Indiana Economic Development Corporation announces $238,000 in funding for UC projects
July 20, 2023 at 11:57 a.m.
Two projects in Union County are being made possible by an investment from the Indiana Economic Development Corporation Regional Economic Acceleration and Development Initiative (READI) and SEI READI, Inc.
SEI READI received a $15 million READI allocation from Governor Eric Holcomb and the IEDC in 2021. Fifteen projects totaling more than $13.2 million were announced in May.
The Union County projects recently approved for a total of $238,000 in READI investment include:·
•Union County Historic Waterworks Building - $38,000. READI funds will match local funding to renovate this historical building in the Town of Liberty which will serve as a visitor center, seasonal farmers market, and venue for crafters and artisans.
• Union County Water & Sewer Extension - $200,000. These utility extensions made possible by READI will enable the development of 35 new homes on U.S. 27 near the Town of Liberty.
The two projects bring SEI READI’s total to 19 projects across Dearborn, Franklin, Ripley, Ohio, Switzerland, and Union counties. SEI READI’s previously announced Southeast Indiana local and nearby projects include:·
•Brookville Sewer Extension for Franklin County Housing, Franklin County - $4,464,107·
•Golden Road Infrastructure Gas Line Project, Franklin County - $250,000·
•Lil’ Patriots Preschool, Union County - $140,000· State Road 1 Corridor Economic Development Plan, Dearborn and Franklin counties - $87,400
•United Way of Southeast Indiana Early Education Access, regional - $140,000
Indiana launched READI, a bold, transformational initiative that dedicates $500 million in state appropriations to promote strategic investments to make Indiana a magnet for talent and economic growth. The entire statewide READI program is expected to result in a projected $9.8 billion in total investment, including local public, private and philanthropic match funding, which will propel investment in Indiana’s quality of place, quality of life, and quality of opportunity.
A second round of the IEDC READI program has been funded by the Indiana General Assembly. SEI READI, Inc. and economic development organizations expect to again compete for funding in 2023. More information about SEI READI and updates can be found at www.southeastindiana.org.
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Two projects in Union County are being made possible by an investment from the Indiana Economic Development Corporation Regional Economic Acceleration and Development Initiative (READI) and SEI READI, Inc.
SEI READI received a $15 million READI allocation from Governor Eric Holcomb and the IEDC in 2021. Fifteen projects totaling more than $13.2 million were announced in May.
The Union County projects recently approved for a total of $238,000 in READI investment include:·
•Union County Historic Waterworks Building - $38,000. READI funds will match local funding to renovate this historical building in the Town of Liberty which will serve as a visitor center, seasonal farmers market, and venue for crafters and artisans.
• Union County Water & Sewer Extension - $200,000. These utility extensions made possible by READI will enable the development of 35 new homes on U.S. 27 near the Town of Liberty.
The two projects bring SEI READI’s total to 19 projects across Dearborn, Franklin, Ripley, Ohio, Switzerland, and Union counties. SEI READI’s previously announced Southeast Indiana local and nearby projects include:·
•Brookville Sewer Extension for Franklin County Housing, Franklin County - $4,464,107·
•Golden Road Infrastructure Gas Line Project, Franklin County - $250,000·
•Lil’ Patriots Preschool, Union County - $140,000· State Road 1 Corridor Economic Development Plan, Dearborn and Franklin counties - $87,400
•United Way of Southeast Indiana Early Education Access, regional - $140,000
Indiana launched READI, a bold, transformational initiative that dedicates $500 million in state appropriations to promote strategic investments to make Indiana a magnet for talent and economic growth. The entire statewide READI program is expected to result in a projected $9.8 billion in total investment, including local public, private and philanthropic match funding, which will propel investment in Indiana’s quality of place, quality of life, and quality of opportunity.
A second round of the IEDC READI program has been funded by the Indiana General Assembly. SEI READI, Inc. and economic development organizations expect to again compete for funding in 2023. More information about SEI READI and updates can be found at www.southeastindiana.org.