IMPA Announces Economic Development Incentive

(CARMEL, IN) – The Indiana Municipal Power Agency (IMPA) is pleased to announce a new Economic Development Incentive for existing and prospective customers. Provided that the customer meets a certain criteria, the program can save companies a percentage off of their electric bill for a 5 year period.

“IMPA is continually looking for opportunities to assist our Members, with their economic development efforts,” said Raj Rao, IMPA’s President and CEO. “Electric costs can be a determining factor for companies while they’re selecting where to improve existing facilities and where to establish new operations. With our competitive rates, hopefully, this new incentive will give our member communities an advantage when marketing their communities
for prospective economic development projects.”

Criteria for qualifying for the IMPA economic development incentive include, but are not limited to:

  • Adding a minimum of 1,000 kilowatts at one premise
  • Investing at least $1 million at one premise
  • Receive significant state and/or local economic development incentives

More information is available at www.impa.com/economicdevelopment or by contacting
Bryan Brackemyre. (317) 573-9955 or bryanb@impa.com.

The Indiana Municipal Power Agency is the not-for-profit wholesale power provider to 60 cities and towns across Indiana and one Ohio community who own and operate the municipal electric distribution systems in their communities. IMPA member communities deliver electric service to approximately 330,000 individuals throughout the state. For more information, visit www.IMPA.com.


HEDC welcomes BWI as company breaks ground on first U.S. production facility

GREENFIELD, Ind. – On Wednesday, June 28, more than 150 people gathered at the groundbreaking ceremony for BeijingWest Industries, Co. Ltd. (BWI). The company is a premier chassis supplier that designs and manufactures brake and suspension systems for the global automotive market. Its first U.S. production facility will be located in Greenfield, creating up to 441 new, high-wage jobs by 2021.

BWI will invest more than $80 million to build and equip a new 276,514-square-foot manufacturing facility in Greenfield’s Progress Park. With its growth, BWI expects to increase its production by 4 million parts per year to meet the continued demand from its customers, which include Audi, BMW, Ferrari, Ford, General Motors, Honda and Porsche.

BWI plans to begin hiring for machine operators, maintenance and lab technicians in February 2018. Interested applicants may apply online at the start of 2018. In addition, the company plans to work with Ivy Tech Community College of Indiana, which is the largest singly-accredited statewide community college system in the nation, to help develop workforce training.

BWI, a joint venture of Shougang Corporation and Beijing Fangshan State-Owned Asset Management, was formed in 2009 when the company bought the brake and suspension business of Delphi Automotive, which was once a part of General Motors. Since its 2009 acquisition, BWI has added 25 automotive vehicle manufacturers to its customer base.

Hancock Economic Development Council would like to say thank you to everyone who has supported this project,  especially local and state officials, and to BWI for their investment in Hancock County. Additionally, HEDC would like to thank the sponsors who provided support for Wednesday’s groundbreaking ceremony: Hancock Health, Greenfield Central Community School Corporation, CGS Services, Inc., GAI Consultants, IMPA, KSM Location Advisors, Penny’s Florist Home Decor & More, the City of Greenfield, Hancock County and the IEDC.

See coverage of the groundbreaking ceremony by the Greenfield Daily Reporter here.

See a gallery of photos from the groundbreaking ceremony from Hancock Economic Development Council here.

 


Construction Coming

Apartment complex to be built in business district

GREENFIELD, IND — A new apartment complex featuring amenities that encourage healthy living — including bike and walking paths and a community garden — is coming to Greenfield.

A developer with a history of Hancock County projects is working with city officials to build a multi-family living community just north of Interstate 70 in Progress Park, Greenfield’s business district.

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Annual Meeting Focuses On Future

31st Annual Meeting

Hancock County Economic Development Council held its 31st annual meeting on Wednesday, January 18, 2017.

More than 100 people were in attendance for the HEDC annual meeting, including board members, elected officials, developers, business leaders, utility representatives, and more.

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HEDC’s Executive Director receives award

Skip Kuker, executive director of the Hancock County Economic Development Council, is

the recipient of the first “Nolan ‘Skip’ Kuker Community Leadership Award”, presented by the Fortville / McCordsville Area Chamber of Commerce at their annual dinner on Friday, Nov. 11, 2016.

“I am honored and humbled  by this recognition from my friends in Fortville/McCordsville,” Kuker said. “I love working for our community and look forward to meeting those in the future that are selected for such an honor.”

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Barr South designated Site Certified Silver

GREENFIELD, IND. — Local officials gathered Tuesday to celebrate the designation of Greenfield’s Barr South as an Indiana Site Certified (ISC) Silver tier status.

It’s one of two Greenfield sites owned by the Barr family receiving the certification. Barr North received certification in July.

“The City of Greenfield is fortunate to have great citizen land owners who see great value in doing the things necessary to prepare sites for development,” said Greenfield Mayor Chuck Fewell. “The Barr family is an asset and we certainly appreciate their contributions to our economic development efforts.”

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Barr South Designated as Indiana Site Certified Silver

For Immediate Release
November 1, 2016

Barr South Announcement--State Certified as Silver

Barr South Announcement–State Certified as Silver

Indianapolis – The Indiana Office of Community and Rural Affairs (OCRA) announces the designation of Greenfield’s Barr South as Indiana Site Certified (ISC) Silver tier status.

The Indiana Site Certified program was created to help Indiana cities and towns by validating sites that are ready for economic development. By certifying a site, it illustrates that the community is committed to economic growth, mitigates risks for businesses who want to locate or expand their operations into Indiana and it serves as a marketing tool to promote sites that are ready for development.

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Business Boom – Alliance Park

Development flourishes in industrial park

GREENFIELD — Just a few months ago, the vista outside Brandon Reeve’s office window consisted mostly of dirt and stubbly grass, he said.

Reeve’s company, Applied Fabricators, moved into the Greenfield industrial park just north of Interstate 70 in the western portion of the county in early 2015. Since then, he’s watched firsthand the boom in development taking place in the company’s backyard, with businesses popping up fill a third of the park’s space.

It’s a turnaround county officials say is a long time coming; and with about 60 percent of the land in the county’s seven industrial parks, which span about 1,000 acres, still available, they hope the growth in Alliance Interstate Park will continue to attract more developers to the area.

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NineStar development

NineStar plans to plumb Hancock County’s ‘frontier’ for development

About two-thirds of Hancock County, just east of Indianapolis, lacks public water or sewer service. Wells and septic tanks suffice, but not for officials trying to attract large businesses or residential developments.

“This 38,000 acres essentially has been frontier,” said Michael Burrow, president and CEO of NineStar Connect, a Greenfield-based electric and fiber-optic communications cooperative.

But that’s about to change.

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Bastian Designs Lift Platform

Greenfield, Indiana – Bastian Automation Engineering, a division of Indianapolis-headquartered Bastian Solutions, is in the final stages of a multi-year project with a US-based aircraft engine manufacturer to design and build a custom Lift Platform Vehicle. The vehicle is comprised of a variable height work surface that will be used by operators during Jet Engine testing procedures. The project generated 10 man-years worth of work for local engineers and manufacturing personnel as well as over $300,000 in domestically sourced materials.

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