The Indiana Economic Development Corp. has announced the grant recipients in the $500 million Regional Economic Acceleration and Development Initiative. The IEDC Board of Directors has approved recommendations to provide grants to all 17 regions representing every Indiana county, including five regions receiving the maximum $50 million allocation. The state says a total of more than 800 projects were proposed across all regions, which could lead to more than $15 billion in total matching investments.

In an interview with Inside INdiana Business, IEDC Senior Vice President of Community Affairs Mark Wasky said community engagement in the program was key to its success.

“We know how important a focus on investing in quality of place is in our ability to continue our economic growth,” said Wasky. “So, helping regions across the state, hopefully touching every community in Indiana, is really exciting for us in terms of the potential that it can bring.”