For Immediate Release
March 12, 2015
LT. GOVERNOR ELLSPERMANN ANNOUNCES AVAILABILITY OF PLACE BASED INVESTMENT FUNDS
INDIANAPOLIS – Lt. Governor Sue Ellspermann announced today that the Indiana Office of Community and Rural Affairs (OCRA) and the Indiana Office of Tourism Development (IOTD) have launched the latest round of the Place Based Investment Fund (PBIF) which gives communities throughout Indiana the opportunity to apply for grants to support community and economic development projects that focus on furthering quality of place initiatives.
PBIF offers communities the chance to apply for $20,000 - $50,000 through the competitive application process to fund creative projects that build upon the qualities of a place that will make their local community even more attractive for visitors and residents alike.
“The goal of the Place Based Investment Fund is to encourage local collaborations based on visualizing the connections between quality of place and quality of life, tourism, business and personal investment,” said Lt. Governor Ellspermann who statutorily serves as Indiana’s Secretary of Rural Development. “Communities of all sizes and populations have the opportunity to assess their local assets and attractions to determine what is needed to attract people to make the choice to work, live and play there now and in the future.”
PBIF, now in its third year, is a $500,000 competitive matching grant program targeted towards communities promoting quality of life, improved tourism experiences and developing multi-purpose gathering places.
In the 2014 funding round, the Cities of Hobart, Jasper, Madison, Parke County Incorporated, the Town of Hope, and Wabash Marketplace each received grants to fund parks, public venues and other quality of place projects.
For more information on PBIF, administered as a partnership between OCRA and IOTD, visit http://www.in.gov/ocra/PBIF.htm.
About the Office of Community and Rural Affairs:
The Indiana Office of Community and Rural Affairs’ (OCRA) mission is to promote rural community prosperity to strengthen Indiana’s economy by providing capacity-building solutions to assure ready, marketable and competitive opportunities for economic growth. For additional information on OCRA and its programs visit www.ocra.in.gov.
About the Indiana Office of Tourism Development:
Lt. Governor Sue Ellspermann oversees the Indiana Office of Tourism Development (IOTD). Mark Newman serves as the agency's executive director. IOTD is dedicated to enhancing the economic vitality of Indiana through leadership and resource support to the Indiana travel industry for awareness-building, product development and job creation. Sign up for tourism updates and Indiana travel ideas at www.VisitIndiana.com.