Group Pitches for Econ. Development Grant

Local News

Local economic development officials, putting the finishing touches on their pitch to get a piece of an 84-million dollar pie.

President and CEO of the Economic Development Coalition of Southwest Indiana, Greg Wathen, says the proposals for the regional cities initiative are due Monday.

Backed by Governor Mike Pence, the initiative will grant 84-million in state funding to two regions to develop projects and attract talent.

Southwestern Indiana includes Vanderburgh, Warrick, Posey and Gibson counties.

Part of the pitch includes showcasing projects that can help spur economic development, like the IU Medical School downtown.

“It’s a different way of approaching and probably the way we have to approach economic development in the future of creating this better quality of place to attract and retain talent. If you have the talent, it drives new investment coming into the community.”

The state economic development corporation’s selection committee will hear each region’s pitch  in early October.

A final selection is expected late this year.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.