Indiana Ag Connection - Place-Based Investment Funds Available

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Place-Based Investment Funds Available
Indiana Ag Connection - 02/10/2016

Lt. Governor Sue Ellspermann announced that the Indiana Office of Community and Rural Affairs (OCRA) and the Indiana Office of Tourism Development (IOTD) have launched the latest round of the Place Based Investment Fund (PBIF) which gives cities and towns throughout Indiana the opportunity to apply for grants to support community and economic development projects that focus on furthering quality of place initiatives.

PBIF offers communities the chance to apply for $20,000 to $50,000 through the competitive application process to fund creative projects that build upon the qualities of place that will make their local community even more attractive for visitors and residents.

"PBIF encourages community collaboration towards creating a quality of place where people want to live, work and raise a family," said Lt. Governor Ellspermann who oversees both IOTD and OCRA. "These placemaking projects have a profound impact on attracting businesses, visitors and residents to our cities and towns which ultimately impacts the economic success of these communities and our state."

PBIF, now in its fourth year, is a competitive matching grant program targeted towards communities promoting quality of life, improved tourism experiences and developing multi-purpose gathering places.

In the second 2015 funding round, the Town of Brownstown, City of Decatur, Town of Middlebury, City of New Castle, Town of New Haven, Owen County and Vigo County each received grants to fund parks, public venues and other quality of place projects.

For information on the Place Based Investment Fund (PBIF), visit www.in.gov/ocra/pbif.

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