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Indiana is adding $500 million to its coffers and the Lilly Endowment is throwing in $250 million for community and economic development programs designed by communities themselves, the Columbus Republic reports.
The state is investing the money in the Regional Economic Acceleration and Development Initiative, or READI, program, which has already produced big results locally with more to come from the first round of grant funding.
Meanwhile, local officials have submitted proposals with more ambitious plans for this year's READI 2.0 program.
Among the biggest-dollar projects, leaders in our region are asking for a grant to help fund development of a potential vehicle innovation center at the former Walesboro airport.
Because so many people in our region are employed in transportation-related industry, it's hard to think of a project with more potential immediate and long-term economic impact.
In Columbus, you can see evidence of READI's first-round grant impact in NexusPark on the site of the former FairOaks Mall.
The new fieldhouse, community gathering space, and home of Columbus Regional Health professional offices got a major boost from a $6 million READI grant awarded in December 2021.
That project was part of $30 million in first-round READI grants to our region, which includes Bartholomew, Jackson, and Jennings counties,
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Foundation: Ford Motor Company Fund
The Ford Motor Company's philanthropic arm is getting a new name: Ford Philanthropy. The rebranding reflects Ford's 75-year legacy of "driving impact in Ford communities around the world," says...more
The winner of this year's Sustainova Startup Challenge in Saudi Arabia has a message for the rest of the world: "If you want to save the planet, you have to start now." The startup contest,...more
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Foundation: Gates Foundation
One of the world's richest men is pushing to make Hong Kong a "philanthropic hub" in the region. The city's chief executive, Leung Chun-ying, says he wants to make it "a bridge between China and...more
A Joplin, Mo., high school's science program is going to be able to keep going thanks to a $5,000 grant from the American Water Charitable Foundation. The money will be used to fund future...more
The National Science Foundation held a "quantum technology showcase" on Capitol Hill this week to highlight research funded by the federal government into things like quantum computing and...more
Illinois American Waterthe largest regulated water and wastewater utility in the USis making a splash in its home state with a $200,000 donation to help clean up the Ohio River. The utility has...more
If you're a teen in Lenawee County, Mich., and you love giving back to your community, you may want to consider becoming a member of the Lenawee YOUTH Council. The council, a program of the...more
Sam Walton's grandson has raised $600 million for his climate-focused investment firm, S2G, the Chicago Tribune reports. According to Forbes, 37-year-old Lukas Walton is worth an estimated $27.8...more
Social Entrepreneurship
Spotlight
Social Enterprise: Reaching Out to the Private Sector for Help
John Converse Townsend, a Forbes contributor, shares what can the private sector do for a social enterprise. He encourages social enterprises to reach out to corporations for help to scale up their businesses.
