Northwest Central Indiana Community Partnerships Inc. in West Lafayette has been awarded $1.7 million by the US Economic Development Administration. The money will help central Indiana’s manufacturing, agriculture, and technological industries by expanding broadband connectivity. The local authorities will add $426,000 to the EDA’s contribution. This will result in 75 new and retention of 150 existing jobs.
The Investment Will Help Local Business
Secretary of Commerce Gina Raimondo said that the administration will use every means at its disposal to ensure the nation’s recovery from the pandemic. Furthermore, it will help communities acquire the tools they need to succeed in the increasingly digital economy.
She added that This EDA investment is a down payment for further broadband investments in Indiana. The goal is to improve resiliency in manufacturing, agricultural, educational, and technology sectors of this region.
Furthermore, local funds will match the EDA’s investment with $426,000. As a result, it will help create 75 and retain 150 jobs. In addition, it will generate $10 million in private investments.
The Investment Will Also Help Educational Institutions
As home to one of the most prominent educational facilities in the country, Purdue University, West Lafayette will benefit substantially from the latest investment. It will help share knowledge and experience between businesses and students. This will help them get ready for the future job market.
