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Redevelopment commission approves $500,000 matching-resolution for Franklin College Innovation Park
Summary
The commission approved Resolution 2025-22 expressing the city's willingness to provide a $500,000 match for a $500,000 IEDC Ready grant to fund infrastructure for two innovation-park buildings; staff said the city will not encumber TIF funds until contracts are in place and the college meets required milestones.
The Franklin Redevelopment Commission voted to approve Resolution 2025-22, which records the city's willingness to provide a 1:1 match for a $500,000 Ready program grant awarded to Franklin College for infrastructure supporting two planned research-and-development buildings.
City staff said the…
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