READI Program Timeline Updated
Timeline Adjusted for READI Program
The Indiana Economic Development Corporation (IEDC) extended the deadline for regions to submit their Regional Development Plans, which will serve as the application for Regional Economic Acceleration and Development Initiative (READI) program funding.
Through this initiative, Northeast Indiana's 11 counties are working together to create a shared vision for their future, mapping out the programs, initiatives and projects that are critical to retain talent today and attract the workforce of tomorrow.
The Northeast Indiana Regional Development Authority (RDA) formally notified IEDC of the region's intent to apply for READI Program funding on behalf of the Northeast Indiana region.
Although the deadline for inclusion in Northeast Indiana's Regional Development Plan has passed, the Northeast Indiana RDA is still accepting proposals for projects or programs that wish to be considered for funding in the future.
Updated Timeline from the IEDC
May-July 2021 | Indiana communities define regions
Indiana counties, cities and towns are encouraged to coordinate and self-identify their proposed regions. During this time, the IEDC will host READI informational meetings across the state to detail the initiative and guidelines for regional development plans. Communities will have until July 1, 2021, to define their region and notify the IEDC of their intent to seek funding through READI. Regions will submit this notification via an online form, located in the links section.
July-September 2021 | Regions develop strategic plans
Regions will convene a broad, diverse group of stakeholders, including major employers and other anchor institutions, education partners, economic development professionals, philanthropy partners, and its elected officials, to create a regional development plan that outlines the current state of the region, its vision for the future and a game plan to invest in its growth and prosperity.
The IEDC will provide planning grants up to $50,000 to support this effort, and regions will have until September 30, 2021, to submit regional development plans, which will be made available to the public. Detailed guidelines for regional development plans are available in the downloads section.
October-November 2021 | Committee reviews regional applications
The IEDC board of directors will form a READI review committee to evaluate regional development plans. Each region will have the opportunity to present its vision, goals and strategies that will positively impact the area’s quality of place and quality of life, innovation, entrepreneurship, and talent attraction and development. The committee will establish criteria to evaluate the plans and will host a series of review meetings that will be open to the public.
December 2021 | State finalizes funding decisions
The review committee will make funding recommendations to the IEDC board of directors. Once approved, the IEDC will award READI funding to selected regions to advance implementation of the projects and programs designed to catalyze economic growth and talent development in Indiana.
For more information on Northeast Indiana's READI process or proposal, visit the Northeast Indiana Regional Development Authority (RDA) website.Learn more about READI