LOUISVILLE, Ky. (WDRB) – Five counties in southern Indiana are expected to receive $ 50 million in federal funds for a range of projects from nature trails to affordable housing.
The funding announced this week by Gov. Eric Holcomb would be part of a larger mix of public and private money being considered for 21 ideas in Clark, Floyd, Jefferson, Scott and Washington counties. It comes from the US bailout’s coronavirus relief program, which Congress approved earlier this year.
âWe couldn’t be more excited. It’s a very historic moment and one we honestly didn’t miss, âsaid Dana Huber, president of Our Southern Indiana, the regional development authority that submitted the proposal.
She said advice from the Indiana Economic Development Corp. which are expected early next year will help “determine more precisely where we start”.
But state officials want federal funds to be no more than 20 percent of project costs, said Wendy Dant Chesser, a member of the authority’s leadership. Dant Chesser is also President and CEO of One Southern Indiana Chamber of Commerce.
The $ 50 million grant is a fraction of the projects’ combined $ 1.1 billion price, according to the proposal. This means that private and other public funds will be needed to complete the work of each project.
For example, using $ 2.9 million of recently approved funds for an early years center and workforce training program at the River Ridge Commerce Center in Jeffersonville would represent about 4% of the overall cost. of $ 74.9 million.
Among the projects that federal funds would support include a $ 192.5 million mixed-use development in Clarksville; the 110-acre first phase of Origin Park along the Ohio River; a new road connecting River Ridge and Interstate 65; and a youth sports complex in Scott County.
Other counties in southern Indiana also received funding this week. Projects in Bartholomew, Jackson and Jennings counties were approved for $ 30 million, while Harrison County was among a group of five counties that will get $ 15 million for its proposals.
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