Monday, August 28, 2006

INDUSTRIAL DEVELOPMENT GRANT FUND (IDGF)

The IEDC provides financial support for infrastructure improvements in conjunction with projects creating jobs and generating capital investment in Indiana.

This grant provides money to local governments for off-site infrastructure projects associated with an expansion of an existing Indiana company or the location of a new facility in Indiana. State funding through the IDGF program must be matched by a combination of local government and company financial support.

Eligibility

The grant may be awarded to communities or other eligible applicants who have a commitment letter from representatives of the affected industry/industries indicating their plan to locate or expand a facility.

Eligibility

The grant may be awarded to communities or other eligible applicants who have a commitment letter from representatives of the affected industry/industries indicating their plans to locate or expand a facility.

Eligible applicants include the following entities:

* City
* Town
* County
* Special taxing district
* An economic development commission
* Nonprofit corporation
* Regional water, sewage, or solid waste district

Projects which may qualify include

Construction, extension, or completion of:

* Sanitary sewer lines, storm sewers, and other related drainage facilities
* Waterlines
* Roads and storms
* Sidewalks
* Rail spurs and sidings

* Leasing, purchase, construction, repair, and rehabilitation of property, both real and personal; and

* Preparation of surveys, plans, and specifications for the construction of publicly owned and operated facitities, utilities, and services