READI 2.0
The READI program is a historical opportunity for the state and our region to grow and drive economic growth.
AUGUST 31, 2023
Program announcement and launch.
SEPTEMBER 2023
Region information sessions and question period through September 30, 2023.
OCTOBER 13, 2023
IEDC Program FAQs posted publicly.
SEPTEMBER 2023 - FEBRUARY 2024
Regions develop their funding applications; IEDC visits each participating region to see READI 1.0 investments and discuss future vision/strategy.
FEBRUARY 16, 2024
Regional applications due to IEDC.
APRIL 11, 2024
IEDC Board approval of investment commitments / allocations to regions.
MAY - JUNE 2024
IEDC meets with each region to provide feedback on the READI 2.0 applications and begins discussions about program next steps.
READI 2.0 was created by P.L. 201-2023 and received a $500 million appropriation to support investments in capital and infrastructure projects that will stimulate population growth across the state.
Indiana Economic Development Corp. (IEDC) Assistance
The IEDC will provide financial commitments to regions that submit an application for grants or loans from the fund to implement their Regional Economic Acceleration and Development Strategy, as defined by Indiana Code 5-28-43-6 (the “Application”).
READI 2.0 will function much like the first iteration of the initiative and will include competitive grant and/or loan commitments being made to regions that submit an application to the IEDC in the form of a visionary investment strategy/plan.
About Southern Indiana Housing and Community Development Corporation (SIHCDC)
Southern Indiana Housing and Community Development Corporation (SIHCDC) the coordinating entity for the South Central Indiana Talent Region. SIHCDC is a non-profit, 501(c)3 organization that functions as a regional Community Development Corporation for rural communities, with a mission to assist communities in housing, economic and redevelopment efforts in the Indiana Counties of Bartholomew, Decatur, Dearborn, Henry, Jackson, Jennings, Lawrence, Morgan, Ripley, Rush, and Scott. To assist with that mission, the agency has agreed to serve as the lead applicant for the South Central Indiana Talent Region READI proposal.
More info at: www.sihcdc.org.
READI 1.0 Regional Development Plan
Regional Development Plan (2021)
Review the South Central Indiana Talent Region’s 2021 Development Plan.