The Northwest Indiana Forum Foundation and the Indiana Economic Development Corporation (IEDC) have approved La Porte County for one of 34 projects selected for a READI Grant.
The Northwest Indiana Forum spearheaded the efforts to secure $50 million in READI grant funding. These selected projects have an additional $550 million of matched spending that will spur development and growth in Northwest Indiana. The Northwest Indiana Forum represents Lake, Porter, La Porte, Newton, Jasper, Starke and Pulaski Counties.
The La Porte County Redevelopment Commission proposed project has met all the necessary requirements to receive READI grant funding.
The Kingsbury Industrial Park Rail Road Bridge in La Porte County was the project presented by the Redevelopment Commission. The county has been awarded $601,600 in READI Funds for a total investment of $4,477,600.
The Railroad Bridge Improvement project is a continuation of public and private investment in the Kingsbury Industrial Park (KIP), which is an existing industrial park with approximately 50 businesses in operation and over 2,000 acres available for industrial and logistics development. Upon completion, CN Railroad will have an active switch and access to all of the new and existing rail improvements in the park.
The $500 million READI fund was passed by legislation in 2021. More information is available at IndianaREADI.com.
