INDIANAPOLIS, Ind. (WOWO): A fund that gives thousands of dollars in grant money to Indiana communities was launched Monday.

Lieutenant Governor Sue Ellspermann announced that the Indiana Office of Community and Rual Affairs and the Indiana Office of Tourism Development began this year’s Place Based Investment Fund.

A grant of $20,000 to $50,000 will be given to cities and towns who complete a competitive application process. The money can be used to fund parks, public venues and other economic development projects.

“PBIF encourages community collaboration towards creating a quality of place where people want to live, work and raise a family,” Ellspermann said in a press release.

This is the fourth year for the grant program. In the second 2015 funding round the Town of New Haven, the City of Decatur and five other cities received grants.