The Herald Bulletin

Morning Update

Local Business

October 17, 2013

Partnership unites three counties struggling to revitalize manufacturing

Strategic planning shows how to create stronger region

ANDERSON — Plans to explore the city’s best opportunity for growth has led to a regional partnership with other communities struggling to spur their economic growth.

“Mainly, we are all working together because we have similar backgrounds – our large manufacturing sector is gone,” said Mike Fischkorn, Anderson’s deputy director of economic development.

“We are trying to figure out ways to move beyond that legacy and this might be a good opportunity for us to pool our resources and help the region in general,” he said.

The city is working with Muncie and New Castle to develop a strategic plan with funding from the U.S. Economic Development Administration (EDA). The EDA has approved a matching fund grant for $150,000 to assist with planning. Each city has pledged $50,000 creating a total investment of $300,000 for the project.

The tri-county effort promises to benefit the region’s combined population of 297,000.

In their application for funding the cities say, “these communities recognize both their shared challenges and strengths and that their individual economic development success hinges critically on their ability to work together.”

Officials say more than 40,000 jobs have been lost from Madison, Delaware and Henry counties with the closure of the General Motor plants, Borg Warner and other suppliers, and service positions were lost.

“With an aging population and deep workforce training needs, this coalition of communities recognizes the time is now to develop a bold and achievable vision for the future,” the application states.

The East Central Indiana Regional Planning District plans to administer the project on behalf of the region.

“I have been working with two Democrats and one Republican to make this happen,” said Roy Budd, president of the East Central Indiana Regional Planning District.

Budd said Anderson originally applied for a grant to revitalize American manufacturing, but they were competing with cities like Cleveland and Milwaukee and their application was denied. He said he was then contacted by the EDA about funding that was available for a regional application.

Text Only
Local Business
  • NWS - HB0420 - Funderburk - 04 Man tries to restore father's tainted legacy When news broke earlier this month that the Anderson Dental Clinic had been shut down and several employees, including owner Sally Metzner, had been arrested, Mark Funderburk's main concern was the patients. "A lot of them kept going there because of my dad even after he passed away," he said. "And they didn't deserve this."

    April 19, 2014 1 Photo

  • BIZ - HB0420 - Scott wise -TM Gaining an edge and spreading the word in 2014 Scott owner of Scotty’s Brewhouse with locations in Indianapolis, Muncie, Mishawaka and Bloomington, encourages business owners to interact with customers and use powerful tools such as Twitter, Facebook or even with a blog to their advantage.

    April 19, 2014 1 Photo

  • BIZ - HB0420 - Amys Attic - TM Business Profile: Hidden treasures can be found here Amy's Attic Thrift Store, which opened April 1, offers a variety of different items including clothing, accessories, furniture, yard decorations and collectibles.

    April 19, 2014 1 Photo

  • Business People: April 20 A compilation of news items featuring members of the Madison County business community.

    April 19, 2014

  • NWS-HB0419-IvyTech-JC2.JPG Work begins on new Ivy Tech facility

    Motorists driving on East 60th Street near Columbus Avenue will notice heavy machinery working in preparation for a new educational facility in Anderson.

    April 18, 2014 2 Photos

  • Clark, Big Joe mug [Duplicate] 'Big Joe' Clark: Understanding the risks within fixed income investments Many retirees associate the concept of taking “risk” with the equity markets. However, as 2013 demonstrated, there is also principal risk in the fixed income arena if an untimely liquidation requires you to sell bonds and generate income.

    April 18, 2014 1 Photo

  • Heating assistance provided to 4,445 households Almost 5,000 households in Madison and Grant counties received assistance this past winter with their heating bills, members of the Central Indiana Community Action Program learned this week.

    April 18, 2014

  • Lapel obtains required number The Lapel Town Council finally has enough votes to move forward with its voluntary annexation of land south of the town.

    April 17, 2014

  • NWS - HB0418 - Susan Brooks Educators, agribusiness leaders discuss careers Citing approximately 55,000 new jobs being created annually in agribusiness, U.S. Rep. Susan Brooks brought educators and business leaders together to encourage students to consider it as a career path.

    April 17, 2014 1 Photo

  • Anderson collects nearly $67,000 in bad debt

    The city of Anderson collected almost $67,000 in bad debts owed to the four utility departments in March.

    April 17, 2014

Stocks
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide