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Indiana Office of Community & Rural Affairs

OCRA > Place Based Investment Fund (PBIF) Place Based Investment Fund (PBIF)



The PBIF program is a competitive matching grant program administered as a partnership between OCRA and the Indiana Office of Tourism Development that supports community and economic development projects across the state. Initiatives that promote quality of life, improve tourism experiences and develop multi-purpose gathering places are specifically targeted for this grant program.

Performance-based quality of place initiatives that maximize investment and collaboration by local governments, economic development organizations, convention and visitor bureaus, Indiana Main Street organizations, public or private schools and community foundations are the intended recipients of these grants. The aim of the program is to provide funding opportunities for unique projects and programs that seek to create jobs and further establish a diverse local, regional and state economy.

If interested in PBIF, we strongly encourage you to contact your Community Liaison, as they can be great resources in helping you to achieve your goals for community and economic development. 

PBIF Information Sheet

Important 2016 Dates

  • August 1: Application opens
  • August 26: Letters of Intent (LOI’s) due to by 4p.m. EDT (Indianapolis) time- you must complete an LOI in order to be eligible to submit an application
  • September 30: PBIF applications due in office by 4 p.m. EDT
  • October 27: PBIF funded projects announced

How to Apply


  • Letter of Intent:  A Letter of Intent (LOI) is required for each organization interested in submitting an application.  The LOI and instructions for completing it can be found at the bottom of this page in the Resources section or by contacting your OCRA Community Liaison.  While we highly recommend you complete all or as much of the LOI as possible, only the signed letter stating your intent is required.  Once reviewed, your OCRA Community Liaison will schedule a time to provide feedback to you. We encourage you to make the suggested adjustments prior to your final application submission.
  • Application: Applications must be received in the office no later than 4pm, Indianapolis time, Friday, September 30,2016. Applications can be delivered in person or mailed to:
              1 North Capitol, Suite 600, Indianapolis, IN 46204

            All applications are submitted to OCRA via four (4) hard copies and one digital file. 
            Application to be received by the office will consist of:  
                 4 Hard Copies

                                    1 with original signatures
                                    3 copies-clearly legible        
                 1 Digital File (jump drive or disc) complete with full application    

            Applications MUST be received, in office, by 4:00 p.m. EDT on Friday, September 30, 2016.

Pre-application and LOI questions should be directed to your OCRA Community Liaison or reference the PBIF FAQ in the Resources section.

Applicant Eligibility

  • A partnership of at least two of the following: local units of government, economic development organizations, convention and visitor bureaus, Indiana Main Street organizations, public or private schools, and community foundations
  • Bonus points awarded for engaging youth in the design and implementation of the project
  • Cannot have received a PBIF in their community since January 1, 2013

For a list of previously funded, ineligible communities, click here or see the resources tab.

Project Eligibility

  • Unique projects must add to qualities of place that are attractive to residents and visitors alike
  • Must add to qualities of place that are attractive to residents and visitors alike
  • Should be multi-purpose, non-traditional, crowd-building venue, or unique gathering places that significantly enhance existing assets into distinctive and special places for a community
  • Must have a 1 : 1.5 match with a minimum of 1:1 being cash match and the other 0.5 comprised of eligible in-kind and cash

Funding and Distribution

  • Grant requests must be between $20,000 and $50,000
  • Federal and other state funds may not be used as local matches
  • Each partner must contribute either financially or in-kind and provide required documentation in the application