Projects Land ‘Promise Zone’ Funding

The organization says about 150

Two Indianapolis projects have received funding from the U.S. Department of Commerce as part of an effort to boost economic activity in high-poverty communities. The department Wednesday announced $14.4 million in investments as part of the Promise Zone Initiative.

The department awarded $375,000 to Citizens Energy Group of Indianapolis. The funding will support a site assessment, reuse and implementation strategy for a former coal manufacturing facility. The grant will also support economic, work force development and revitalization efforts in the area where the former plant was located.

The city of Indianapolis will receive $355,000 to support the hiring of a recovery coordinator/Promise Zone liaison. The city says that person will be tasked with developing a strategy to fight unemployment, identify alternative employment opportunities and boost job skill development and other resources to help people impacted by business closures.

You can find more information about the Promise Zone initiative by clicking here.