The Northwest Indiana Forum Foundation and the Indiana Economic Development Corp. recently approved nine more projects for READI grants.
The Northwest Indiana Forum spurred efforts to gain $50 million in READI grant funding that will garner $550 million in matched spending in the Region, according to a press release. A team of leaders and experts in the Region chose 34 projects to receive the funding.
Gov. Eric Holcomb launched the $500 million program with legislation during the 2021 session. The funds were dispersed between 17 state regions. Northwest Indiana received $50 million of that allocation.
The latest approved projects include:
- City of Valparaiso: Valparaiso Community Sports and Recreation Complex — $4.7 million in READI funds with a total $42.1 million investment
- Indiana University Northwest: Northwest Indiana housing study — $94,000 in READI funds with a total $126,080 investment
- Digital Crossroads: Quantum Corridor — $3,995,000 in READI funds with a total $25,981,220 investment
- City of Hammond: Downtown Hammond train station and station square — $2.8 million in READI funds with a total $9.7 million investment
- Ivy Tech Energy Technology Mobile Unit — $705,000 in READI funds with a total $955,000 investment
- NWI Food Council: Region Roots local farm and food hub — almost $1.6 million in READI funds with a total $2.8 million investment
- Center of Workforce Innovations: Work-based learning expansion (internships) — $940,000 in READI funds with a total $1.5 million investment
- Society of Innovators at Purdue University Northwest: Youth Entrepreneurship Ecosystem — $470,000 in READI funds with a total $1.6 million investment
- Tolleston Opportunity Hub — $9.4 million in READI funs with a total $29.4 million investment
The Northwest Indiana Forum represents Lake, Porter, La Porte, Newton, Jasper, Starke and Pulaski counties. Learn more about the latest projects that were approved and the READI program here.