The Indiana Economic Development Corp. (IEDC) will award up to $1 million to LaPorte County, Indiana, to help pay for a $6 million project to build a rail spur that will connect Kingsbury Industrial Park (KIP) to a CSX mainline.County officials announced the grant after reaching an agreement with state officials, according to a press release posted yesterday on BuildingIndiana.com. CSX has designated the industrial park a "Select Site" for prospective developers. Once the rail spur is completed, the industrial park will be one of the few to offer connections to two Class Is, said Redevelopment Commission President Randy Novak."Getting this connection to CSX in place is key to opening up KIP to the entire CSX logistics chain,” Novak said. "By now having the north/south rail spur at KIP connected on the south edge of the park to CSX, we’re also working hard at the getting the north end of the spur connected directly with the CN railroad that runs along the north side of the park."The grant will come from the Industrial Development Grant Fund, which provides assistance to communities making infrastructure investments in support of economic development. The incentives are performance-based, which means the county must meet certain milestones and deliverables to collect the funding.
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