Inside Indiana Business is reporting that the Indiana Economic Development Corporation board of directors on Thursday approved $500 million in funding from the second round of the Regional Economic Acceleration and Development Initiative, or READI 2.0.
The regional funding allocations were announced by Gov. Eric Holcomb and the IEDC at the agency’ public meeting in Indianapolis.
The report also said that six regions each received the highest allocation of $45 million, and the IEDC said based on plans outlined in the regions’ funding applications, the grants are expected to yield about $11 billion in additional public and private investment.