Indianapolis is a finalist for federal Build Back Better funding to boost economic recovery through jobs creation and infrastructure investment.
The city-led initiative is one of 60 selected across the country to receive money to boost plans to rebuild communities and increase employment options for those impacted by COVID-19. A coalition of central Indiana partners, including Flanner House, 16 Tech and IU Health, developed plans that focus on food manufacturing processes, including a food processing facility, workforce training pipeline and shipping container housing.
“This sector really emerged as a huge area of opportunity that lends itself to the strengths we have as a region in terms of our logistics and distribution strengths,” Aryn Schounce, chief policy officer for the Department of Metropolitan Development, said.
The aim is to create more high-wage jobs, accessible employment and more comprehensive training opportunities through a series of projects that bolster connections and infrastructure. Schounce said putting equity at the forefront is a priority.
“And really focuses on getting resources to those individuals who can benefit most from these economic opportunities,” Schounce said.
The city will now apply for phase two funding that could provide up to $100 million to implement the initiative. Twenty regional plans will be accepted for the Build Back Better program.
The federal economic program sets aside three billion dollars in American Rescue Plan money for regional efforts.