Gov. Holcomb Awards READI 2.0 Funding; SEI READI to Receive $10M

READI 2.0 increases state’s total READI investments to $1B with continued focus on growing talent and population across the state

INDIANAPOLIS – Governor Eric Holcomb today announced plans to award $500 million in READI 2.0 funding.

The funding, which was made available through the expansion of the Indiana Regional Acceleration and Development Initiative (READI), will go to 15 regions representing all 92 counties to support quality of place and quality of life initiatives statewide.

SEI READI Inc. is being allocated $10 million in funding to leverage the region’s natural resources and unique qualities to grow economic vitality, population, and generational prosperity through strategic investments in housing, cultural amenities, infrastructure, targeted industries, and childcare systems.

Accelerate Rural Indiana (ARI - coalition of Batesville, Greensburg, Rushville and Shelbyville along with Decatur, Rush and Shelby counties) will receive $30 million from the state to solidify Interstate 74’s southeastern corridor as a top destination for talent. ARI will receive over $300 per capita of READI 2.0 investment which is the largest per capita READI investment in the state. This historic investment into one of only two exclusively rural/rural-mixed regions in Indiana will accelerate growth along the I-74 corridor and reimagine one of Indiana’s greatest assets – its rural frontier.

“Indiana is leading the way in future-focused investments in our economy and in our communities, ensuring that all Hoosiers of today and tomorrow have the opportunity to prosper,” said Gov. Holcomb. “READI has already resulted in more than $12.6 billion invested in quality of place and quality of life assets. The second iteration of the initiative – READI 2.0 – along with additional committed investments from the Lilly Endowment, will bring billions more to Hoosier neighborhoods, preparing communities, industry and talent for the next generation and beyond.”

See proposals from all 15 regions that received funding here.