READI 2.0 | South Bend – Elkhart Region

Welcome

South Bend - Elkhart Region

Welcome to the South Bend - Elkhart region's READI 2.0 landing page. You will learn about the READI 2.0 process (Regional Economic Acceleration and Development Initiative). You may also find updates regarding the status of READI 2.0 & 1.0 for the region (made up of Elkhart, Marshall, and St. Joseph counties).

We are excited to share that Indiana Economic Development Corp. (IEDC) awarded $45 million in funding to our region on April 11, 2024. The Northern Indiana Regional Development Authority (RDA) will begin its local project selection process during summer 2024 with anticipated project awards in late Q3 or early Q4 2024. The RFP for READI 2.0 funding can be found here.

Please see FAQs for more information. In READI 2.0, only capital projects are eligible for funding. More information can be found at IEDC’s 2.0 READI resources.

If you are looking for information on the LEI Redevelopment & Arts Initiative, please click here. You will find IEDC’s FAQs and IEDC application materials there. All LEI funding requests must be made via the region. 

If you have a specific question that was not answered on any of our webpages, please contact the READI team through the form below.

TIMELINE

READi 2.0

February 16, 2024

Regional applications due to IEDC. Click here to see the South Bend - Elkhart region's application.

April 2024

The South Bend - Elkhart region was awarded $45 million in READI 2.0 funds.

July 16, 2024

The READI 2.0 RFP is released and online submission portal opens.

July - August, 2024

The South Bend - Elkhart Regional Partnership is holding workshops for READI 2.0 applicants. Attendance at one is required.

St. Joseph County: July 30, St. Joseph County Public Library Community Learning Center – Register Here
Marshall County: August 6, The REES Theatre – Register Here
Elkhart County: August 8, Elkhart Health & Aquatics – Register Here

August 30, 2024

READI 2.0 applications due to South Bend - Elkhart Regional Partnership.

September - October, 2024

South Bend - Elkhart Regional Partnership conducts READI 2.0 project due diligence.

October 16, 2024

RDA Board Meeting will include READI 2.0 application project presentations to board

October - November, 2024

RDA will review project applications.

November 20, 2024

The RDA anticipates making initial READI 2.0 awards at its board meeting.

 

READI 2.0 FAQS

  • How do I apply for READI funding?
    The RDA released the RFP on July 16. You can access it here. Applications are due August 30. Applications are submitted through this online portal.
  • How much of my project will READI fund?
    The maximum amount any single project can request is up to 20% of the total project cost. For example, a $1 million project can request up to $200,000. The project must cover the remaining cost.
  • How much public match must my project secure?
    Projects should aim for 1:1 ratio of READI funding to public funding. A $1 million project should aim to secure $200,000 in public funding, for example.
  • Can I retroactively count match funding for my project?
    Eligible match funding can be leveraged from the date the READI 2.0 legislation was approved, in spring 2023.
  • What is the “start date” of READI eligible costs?
    The start date for any potential READI eligible expenditure is February 16, 2024.
  • If my project is awarded funds, how soon would I receive those funds?
    The READI grant is reimbursement-based. Thus, a project will be able to draw down its READI grant award only when it has already incurred eligible expenses. A project will need to demonstrate that it has properly spent the READI funds according to state procurement guidelines.
  • Is there a deadline for having spent all READI award funding and finishing the project?
    All READI eligible spending within the project must occur by December 2028. Projects should commence no later than 2026 and should be completed by December 2028.

 

UPDATES

07.16.24 - Regional READI 2.0 RFP Live Today

The Northern Indiana Regional Development Authority (RDA) and the South Bend – Elkhart Regional Partnership have released the Request for Proposal (RFP) for the South Bend – Elkhart region’s Regional Economic Acceleration and Development Initiative (READI 2.0) award.

A link to the RFP can be found here.
The online submission portal goes live today. Click here to apply.

Applications are due by August 30, 2024. The portal will close at 11:59 p.m. EDT on August 30.

Applicants are required to attend one of three workshops held around the region:
St. Joseph County: July 30, St. Joseph County Public Library Community Learning Center – Register Here
Marshall County: August 6, The REES Theatre – Register Here
Elkhart County: August 8, Elkhart Health & Aquatics – Register Here
Registration will close 48 hours before each event workshop.

07.01.24 - Regional READI 2.0 RFP Launching This Month

The regional READI 2.0 RFP will launch later this month. Similar to READI 1.0, the RDA will release the RFP and host three workshops over the summer. Projects will submit their application through an online portal. See timeline for more detail. The online portal link will be posted on this website. Upon RDA approval, the RFP will be published on this page as well.

04.11.24 - South Bend - Elkhart region awarded $45M in READI 2.0 funds

On April 11, the Indiana Economic Development Corp. (IEDC) awarded the South Bend – Elkhart region $45 million in READI 2.0 funds. The region was one of six awarded $45 million with other awards ranging from $10 million to $35 million.

Click here to view the press release.

02.16.24 - READI 2.0 Application Submitted

On Friday, February 16, the NIRDA submitted its application for READI 2.0 funds to the IEDC on behalf of the South Bend – Elkhart region.
The request was for the maximum allotment of $75 million. The South Bend - Elkhart regional plan focuses on talent attraction and retention, housing, infrastructure, entrepreneurship and innovation, work based-learning, and post-secondary education, with a projected impact of $2 billion in direct economic activity over the next six years for the region.

The IEDC is expected to announce regional recipients in April.

Click here to view the Executive Summary.

11.30.23 - Ramp Up READI 2.0 Workshops

On November 30, 2023, the final workshop to inform the direction of the region's application for READI 2.0 concluded. Throughout the 6 workshops in Plymouth, Goshen, Elkhart, Bremen, Mishawaka, and South Bend, nearly 200 attended, contributing time, energy, and insight, which we are now utilizing to inform the development of the region's application submission to the state.

Here were some of the item's attendees said they want to see developed in the next 5-10 years:

  • Walkability and Trail Connections 
  • Affordable Housing 
  • Childcare 
  • Concert and Entertainment Venues
  • Small Business Incubator / Entrepreneurship 

10.23.23 - READI 2.0 Steering Committee

On October 23rd , 2023, The Steering Committee formed to add input to the READI 2.0 submission process was formed and met for the first of three sessions. For READI 2.0, the members will assist the development of the application by providing a high-level perspective on the development of the application prior to its submission.

Members include:

  • Dallas Bergl, President & CEO, INOVA Federal Credit Union (NIRDA Vice Chair)
  • John DeSalle, Executive Engineer-in-Residence, iNDustry Labs at the University of Notre Dame (NIRDA Chair)
  • Susan Ford, Partner, Graham Allen Partners
  • Greg Hildebrand, President/CEO, Marshall County Economic Development Corp.
  • Levon Johnson, President/CEO, Greater Elkhart Chamber
  • Pete McCown, President, Community Foundation of Elkhart County (NIRDA Member)
  • Rose Meissner, President, Community Foundation of St. Joseph County
  • Kristin Pruitt, President, Lake City Bank (NIRDA Secretary-Treasurer)
  • Jeff Rea, President & CEO, South Bend Regional Chamber
  • Tim Sexton, Associate Vice President for Public Affairs, University of Notre Dame, (NIRDA Member)
  • Chris Stager, President/CEO, Economic Development Corporation of Elkhart County
  • James Turnwald, Executive Director, Michiana Area Council of Governments
  • Linda Yoder, Executive Director, Marshall County Community Foundation

10.15.23 - Ramp Up READI 2.0 Workshop Series

The South Bend Elkhart - Regional Partnership is excited to invite you to be part of the input process for our region’s application for READI 2.0 funding from the Indiana Economic Development Corp. The region’s application is due 2/16/2024. IEDC anticipates announcing regional awards in Q2 2024.

The READI program funds capital projects in service of talent attraction and retention for the region. Past projects include investments in Wellfield Botanic Gardens in Elkhart, Portage Place project in South Bend, and the Marshall County Career Innovation Center.

Please register to attend one of six identical workshops across the region in November. These working sessions will cover:

  • READI 2.0 overview
  • Stakeholder input into the region’s 1-, 5-, and 10-year vision
  • Next steps in the region’s application for funding

Who should attend: municipal partners, developers, entrepreneurs, residents, and those with a passion for our region’s prosperity. The event is free and all are welcome.