5-28-41-15. Application Process
Sec. 15. (a) An eligible regional economic acceleration and development organization may submit an application to the corporation for a grant or loan from the fund. (b) An application for a grant or loan from the fund must be made on an application form prescribed by the board. (c) An applicant shall provide all information […]
5-28-41-16. Policy Framework for a Readi Program; Approval by the Board; Review by the Budget Committee
Sec. 16. (a) Before July 1, 2021, the corporation shall develop a policy that establishes the framework for a READI program. (b) The policy developed by the corporation shall include detailed information outlining: (1) the entities that are eligible to submit applications for a grant or loan from the fund; (2) the elements of a […]
5-28-41-1. “Development Authority”
Sec. 1. As used in this chapter, “development authority” includes: (1) the northwest Indiana regional development authority established by IC 36-7.5-2-1; (2) a regional development authority established under IC 36-7.6-2-3; (3) a regional development authority established under IC 36-7.7-3-1; and (4) the northeast Indiana strategic development commission established by IC 36-7-39-3. As added by P.L.165-2021, […]
5-28-41-2. “Eligible Regional Economic Acceleration and Development Organization”
Sec. 2. As used in this chapter, “eligible regional economic acceleration and development organization” means: (1) a development authority; and (2) a qualified nonprofit organization. As added by P.L.165-2021, SEC.64.
5-28-41-3. “Fund”
Sec. 3. As used in this chapter, “fund” refers to the READI fund established by section 7 of this chapter. As added by P.L.165-2021, SEC.64.
5-28-41-4. “Qualified Nonprofit Organization”
Sec. 4. As used in this chapter, “qualified nonprofit organization” means a private, nonprofit entity formed as a partnership between local units (as defined in IC 4-4-32.2-9), private sector businesses, or community or philanthropic organizations to develop and implement a regional economic acceleration and development strategy that has an organizational structure that conforms with the […]
5-28-41-5. “Readi”
Sec. 5. As used in this chapter, “READI” refers to the regional economic acceleration and development initiative. As added by P.L.165-2021, SEC.64.
5-28-41-6. “Regional Economic Acceleration and Development Strategy”
Sec. 6. As used in this chapter, “regional economic acceleration and development strategy” refers to: (1) a development plan prepared by a development authority under IC 36-7.5-3-4, IC 36-7.6-3-5, or IC 36-7.7-3-4; (2) a comprehensive economic development strategy developed by an eligible regional economic acceleration and development organization; or (3) plans and policies developed by […]
5-28-41-7. Readi Fund; Purposes
Sec. 7. The READI fund is established within the state treasury to do the following: (1) Support the corporation’s READI program. (2) Provide grants or loans to support proposals for economic development and regional economic acceleration and development. As added by P.L.165-2021, SEC.64.
5-28-41-8. Fund Contents
Sec. 8. The fund consists of: (1) appropriations from the general assembly; (2) grants, gifts, and donations intended for deposit in the fund; (3) interest deposited into the fund under section 10 of this chapter; and (4) loan repayments. As added by P.L.165-2021, SEC.64.