{"id":7158,"date":"2023-10-16T13:43:00","date_gmt":"2023-10-16T17:43:00","guid":{"rendered":"https:\/\/new.www.purdue.edu\/newsroom\/?p=7158"},"modified":"2024-07-29T13:52:40","modified_gmt":"2024-07-29T17:52:40","slug":"purdue-iu-to-collaborate-on-analysis-of-indianas-500-million-economic-development-efforts","status":"publish","type":"post","link":"https:\/\/www.purdue.edu\/newsroom\/2023\/Q4\/purdue-iu-to-collaborate-on-analysis-of-indianas-500-million-economic-development-efforts","title":{"rendered":"Purdue, IU to collaborate on analysis of Indiana\u2019s $500 million economic development efforts"},"content":{"rendered":"

WEST LAFAYETTE, Ind. —<\/p> \n

The Purdue Center for Regional Development<\/a>, as part of the Office of Engagement, and the Indiana University Public Policy Institute<\/a> will collaborate on a multiyear project to examine the economic and community impact of Indiana\u2019s nationally recognized, $500 million Regional Economic Acceleration and Development Initiative.<\/p>\n<\/div>\n\n\n

Launched by Gov. Eric Holcomb, the READI program has awarded more than $487 million of the initiative\u2019s original $500 million to accelerate strategic investments in 17 regions that represent all 92 Indiana counties. These funds will match additional public, private and nonprofit dollars, totaling an expected $12.2 billion invested in Indiana communities, talent and innovation.<\/p>\n\n\n\n

The project will assess the first iteration of the READI program, from its inception in 2021 through December 31, 2026, to produce key performance indicators and other program insights, including population growth, per capita income and economic impact analyses, for the Indiana Economic Development Corp.<\/a> (IEDC), which administers READI. The IEDC will allocate $1.69 million over nearly four years to this project to monitor the state\u2019s growth in key areas that contribute to the quality of life of Hoosiers. <\/p>\n\n\n\n

\u201cWhen we announced the READI grant program, we knew it had the potential to have a generational impact across every region and further accelerate population and economic growth throughout Indiana,\u201d said David Rosenberg, Indiana secretary of commerce and CEO of the IEDC. \u201cThis partnership with Purdue and IU will put additional data behind these investments in quality of place, quality of life and quality of opportunity, highlighting the significance of each project and program and the state\u2019s unprecedented investment as a whole. Together, we can illustrate Indiana\u2019s commitment to and progress toward creating nationally recognized, vibrant destinations that retain and attract top talent.\u201d<\/p>\n\n\n\n

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Additional Information<\/span><\/h2>\n \n <\/div>\n\n