2025 Office of Commerce Year End Report

READI in Action: From Investment to Outcomes

Building Momentum Since 2021 READI is delivering.

Across Indiana, regions are translating years of coordination into visible progress, turning local priorities into real projects that strengthen communities and unlock growth. From housing and workforce infrastructure to childcare and quality of place, READI investments are addressing the fundamentals that determine whether communities can grow and compete. This is not a top-down model. Every region wrote its own goals. Indiana invested in them to ensure they become the next best version of themselves. And the results are visible region by region, project by project. Through a powerful public–private–philanthropic partnership, anchored by the State of Indiana and the Lilly Endowment, READI is transforming underutilized properties, remediating blight, and preparing sites for long-term economic vitality.

From Underutilized Space to Innovation District | Wabash River Region With the support of READI, Rose-Hulman Institute of Technology is developing a new entrepreneurial ecosystem, Innovation Grove. The new district is a $102.3 million initiative that will expand Rose- Hulman Ventures, creating more opportunities for student experience and industry collaboration to fuel entrepreneurship, business ventures and innovation.

From Abandoned Building to Community Asset | Northwest Indiana Region In Porter County, READI 2.0 is revitalizing a deteriorating building in Chesterton—the former Duneland middle school—into the Duneland Healthy Living Campus. The first phase of the project is an $8 million investment that will repurpose the existing 225,000-square-foot building into a 105,000 square foot facility and 20-acre community park, substantially expanding the building’s usability and increasing daily use by 300 percent.

By the Numbers

779 READI projects underway statewide

$1.25 billion in investment put to work

$19+ billion in private- sector match leveraged in READI 1.0 & 2.0

20× return for every $1 awarded

$830.4 million already allocated through READI

3

Office of Commerce 2025

Made with FlippingBook Digital Proposal Creator