The planned Pike County Entrepreneurship and Technology Center has gotten $2 million in funding from the Federal Economic Development Administration.
That’s what The Pike County Economic Development Corporation recently told Inside Indiana Business The project had gotten a 60/40 match from the feds but the steel tariffs that went into affect back in December caused the project to go $900,000 over budget. So the Federal EDA terminated their former grant and approved an 80/20 match after the county reapplied.
The $2 million will pay for most of the $2.5 million project. Construction will start this fall and take up to 2 years to complete.
The Pike County Entrepreneurship and Tech Center will act as a business incubator and a maker space which is a place for young people to explore ideas and interests learning to use tools and materials and developing creative projects.