|Program||# of Grants||EDA Funds|
|Assistance To Coal Communities||1||$375,000|
|Economic Adjustment Assistance||1||$355,000|
In the last 40 years, the City of Indianapolis and Marion County have lost over 50,000 crucial manufacturing jobs. Because of this continued decline in manufacturing, Indianapolis received a HUD Promise Zone designation. Given this decline, there are many unused facilities within the County that could be reused and repurposed for other manufactures.
In October 2016, EDA invested $375,000 in Assistance to Coal Communities funds to the Citizens Energy Group, Indianapolis, Indiana, to fund a reuse facility strategy to conduct a site assessment, reuse and implementation strategy for a former coal manufacturing facility in Indianapolis, IN area. This investment will support multiple economic and workforce development opportunities and revitalization of the impacted area where the former plant was located.
The scale of the approximately 140-acre site affords an opportunity to attract investment and catalyze new development to spur revitalization of the surrounding neighborhoods. Among the objectives are to leverage a collaborative public-private partnership to respond to demand in established and emerging industry sectors, in alignment with the Indianapolis regional economic development strategy.