A breaktrhough opportunity for nw indiana
1 / 11


  • Updated On :

A BREAKTRHOUGH OPPORTUNITy FOR NW INDIANA. Creating the Northwest Indiana Regional Development Authority (RDA) . Impact: The RDA will be a catalyst to transform the economy and the quality of life in northwest Indiana .


I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
Download Presentation

PowerPoint Slideshow about 'A BREAKTRHOUGH OPPORTUNITy FOR NW INDIANA' - misha

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
A breaktrhough opportunity for nw indiana


Creating the Northwest Indiana Regional Development Authority (RDA)


The RDA will be a catalyst to transform the economy and the quality of life in northwest Indiana.

It will help to demonstrate the importance of regional collaboration and cooperation.

Leigh Morris, Chairman, Northwest Indiana Regional Development Authority

Creation of the rda
Creation of the RDA

  • Established: September 2005

  • Initial funding: January 2006

  • Supported by bipartisan majorities in both houses of the Indiana General Assembly

  • Unique to Northwest Indiana

Rda s five key areas of emphasis
RDA’s Five Key Areas of Emphasis:

  • The Gary-Chicago International Airport

  • Extension of the South Shore Rail Commuter Line

  • Lake Michigan Shoreline Development

  • Regional Bus Authority

  • Other initiatives that will enhance economic development in Northwest Indiana

Rda s key roles
RDA’s Key Roles:

  • Supporting major projects with regional impact that require regional funding sources rather than single community or single county approaches

  • Accessing federal funds usually requires matching funds that are beyond the reach of local government

  • Providing a vehicle for pooling both resources and leadership talent to move major initiatives forward

Rda s funding sources
RDA’s Funding Sources

  • East Chicago, Gary, and Hammond; Porter and Lake counties each invest $3.5 million annually

  • State of Indiana invests up to $10 million annually from Indiana Toll Road lease

  • Additional $20 million allocated from Major Moves and earmarked for the Gary-Chicago Airport

  • Funding formula in place through 2015, subject to reauthorization by the State Budget Commission

How is the rda governed
How is the RDA Governed?

Seven-member board of directors:

  • Dr. Howard Cohen, Chancellor, Purdue Calumet (City of Hammond appointment)

  • Carmen Fernandez, Corporation Counsel, City of East Chicago (City of East Chicago appointment)

  • Bill Joiner, Retired Banker (City of Gary appointment)

  • Lou Martinez, President of Lake Area United Way (Lake County appointment)

  • Gus Olympidis, President, Family Express (Porter County appointment)

  • Harley Snyder, President, HSC, Inc. (Governor’s appointment)

  • Leigh Morris, Executive Director, Indiana Toll Road (Governor’s appointment)

Current impact of the rda
Current Impact of the RDA

  • More than $72 Million already invested in Northwest Indiana.

  • During that two year period, the local investment in the RDA has totaled $35 Million.

  • The region has more than doubled its investment, and major progress is being made on all four of the priorities the legislature established for the RDA.

Initial rda investments
Initial RDA Investments

*Includes $2.074M for Valparaiso/Chicago Svce. **$6M to Little Calumet River Basin Project

Bottom line the rda is very positive for northwest indiana
Bottom Line: The RDA is very positive for Northwest Indiana

  • Transformational projects can be completed because of the availability of new sources of funding and leveraging of federal funds

  • Regional needs that cross county or community borders can be addressed

  • Major private investment (and new job creation) can result from a positive regional environment