Evansville Region Receives $45 Million From READI 2.0

~ Indianapolis, IN - State officials have announced the second round of Regional Economic Acceleration and Development Initiative (READI) funding, with the Evansville region set to receive $45 million. This is part of a statewide initiative worth $500 million aimed at boosting economic development.

Evansville Mayor Stephanie Terry expressed her excitement at the news, stating that these funds will allow the city and surrounding areas to invest in transformative projects. She was joined by members of the Evansville Regional Economic Partnership (E-REP) and Southwest Indiana Regional Development Authority at the announcement.

The Evansville region, which includes Vanderburgh, Warrick, Gibson, and Posey counties, will be accepting applications for these funds until May 3. Interested individuals and groups can find the application form on evansvilleregion.com/readi under the "READI 2.0 Project Interest Form" link. However, unlike READI 1.0, only capital or infrastructure improvement projects will be considered for funding.

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Projects applying for funding should aim to use READI 2.0 funds for 20% of their project cost, with a 20% public match and a 60% match from private funds.

This is not the first time that the Evansville region has received READI funding. In 2021, they were awarded $50 million from the first round of READI funds which were used towards various projects focused on improving quality of life, place, and opportunity in the area. The full list of these projects can also be found on evansvilleregion.com/readi under the "Awarded READI 1.0 Funds" link.

With this new round of funding, Mayor Terry encourages individuals and groups to dream big and take advantage of this opportunity to make significant improvements in their communities. The potential impact on quality of life and opportunities for residents is promising as they work towards building a better future for the Evansville region.

Filed Under: Government, City

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