PRESS RELEASE – March 10, 2016
Governor Pence Applauds Full Funding of Three Indiana Regional Development Plans
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 – North Central, Northeast and Southwest – as part of the Indiana Regional Cities Initiative.
“Since day one of this administration, we’ve made job creation job one, and the results speak for themselves,” said Governor Mike Pence. “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.”
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