Economic development officials are accepting proposals for the next round of READI funding. WNIN’s John Gibson has details:
The Evansville Regional Economic Partnership wants to hear from economic development projects happening in Gibson, Posey, Vanderburgh, and Warrick counties that are interested in a share of $45 million via READI 2.0.
E-REP says applications are open to any capital or infrastructure project that advances regional goals of population growth, higher-paying jobs, workforce development, improved health outcomes, or efforts to lessen the number of households in poverty.
The project must also meet funding thresholds of at least 60% private funding, 20% local or federal funding, and up to 20% in READI funds.
E-REP says the READI 2.0 program builds upon the success of its predecessor, which supported a comprehensive riverfront strategy for Vanderburgh, Warrick, and Posey counties, and workforce housing in Gibson County.
The new application process runs until the end of the year.
All projects funded by READI 2.0 must be completed by the end of 2028.