The Regional Cities Initiative is a program within Indiana counties that aims to attract talent through quality-of-place initiatives and improve skilled worker retention.
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Initiative
The Regional Cities Initiative is an Indiana state initiative designed to attract new talent to the state of Indiana. The initiative fosters regional collaboration between stakeholders and local communities. Each region pursuing the initiative established their own Regional Development Authority (RDA), all under the Indiana Regional Development Authority Statute. The Indiana RDAs were created to manage the Regional Cities Initiative which looks to empower two selected regions with $42 million each for designated projects that would help attract and retain worker talent, help Indiana compete nationally and supply funds for quality-of-place projects. The Regional Cities Initiative was established in 2015 by the Indiana Legislature and driven by Indiana Governor Mike Pence and the Indiana Economic Development Corporation (IEDC).
Two Regional Cities will be selected to receive a combined total of $84 million. In the initiative, two House Acts were submitted: House Enrolled Act 1403 and House Enrolled Act 1001, which were enacted when the Indiana Regional Cities Initiative was signed into law on May 7, 2015.
House Enrolled Act 1403
The Indiana House Act 1403 created the Indiana Regional City Fund, to be administered by the IEDC. The fund provides grants and loans to regional development authorities. It requires that applicants be regional development authorities, and expands the range of municipalities that are eligible to establish a development authority.
House Enrolled Act 1001
The Indiana House Act 1001 established the Indiana Regional Cities Development Fund and provided the IEDC with the authority to spend $84 million for the Regional Cities Initiative. Included in the Act is authorization for the Department of Revenue to conduct a tax amnesty program. The first $84 million of all revenue generated through the tax amnesty program must be deposited into the Indiana Regional Cities Development Fund.
Results and Three Indiana Cities Selected
On 15 December 2015, the Governor of Indiana, Mike Pence and the Indiana Economic Development Corporation (IEDC) Board of Directors announced the approved plans presented by regional development organizations in North Central, Southwest, and Northeast Indiana. Each region will need approval from the state legislature on each area of their plans but they may receive up to $42 million (US) in state-matching funds. The first $84 million of all revenue generated through the tax amnesty program was increased to $126 million allowing three regional cities to be selected instead of the initial two the first draft of the Regional Cities Initiative outlined.
The plans presented by each Indiana region in October were: