(Richmond, IN)--The highlight of Richmond Mayor Dave Snow’s State of the City Address Thursday night was the announcement of the PLACE Program, which essentially loans building to entrepreneurs to spur downtown growth. "If successful, this will not only put entrepreneurs back into the building, but will also further entice downtown liveability," Snow said. Snow also identified the first building to be renovated with the program. It’s the vacant former home of Readmore. "Starting soon, work will begin to breathe new life into Readmore and it will once again house downtown local business," Snow explained. In addition to renovations downstairs, upstairs windows and other upgrades will be made to create new living space in the Readmore building.