Indiana Governor Eric Holcomb signed SEA 434 – an innovative economic development bill sponsored and championed by NewDEAL Leader Indiana Senator Eddie Melton – into law this week. Senate Enrolled Act 434, which was introduced by Senator Melton back in January, matches new gaming revenue with local dollars for economic investments in the Lake County region. With these funds, the bill establishes the Lake County Convention and Economic Development Fund; creates the Blighted Property Demolition Fund to address the over 6,000 abandoned properties in the region; and invests in the revitalization of the Gary Metro Station to meet the goals of the state’s Double Tracking project. “SEA 434 represents new beginnings and opportunities for the people of Gary who have long been ready for change,” Senator Melton expressed at the bill’s signing. SEA 434 represents a pragmatic, bipartisan win for Melton and for all of Indiana, with the bill passing by a 49-1 vote.
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