IEDC Approves Regional Cities Funding
The Michiana Event Center
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe Indiana Economic Development Corp. has approved a total of nearly $8 million in Regional Cities Initiative funding for three projects in northeast Indiana. The projects will take place in Shipshewana, Fort Wayne and Huntington.
The IEDC approved $3.8 million in funding for the relocation and expansion of the Michiana Event Center, which has previously operated in Howe and will move to Shipshewana. The IEDC says the project, which totals $19 million, will enhance tourism in the region.
An additional $2.48 million in funding has been approved for the Posterity Scholar House on the southeast side of Fort Wayne. The project aims to provide affordable housing to lower-income or single-parent families looking to obtain post-secondary education. It will connect single-parent students with opportunities in various growth sectors in the region, including advanced manufacturing and healthcare.
Construction on the nearly $12.5 million project is expected to be complete in 2018.
Finally, the IEDC has approved $1.6 million in funding for the UB Block in Huntington, which consists of three historic buildings to which Huntington University plans to move and expand programs in entrepreneurship and economic and civic collaboration. The IEDC says Pathfinder services will also relocate and expand its Creative Abilities Art Center in the UB Block. Construction is expected to be complete by August 2018.
"Indiana has built a great business environment through deliberate planning, sound fiscal polices and a collaborative effort to create long-term solutions for economic growth and prosperity," said Indiana Secretary of Commerce Jim Schellinger. "The Indiana Regional Cities Initiative utilizes those same principles of planning and collaboration to build a better quality of place throughout Indiana. The Michiana Event Center, the Posterity Scholar House and the UB Block are transformational projects for northeast Indiana and the state of Indiana, offering something for everyone."