[2][3] The Indiana RDAs were created to manage the Regional Cities Initiative[4] which looks to empower two selected regions with $42 million each[1] for designated projects that would help attract and retain worker talent, help Indiana compete nationally and supply funds for quality-of-place projects.
Included in the Act is authorization for the Department of Revenue to conduct a tax amnesty program.
The first $84 million of all revenue generated through the tax amnesty program must be deposited into the Indiana Regional Cities Development Fund.
[13] Each region will need approval from the state legislature on each area of their plans but they may receive up to $42 million (US) in state-matching funds.
[13][14] The first $84 million of all revenue generated through the tax amnesty program was increased to $126 million allowing three regional cities to be selected instead of the initial two the first draft of the Regional Cities Initiative outlined.