Our Southern Indiana RDA approves READI projects
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Our Southern Indiana Regional Development Authority is moving forward with several projects in the Regional Economic Acceleration and Development Initiative process. The RDA has approved four projects for READI funding, which will now be submitted for state review.
The projects include Borden Recreation and the South Monon Freedom Trail in Clark County, the Novaparke Innovation and Technology campus in Edwardsville, and a Charlestown housing project.
In 2021, Our Southern Indiana RDA received a $50 million grant from the Indiana Economic Development Corp. through the READI program.
The current round of projects is set to receive more than $10 million. Including previous project submissions, the RDA says it is seeking state approval totaling more than $35 million. In addition, more than $408 million in private investment is expected for the projects.
“When you are approving projects of this magnitude and have the vision to see their future impact, it is not just another day at the office,” said Dana Huber, RDA board chair. “You don’t see this type of return on investment very often, and the RDA is proud to help our communities and our region. It is because of the team that we have in place and those that helped along the way, that the RDA gets to do this work. We are honored and grateful for those community leaders, without them many of these projects would not move forward.”
Additionally, the RDA says two projects submitted last month received state approval to move forward. The projects include Origin Park and Destination Madison’s Mulberry Street Arts Corridor.
“We are proud to have several projects make their way through the approval process,” said River Hills Executive Director Cory Cochran. “Every day, we are working tirelessly to make sure the RDA’s funds and projects are handled appropriately.”
The RDA says it has hired River Hills Economic Development District to support the implementation of the projects.