Lt. Governor Suzanne Crouch announces the Indiana Office of Community and Rural Affairs (OCRA) and the Indiana Office of Tourism Development (IOTD) have launched a third round of the Place Based Investment Funds (PBIF). This program is an opportunity for all Indiana communities to apply for grant funding to support community and economic development projects that focus on furthering unique crowd gather experiences and enhancing specific quality of place initiatives.
PBIF is a competitive matching grant program that furthers Indiana communities in becoming even better places to visit, live, work, and thrive. The program strives to assist communities in promoting quality of life, improving tourism experiences, and developing multi-purpose gathering places. A priority of the application is to inspire and incentivize collaboration between a broad array of community and county-wide institutions. The partnership between the two state agencies demonstrates the collaborate nature of the program and sets forth an example of the dynamic impact of how partnering can positively impact a community.
PBIF offers communities the chance to apply for $20,000 to $50,000 through the competitive application process. This program will fund creative projects that build upon the unique assets and community specific vision that will make their local community more attractive for visitors and residents.
Eligible projects must also:
1. Enhance the community in ways that promote visitation and increase the desirability of living and investing in the community;
2. Significantly enhance existing assets into distinctive and special places for a community; and
3. Include a partnership of a least two of the following:
- community foundations
- convention and visitor bureaus
- economic development organizations
- Indiana Main Street organizations
- local units of government
- public or private schools
“One of the primary ways OCRA fulfills its mission is through the Place Based Investment Fund by improving the quality of place in Indiana’s communities. PBIF will serve and benefit local citizens for years to come.” said OCRA Interim Executive Director Mark Wuellner.
"This fund was designed to reward creativity and community ingenuity and the winning projects will be excellent examples of those qualities. I continue to be impressed by the proposals we receive each year, and am excited to see them put into action.” added IOTD Executive Director Mark Newman.
Previously funded projects are no indication of competitiveness for the current round. Creativity is encouraged, so past projects should not inhibit ingenuity. The Place Based Investment Fund has helped to fund projects such as pier construction, gathering spaces, redesign and reuse of existing sports facilities, plazas, amphitheaters, river front development into public recreational space, and many more.
For more information on the Place Based Investment Fund, how to apply, eligibility, and frequently asked questions, please contact your OCRA Community Liaison or visit www.in.gov/ocra/pbif.
Applications are due on Friday, July 14, 2017 by 4:00 p.m. Eastern.
Funded projects will be announced on August 3, 2017.
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