More than $5 million will likely be funneled into Knox County as part of Indiana First’s successful READI application, Chris Pfaff, president of Knox County Indiana Economic Development, announced to members of the organization’s board of directors Friday, per the Vincennes Sun Commercial.
Last year, officials with Knox County Indiana Economic Development partnered with local elected officials as well as the Vincennes Redevelopment Commission in commissioning a housing study, one that identified several gaps in the local market, everything from single-family to multi-family homes.
The RDC has contributed hundreds of thousands of dollars so far in infrastructure costs and is looking at the creation of a residential-specific Tax Increment Finance Zone to generate revenue to do even more.
These particular funds prioritized by Indiana First, Pfaff said on Friday, will go specifically to fund sewer improvements to a multi-family housing complex planned for the city’s east side, although he said he isn’t yet prepared to identify the developer or provide any other details about the project.
Other funds will go to a nursing career program at Good Samaritan Hospital, Pfaff said, particularly toward the purchase of simulation equipment.
Good Samaritan CEO Rob McLin wasn’t immediately available for comment Friday, but Pfaff said this money would allow the hospital to double the capacity of its nursing simulation labs, thereby “attracting additional nursing candidates throughout the region.”
“It should allow them to be more competitive in this space,” Pfaff said.
