17 regions presented gameplans to the Indiana Economic Development Corporation with $500 million in READI funds on the line to help fund and bring investment to attract residents and businesses.
On Tuesday, the grants were unveiled. The Accelerate Rural Indiana group, which included Shelbyville and Shelby County, will receive $20 million.
Shelby County Development Corporation Executive Director Brian Asher.
$20 million is a lot of money. But it's far from the maximum of $50 million available. Five regions received the max including a region of northwestern Indiana and clusters in the Evansville, Fort Wayne, South Bend and New Albany areas.
Asher says the partners in the Accelerate Rural Indiana region will now meet to address how to use those funds.
The 70-40 Greater Mt. Comfort Corridor, led by the Hancock County Economic Development Council featuring Hancock and Marion counties received $5 million.