Absent some miraculous revision in the state’s revenue forecast, there will not be another $500 million appropriation for the Regional Economic Acceleration and Development Initiative (READI) program. Even if there was newfound cash, the general consensus is that another round of READI would be premature given the amount of READI 1.0 and 2.0 funds that remain unspent. That said, [...]
SB 377 / Chamber Neutral In 2021, we had READI (the Regional Economic Acceleration and Development Initiative). In 2023, we had READI 2.0. Leading up to 2025, we heard repeatedly that there would be no READI 3.0 and likely little, if any, funds allocated for regional economic development – certainly not another $500 million tranche. Time will tell if [...]
(INDIANAPOLIS) — The Indiana Chamber of Commerce reacts to Governor Holcomb’s remarks in his final State of the State address this evening. Indiana Chamber President and CEO Vanessa Green Sinders: “The Indiana Chamber couldn’t be more excited about and in agreement with several of the themes that emerged from the Governor’s remarks: encouraging collaboration from all sectors, embracing change [...]
There was a great deal of buzz this year about the Regional Economic Acceleration and Development Initiative (READI). It wasn’t if the General Assembly would allocate funds for another round of the program, but rather how much. In the end, lawmakers earmarked $500 million for what they’re calling READI 2.0. After the rosy April revenue forecast, some bill watchers [...]
State leaders approved plans last week to award $500 million to support regional development plans across 17 regions representing all 92 counties. This competitive process considered applications for the Indiana Regional Economic Acceleration and Development Initiative (READI). The total requests tripled the allocated $500 million READI budget as submissions from the 17 regions amounted to more than $1.5 billion [...]
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