The Herald Bulletin

Morning Update

Annual Report: Business & Industry

March 29, 2010

County well-positioned for more growth along I-69

Land cost, proximity to Indy called pluses

ANDERSON, Ind. — Interstate 69 is more than the road to and from Indianapolis in Madison County. It’s also a vital link to the region’s development future, local officials say.

“From an economic-development standpoint, I’m not sure we can’t stress the importance of the interstate enough,” said Anderson Economic Development Director Linda Dawson. “The interstate, as well as our proximity to Indianapolis, are huge factors that give us a leg up on other communities,” Dawson said. And the fact that commercial property is far less expensive here can be a big plus, she said.

“It’s crucial in today’s economy when financing is more difficult, equity investment is in shorter supply. The overall cost of a project is much more limited, so the cost of the actual land plays a significant role on whether you’re 10 miles out or 20 miles out” from a metro area, Dawson said.

The presence of global food giant Nestle’s largest U.S. production facility in Madison County is a signal to industry, Dawson said.

“Nestle being located at the gateway to Anderson speaks volumes to other companies that are looking at places to locate,” she said. “It says we have the ability to work within the confines of a global company and the ability to provide the necessary infrastructure at a reasonable rate.

“That statement alone will attract some attention too, and give us at least a chance to compete for other companies that may be in the market today or three or four years down the road.”

Heading north on the road from Indianapolis, it’s not too hard to see recent signs that the metropolitan area is creeping ever closer to Madison County along I-69:

- Exit 10 in Hamilton County is bustling with development at the Hamilton Commons shopping center and a booming population.

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Annual Report: Business & Industry
  • Meyers Auto-3.jpg Auto dealers seeing increase in sales

    Overall auto sales have been climbing in the U.S., and it’s just as true in Madison County, where many dealerships have seen consumer demand on the increase.

    March 27, 2012 1 Photo

  • 0216 Welder working Ed Martin building12a.jpg Job loss, low incomes lead to population drop

    Though the federal government reports that the nation is on an economic upswing, Madison County continues to struggle with a 10.2 percent unemployment rate.

    March 27, 2012 1 Photo

  • 8 AR exit 10 3.jpg Healthy growth

    Growth along the Interstate 69 corridor has been healthy, at least for two area hospitals.

    March 27, 2012 1 Photo

  • Flagship forms hub of Exit 22

    The Flagship Enterprise Center at Exit 22 was created in 2005. The business incubator has helped more than 100 companies get a start.

    March 27, 2012

  • 7 Jahnae_Casino_1.jpg Hoosier Park VP sees tourism driving economic turnaround

    Jahnae Erpenbach, the vice president and general manager of gaming at Hoosier Park, strongly believes that the city of Anderson and Madison County are near a turning point in the area’s economic fortunes.

    March 27, 2012 1 Photo

  • 0717 news Bank Robbery12.jpg Local banks saw a year of growth

    During 2011, banks saw modest growth, returning to the industry despite a rough year in the media spotlight.

    March 27, 2012 1 Photo

  • 0903 biz Mike Baker1a.jpg Interest in people keeps Baker banking

    Mike Baker, the regional president of North Central and Muncie regions of First Merchants Bank, entered the banking industry in 1983.

    March 27, 2012 1 Photo

  • Bright Automotive Electric Car Bright Automotive may be gone, but not the future

    There’s no question the demise of Bright Automotive represents a blow to Madison County and the hybrid-electric niche it occupies in the automotive industry. But county economic development officials aren’t willing to let the engineering expertise that existed here with Bright slip away without a fight.

    March 27, 2012 1 Photo

  • 0210 news city council 033.jpg Economic Development director on the lookout for businesses

    As the city’s economic development director, Greg Winkler’s job entails seeking companies that are looking to expand or relocate. He tries to make such companies “give Anderson a hard look.”

    March 27, 2012 1 Photo

  • 0119_The Farm Site[1].jpg City wants to bring foreign companies, jobs

    One of last year’s biggest economic development announcements in Anderson was the news that a 72-acre baseball and softball training and competition complex would be built along Interstate 69.

    March 27, 2012 1 Photo

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