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Resolution 03-2024 Adopting a Preliminary Strategic Economic Development Plan for the Cental Indiana Regional Development Authority Pursuant to Indiana Code 36-7.7 ET SEQ
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Resolution 03-2024 Adopting a Preliminary Strategic Economic Development Plan for the Cental Indiana Regional Development Authority Pursuant to Indiana Code 36-7.7 ET SEQ
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3/6/2024 8:51:04 AM
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development agreement (as defined by IC 36-1-8-9.5), or any other local revenue that is not <br />otherwise restricted by law or committed for the payment of other obligations; (ii) money <br />received from the federal government; (iii) gifts, contributions, donations, and private grants <br />made to the fund; and (iv) money transferred to the RDA under an interlocal agreement. <br />The Committee shall designate a participating member to be the administrator of the <br />Fund at no cost to the RDA. The designated member shall only make disbursements <br />pursuant to instructions by the Committee. <br />ARTICLE V <br />Comprehensive Strategic Economic Development Plan <br />The RDAshall prepare a comprehensive strategic economic development plan <br />("Comprehensive Plan") to serve as a roadmap to diversify and strengthen the regional <br />economy, establish regional goals and objectives, develop and implement a regional action <br />plan, identify ways to eliminate duplicative government services within the region, and <br />identify investment priorities and funding sources, all in accordance with Ind. Code §36-7.7- <br />3-4. <br />The RDA shall adopt the Comprehensive Plan by or before December 31, 2022. <br />ARTICLE VI <br />Strategy for Attracting Investments <br />To ensure Central Indiana is positioned to be a vital and dynamic commercial center <br />and a magnet for world-class talent and innovation, policymakers must promote and invest <br />in strategies that play to the region's industry sector strengths while supporting groups <br />adversely impacted by the pandemic. This is an opportune time for new thinking as business, <br />philanthropic and political leaders refocus on creating jobs; developing and attracting a <br />highly skilled workforce; and luring residents and workers, to ensure the long-term success <br />of Central Indiana. <br />As further established by the Comprehensive Plan, the RDA will focus on the following <br />strategies for attracting (or any projected) investments, grants, matching funds, or local tax <br />revenue: <br />• <br />Key Sectors <br />o Health CaTe & Medical Technology -Establish more educational opportunities <br />for healthcare certifications and create career pathways for advanced medical <br />degrees <br />o Software Development — Develop a targeted recruitment plan for tech talent; <br />and partner with regional stakeholders to identify key strategic advantages for <br />the region. <br />o Logistics & Manufa.cturing — Partner with higher education institutions to <br />create a roundtable for automation and robotics; create a rigorous training <br />
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