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University of Saint Francis and Trine University Projects Recommended for Regional Cities Funding

June 21st, 2016

FOR IMMEDIATE RELEASE:

June 21, 2016

 

University of Saint Francis and Trine University Projects Recommended for Regional Cities Funding

 

FORT WAYNE, Ind. – The Board of the Northeast Indiana Regional Development Authority (RDA) met today to consider a request for Regional Cities Initiative funding for projects submitted by University of Saint Francis (USF) for the Downtown Campus and Trine University for the Thunder Ice Arena.

The Board voted to support USF’s funding request of $2.8 million, 20 percent of the project’s cost, and Trine’s request of 2.8 million, 15 percent of the project’s cost.

The Board’s recommendation now goes to the Indiana Economic Development Corporation (IEDC) for review and final approval to receive funding.

The RDA is responsible for disbursement of the $42 million in funding granted to the region through the Regional Cities Initiative established last year.

The purpose of the Regional Cities Initiative funding is to attract and retain talent by providing financial support for game-changing quality of place projects that will increase economic growth, lead to population growth, and enhance the region’s national brand identity. Northeast Indiana won the Regional Cities grant last year with its Road to One Million Plan that outlines more than 70 projects and $1.5 billion in investment over the next 10 years.

“The projects brought forward by the University of Saint Francis and Trine University are two very strong projects that directly advance the Road to One Million plan. These are exactly the kind of innovative projects for which the Regional Cities Initiative is designed. We are creating a place people want to live and work. These projects serve as the catalyst we need to spur development in our regional downtowns,” said RDA board chairman Jeff Turner, senior vice president of Metal Technologies.

The Northeast Indiana Regional Partnership, which helped lead the effort to secure the Regional Cities Initiative funding, also provides staffing support to the RDA.

“As we look to attract more talent and support our mission to increase educational attainment to reach the Big Goal, it is critical to work collaboratively with our regional universities,” said John Sampson, president and CEO of the Northeast Indiana Regional Partnership. “If we are committed to tripling our population growth rate over the next few years, we need these types of tenacious projects to get us there.”

In addition to recommending funding for the two projects, the Board also heard proposals from the DeKalb County YMCA and the Embassy Theatre.

To find out more about the Road to One Million Plan and the Regional Cities Initiative, go to www.neindiana.com/regionalcities.

About the Northeast Indiana Regional Partnership

The Northeast Indiana Regional Partnership was formed in 2006 to help build a globally competitive economy in Northeast Indiana. It is a public-private partnership focused on generating business leads and building regional capacity through product development and effective regional collaboration. In 2010, the Partnership launched Vision 2020 to bring the region together around five key areas for economic growth: 21st Century Talent, Competitive Business Climate, Entrepreneurship, Infrastructure and Quality of Life. Through its combined efforts in business development and capacity building, the Partnership supports its 11 member counties: Adams, Allen, DeKalb, Huntington, Kosciusko, LaGrange, Noble, Steuben, Wabash, Wells and Whitley counties. For more information, visit www.neindiana.com

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MEDIA CONTACT:

Courtney Tritch
Vice President of Marketing
Northeast Indiana Regional Partnership
260.469.3460
courtney@NEIndiana.com

 

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