The Journal Gazette
Tuesday, January 14, 2020 8:30 pm

Grant requests far outpace available RDA money

SHERRY SLATER | The Journal Gazette

Nine northeast Indiana projects are competing for $250,000 in funding available from the Northeast Indiana Regional Development Authority.

Presenters for four of the nine projects asked for all the money today, during the Regional Development Authority's monthly meeting.

Combined, the grant requests total more than $1.65 million.

"There's going to be some hard choices," said Mike Galbraith, who supports the board as a consultant. "I anticipate there will be some happy projects and some not-so-happy projects."

No decision was made during the meeting. The next meeting is scheduled for Feb. 11, when board members will debate the projects and likely vote.

The Regional Development Authority has distributed more than $40 million of the $42 million in Regional Cities Initiative money it received from the state in 2016. Most of the remainder was spent on administrative costs, including legal fees.

But officials late last year found $250,000 remained in the coffers – money from interest, tax credits and savings on projects already funded.

The deadline to distribute the last of that money is March.

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