The Northeast Indiana Regional Development Authority will make available $250,000 of the initial $42 million of Regional Cities initiative funding remaining to invest in an additional project or multiple projects in the 11-county region.
The funding comes from savings earned from past projects, investment on deposits and higher than projected returns for tax credits.
To date, nearly $42 million of state Regional Cities initiative funding was used to generate over $258 million of total public-private investment in 24 quality of place projects in Northeast Indiana’s 11-county region. Fourteen projects are
complete so far.
Consultant Michael Galbraith said “If there’s a definite timeline and the project is considered transformational for our region, the RDA wants to learn more about the project. We must invest the remaining funds, help launch impactful regional projects and move Northeast Indiana forward.”
To apply for Northeast Indiana RDA funding, project owners are asked to use the Regional Development Project Claim Form and the Regional Development Plan Project Cover Sheet at www.neindiana.com/rda.
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