp., is dedicating $500 million to promote investments that will attract economic development and talent.