INDIANAPOLIS - Indiana Governor Eric Holcomb announced the launch of the Indiana Regional Economic Acceleration and Development Initiative.

This is a transformational initiative that will dedicate $500 million in state appropriations to promote strategic investments that will make Indiana a magnet for talent and economic growth. READI is expected to attract at least $2 billion in match funding that will propel investment in Indiana’s quality of place, quality of life, and quality of opportunity.

Through this initiative, the state will encourage neighboring counties, cities and towns to partner to create a shared vision for their future, mapping out the programs, initiatives and projects that are critical for them to retain talent today and attract the workforce of tomorrow. The Indiana Economic Development Corporation will award up to $50 million per region to support the implementation of strategies.