Gov. Mike Pence recently allocated a total of $84 million in the 2016-17 budgets to help fund the Regional Cities Initiative. Led by the Indiana Economic Development Corporation, the plan will take what the organization learned by consulting 11 economically successful cities of varying sizes in the U.S. to help Indiana’s regions develop their own approaches to increasing economic growth.
While the state is helping, each region will be allowed to autonomously craft its own approach — and define what areas each region encompasses, for that matter.
I had the privilege of writing about this innovative concept in our latest BizVoice magazine. State officials hope this will help Indiana’s cities and nearby rural areas thrive by enhancing many factors, most notably “quality of place.”