Business and Economics

Pence Makes Billion Dollar Cities Plan

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December 26, 2013 by IPBS’ Brandon Smith

Governor Mike Pence says Indiana needs to help its cities invest a billion dollars during the next decade to make themselves more attractive to businesses and talent in what Pence is calling his “billion dollar cities” plan.

Governor Pence says young professionals are increasingly deciding where they want to live before looking for a job, meaning it’s become more important for Indiana’s mid-size cities to improve what he calls “quality of place.”

Pence says that approach covers a wide range of issues, “Some of it has to do with recreational activities;  some of it has to do with entertainment options.  The quality of schools is an important part of it;  open space is an important part of it, and also in many communities it was about reclaiming what had fallen into disrepair.”

The governor says his plan to spur investment in the state’s mid-size cities would include an initial investment from state government, “But then the idea would be that local communities, with public and private dollars, would seek to make the kind of investments over the next decade that we could have…we could have billion-dollar cities in Indiana.”

Pence says as a first step he’s directing the Indiana Economic Development Corporation to determine what quality of life improvements are most needed.

 

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