Our Southern Indiana Regional Development Authority has formally approved to move its final slate of projects forward in the READI process. The RDA was one of five regions in the state to receive the full $50 million allocation from the state’s $500 million Regional Economic Acceleration and Development Initiative.
The RDA submitted for review by the Indiana Economic Development Corp. four projects it feels will have a positive economic impact on the area. Those projects include Ohio Theatre, Hanover Madison Connector Trail, and Indiana Music City Amphitheater, and Scott County Youth Sports Complex.
“After today, you will have every READI project – and every dollar – under review by IEDC,” said Cory Cochran, executive director of River Hills Economic Development District Planning Commission, which the RDA hired to help READI projects progress toward implementation. “We are moving into 2023 with a sense of accomplishment. I am proud of the diligent work we have committed to producing with the guidance of the IEDC.”
The RDA says, additionally, the following projects received final IEDC and RDA project approval and READI funding:
- Borden-Sellersburg Regional Wastewater Cooperative ($1.5 million)
- Destination Madison: Madison, IN Gateway Project ($718,342)
- Destination Madison: Mulberry Lot & Comfort Station ($916,984)
In December 2021, the IEDC awarded grants to 17 regions throughout Indiana. Since then, Our Southern Indiana RDA has worked to prepare projects for the funding implementation, approving the first round of projects to move forward in June.
The RDA hired River Hills Economic Development District Regional Planning Commission to help the projects progress toward implementation.