Regional Cities Funding Bill Passes House

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After weeks of discussions the Indiana General Assembly wraps up Thursday night. Several bills are heading to the governor’s desk – including funding for the Regional Cities Initiative.

The House passed the measure 91 to 5 after the Senate passed it earlier in the day.

Last December, Southwest Indiana was among the regions selected to receive $42 million for development projects.

The legislature initially approved two regions to receive $42 million each, but three were selected. Lawmakers paired the extra $42 million with $1 billion to repair state roads and bridges for the next two years.

The measure now awaits Governor Mike Pence’s signature.

Governor Mike Pence and the Indiana Economic Development Corporation (IEDC) applaud the Indiana General Assembly for approving full state match funding at $42 million each for three Indiana regional development plans. 

Governor Pence release the following statement:

“Since day one of this administration, we’ve made job creation job one, and the results speak for themselves. Indiana has added 140,500 private sector jobs over the last three years, and the state’s unemployment rate is at a 15-year low. We have established Indiana as the best place to do business, and now we must become a global destination for talent.”
 
“As we move into Indiana’s third century, it is imperative that we help accelerate the transformation of our regions into nationally recognized places to live, work and play. Last year, the Indiana Regional Cities Initiative sparked unprecedented collaboration across the state that resulted in bold and visionary regional development plans comprising 70 percent of the state’s population.” 
 
“It is essential that we support and encourage the implementation of these plans, notably in North Central, Northeast and Southwest Indiana. Together, these regions are expected to invest more than $2 billion in combined private and public investments. At a total of $126 million in state funding, each state dollar is expected to yield $15 invested directly into our communities, and that is a tremendous value for the state.”
 
“I thank Indiana lawmakers for helping this initiative get off the ground last year and for allocating an additional $42 million to the Indiana Regional Cities Initiative, giving Hoosiers the tools to transform our regions and attract top talent for generations to come.” 
Beth McFadin Higgins, president of the Southwest Indiana Regional Development Authority, released this statement: 
“With the passage of the legislation to fully fund three regions as part of the Regional Cities Initiative, we are humbled by the faith the Indiana General Assembly and Governor Pence have placed in Southwest Indiana and we are committed to achieving the transformational goals outlined in the Indiana’s Great Southwest strategy.”

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