Northeast Indiana Regional Development Authority Recommends Funding for Three Projects

01/19/2017

Northeast Indiana Regional Development Authority Recommends Funding for Three Projects

 

FORT WAYNE, Ind. – The Board of the Northeast Indiana Regional Development Authority (RDA) met today to consider requests for Regional Cities Initiative funding for projects submitted by the Buffalo Street Redevelopment Project in Kosciusko County, Posterity Scholar House in Allen County and the Michiana Event Center in LaGrange County.

The Board voted to support three projects including:

  1. Buffalo Street Redevelopment Project in Kosciusko County, which requested $3.5 million, representing 20 percent of the $17.6 million of the project’s total cost;
  2. Posterity Scholar House in Allen County, which requested a $2,484,180 grant, representing 20 percent of the $12.4 million of the project’s total cost; and
  3. Michiana Event Center in LaGrange County, which requested a $3,843,371 grant, representing 20 percent of the $19,216,855 million of the project’s total cost.

“The three projects recommended for funding truly illustrate the diversity and regionalism of our Road to One Million plan. These projects are improving quality of life in three different counties in our region, and each project is critical as we grow Northeast Indiana’s economy, brand and talent pool,” said RDA board member Jeff Turner, senior vice president of Metal Technologies.

The Board’s recommendation now goes to the Indiana Economic Development Corporation (IEDC) for review and final approval to receive funding.

About the Northeast Indiana Regional Development Authority (RDA)

The Northeast Indiana Regional Development Authority (RDA), currently the largest RDA in the state, consists of Adams, Allen, DeKalb, Huntington, Kosciusko, LaGrange, Noble, Steuben, Wabash, Wells and Whitley counties. The RDA is overseen by a five-member board, each appointed by consent of the executives of the member counties and municipalities, and receives staffing support from the Northeast Indiana Regional Partnership. Only the RDA may apply to the new state-funded Indiana Regional City Fund (administered by the Indiana Economic Development Corporation) for matching grants and loans; it may also accept loans, grants and other contributions from federal, state, and private sources. For more information, visit www.neindiana.com/rda.

About the Northeast Indiana Regional Partnership

The Northeast Indiana Regional Partnership was formed in 2006 to build a globally competitive economy in Northeast Indiana. It is a public-private partnership with the mission to build, market and sell Northeast Indiana to increase business investment. In 2010, the Partnership launched Vision 2020 to bring the region together around five key areas for economic growth: 21st Century Talent, Competitive Business Climate, Entrepreneurship, Infrastructure and Quality of Life. The Partnership supports 11 member counties: Adams, Allen, DeKalb, Huntington, Kosciusko, LaGrange, Noble, Steuben, Wabash, Wells and Whitley counties. For more information, visit www.neindiana.com


MEDIA CONTACT:                                                                    Our Contact Information            

Michael Galbraith                                                                        Northeast Indiana Regional Partnership
Director of the Road to One Million                                            200 East Main St Suite 910
Northeast Indiana Regional Partnership                                    Fort Wayne, IN  46802
260.469.3476
michael@NEIndiana.com

 

 





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