READI 2.0 application open to capital and infrastructure projects advancing regional goals
EVANSVILLE, Ind. (June 12, 2024) – The Evansville Regional Economic Partnership (E-REP) announces a call for economic development projects happening in the Evansville Region that are interested in READI 2.0 funding. The application is open to any capital or infrastructure project that would advance regional goals of population growth, new higher-paying jobs and workforce development for jobs of the future, improved health outcomes, or efforts to lessen the number of local households in poverty. The project must also meet funding thresholds of at least 60% private funding, 20% local or federal funding, and up to 20% in READI funds.
The READI 2.0 program builds upon the success of its predecessor, READI 1.0 which has already supported over 20 transformative projects, including workforce housing in Gibson County and a comprehensive riverfront strategic plan spanning Warrick, Vanderburgh, and Posey counties. In April of this year, the Evansville Region was awarded an additional $45 million dollars in READI 2.0 funds.
“READI funds will further strengthen and build resilience in Gibson, Posey, Vanderburgh, and Warrick Counties. We are eager to learn about projects that address critical challenges, capitalize on opportunities, and enhance the overall appeal of the Evansville Region,” said Josh Armstrong, Chief Economic Development Officer of E-REP. “We appreciate the support of Governor Holcomb and the Indiana Legislature in appropriating these funds and look forward to working with the Indiana Economic Development Corporation in putting these dollars to work in our four-county region.”
READI 2.0 Timeline & Information:
- June 4, 2024: Official READI 2.0 Application open.
- June 4, 2024 – December 31, 2026: E-REP, alongside The Southwest Indiana Regional Development Authority will review applications and obligate funds until all $45 million is obligated to projects
- December 31, 2028: All projects funded by READI 2.0 must be completed in their entirety.
E-REP and the Regional Development Authority (RDA) will lead the application process alongside strategic partners to further enable the region’s TALENT EVV community vision. E-REP will share READI 2.0 updates and opportunities to the region and encourages all interested parties to visit the E-REP website to sign up for READI email updates.
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About the Evansville Regional Economic Partnership
The Evansville Regional Economic Partnership (E-REP) leads economic development efforts for the Evansville, Indiana region and elevates the overall quality of life through transformational projects, planning, advocacy, and business engagement. Additionally, E-REP supports the attraction, startup, and growth of regional businesses.