The Herald Bulletin

Morning Update

Annual Report: Business & Industry

March 29, 2010

Madison County weathers 2009 recession, closes few businesses

Elwood, Alex see influx of new business

ANDERSON — Though 2009’s economic recession provided a hostile climate for new businesses, a few managed to open their doors across Madison County, beating the odds in a time when it seemed the only thing harder to do than keeping your home was keeping your business open.

Elwood’s director of economic development Bill Savage said the town saw several businesses open, including a few in the town’s recently economically stagnant downtown district.

The new openings include Village Furniture in the old Gleason building and Circle Pizza. “Our downtown is revitalized with the pizza place,” Savage said.

Just off the main strip downtown, the Madison County Community Health Center built a new clinic, providing Elwood area residents improved care and extra health options, including dental services.

Also downtown, the CVS drug store expanded its operation from 9,000 square-feet to over 13,000 square-feet, he said. The store also built a drive-thru and expanded its parking lot.

The Elwood Plaza saw the opening of the El Poblano Mexican Restaurant, Savage said, while Casey’s General Store erected a new building on the city’s under-served west side.

Two new sports bars, the Red Brick Saloon and the First Down Sports Lounge also opened in 2009, helping somewhat the relieve the sting of losing on of Elwood’s most popular pubs, Wolf’s Tavern.

Wolf’s Tavern closed, Savage said, not because of the economy, but because the aging owners could no longer run the business.

The tavern will be missed, he said. “That was an institution. That was kind of like a historic landmark.”

The year was not as kind to one of Madison County’s most prominent business districts.

The hits kept coming for Pendleton’s downtown district, which has been losing its storefronts consistently over the past two years.

Text Only
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

More Resources from The Herald Bulletin
Hyperlocal Search
Premier Guide
Find a business

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

Do you plan to attend one of the public sessions about the Mounds Lake reservoir project?

Yes
No
Not sure yet
     View Results