Regional Cities recommends three projects
Posted: Friday, December 16, 2016
The Northeast Indiana Regional Development Authority (RDA) board is recommending Regional Cities Initiative funding for projects in Huntington, Adams and Steuben counties. All three projects and the RDA’s approval will now be reviewed by the Indiana Economic Development Corp. for final approval.
In downtown Huntington at the corner of Franklin and Warren Streets, the United Brethren Block group will partner with Huntington University and Pathfinder Services to develop space to foster innovation and entrepreneurship. The development will also include 35 market rate apartments above the facility. The project was awarded a $1.6 million grant from the Regional Cities Initiative, about 20 percent of the $8 million total cost. The UB/Odd Fellows complex, which consists of three interconnected buildings on the courthouse square in Huntington, was once listed as one of Indiana Landmarks’ most endangered places. The project will develop a space the RDA says will foster a “community of innovation and entrepreneurship for people of all abilities.”
The South Adams Trails project in Adams County will reconstruct two iron rail bridges that will connect trails across the Wabash River. Developers are seeking nearly $498,000 of the total $3.6 million cost.
In Steuben County, the Enterprise Center project is requesting $323,000, which is 17 percent of the $1.9 million total cost. The project will transform a 70,000 square-foot, five-building area near downtown Angola into spaces for offices, business incubators, co-working and industrial training. The RDA says the project will help meet the workforce needs of regional employers.
The RDA board also heard presentations for more projects in Allen and LaGrange counties, though no recommendations have yet been made. The organization says, to date, it has recommended more than $120 million in funding to the IEDC, including more than $71 million in private investment.