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Patterson on funding earmarked for S/E Indiana

May 4 – Indiana lawmakers recently awarded $500 million to 15 regions representing all 92 counties statewide through the expansion of the Indiana Regional Acceleration and Development Initiative (or READI 2.0).

The state’s total investments in this round of funding are expected to generate nearly $11 billion in total investments from public and private sources.

The Southeast Indiana region, led by SEI READI Inc., which received $10 million, includes Ripley, Franklin and Union counties. Accelerate Rural Indiana, which received $30 million, includes Decatur and Rush counties and the city of Batesville. The East Central region, led by the East Central Indiana Regional Partnership, received $35 million and includes Fayette County.

“It is clear that our region must continue to grow, improve and innovate if we are to compete for talent and economic development,” said State Rep. Lindsay Patterson (R-Brookville). “This government funding and collaboration between provinces paves the way for transformational change toward that goal. Whether it’s increasing our housing stock, access to child care or the jobs available, I’m glad to see this regional vision delivering tangible benefits to our communities. .”

The state evaluated regional proposals based on a variety of factors, including potential for economic development, alignment with state priorities such as population growth, per capita income growth, employment growth, educational attainment, developed housing units, child care capacity and innovation activities. as well as the degree of focus on rural communities, and the degree of regional cooperation.

For more information about the READI 2.0 program, visit indianareadi.com. — Information provided