Hancock EDC, Author at Hancock Economic Development Council

Approval of business district

Posted on June 25, 2016 at 2:41 pm.

FORTVILLE — Almost 200 acres of farmland along Fortville Pike could be the future site of a bustling business park — or so local leaders hope.

The Fortville Town Council this week unanimously approved a plan to create a tax-increment financing, or TIF district, which will use property tax dollars from new development on the south side of the community to improve the area and attract companies to set up shop nearby.

The district, which measures approximately 186 acres in all, is currently covered in crops, but town officials said they hope the plan will spur economic growth in the area.

Elanco develops new vaccines

Posted on June 22, 2016 at 2:31 pm.

Written by Hancock EDC

GREENFIELD — Scientists at Elanco Animal Health’s new facility on the north side of Greenfield are working to develop vaccines for food-borne illness and researching alternatives to antibiotics used in food animals.

About 30 employees are now working in the new 48,000-square-foot facility, construction of which wrapped up in the spring, said Colleen Parr Dekker, a spokeswoman for the company.

McCordsville is booming

Posted on June 9, 2016 at 2:41 pm.

Written by Hancock EDC

McCORDSVILLE — When Sheila Roberts settled on McCordsville as her home six years ago, she was thrilled to find an affordable house in a quiet community.

Much has changed since she moved in; McCordsville is now one of the fastest-growing cities in the area, a trend Roberts says has made it an even better place to live.

More families are moving to Hancock County, and the majority are landing along the western edge. Population growth across Hancock County is up 3 percent, which amounts to approximately 2,500 more residents than those recorded in the 2010 U.S. Census.

Kohl’s & PetSmart construction

Posted on April 8, 2016 at 8:04 am.

Written by Hancock EDC

GREENFIELD — Initial work began this week on the construction of the new Kohl’s and PetSmart stores in Greenfield, sending a collective sigh of relief from residents across the county.

Construction on the Kohl’s site, in particular, brings an end to months of doubt from residents that the retailer would follow through on plans, after company representatives repeatedly delayed decisions on a Greenfield store originally slated to open in 2012.

Work on both new stores should wrap up sometime this fall, and developers are aiming for a late September to early October opening, said Colby Price, project manager.
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Tsuda Industries expansion

Posted on March 11, 2016 at 7:57 pm.

Written by Hancock EDC

A local manufacturer is asking county officials for a tax break to support a multi-million dollar expansion project — a development that would add dozens of jobs to the company’s workforce.

Tsuda Industries, a Japan-based auto parts producer, wants to build a 70,000-square-foot expansion to its current facility off West County Road 300N, which opened in 2014. The proposed expansion is expected to cost as much as $55 million, including construction and new equipment, officials said.

Woodland Terrace

Posted on February 25, 2016 at 7:42 pm.

Written by Hancock EDC

NEW PALESTINE, IN. — Best-known for the Crestwood Village Senior Communities, the Indianapolis-based Justus Family of Companies is delighted to announce their newest brand of senior living, Woodland Terrace. The Justus Family of Companies has officially broken ground on a location in New Palestine, IN.

Woodland Terrace of New Palestine is currently under construction at 4400 Terrace Drive, located off US Highway 52 next to Greenfield Banking Company. Residents and families can choose from a continuum of care with 34 Independent Living cottage homes, 77 licensed Assisted Living apartments and 21 private Memory Care suites.

New Commercial Development

Posted on February 17, 2016 at 7:38 pm.

Written by Hancock EDC

McCordsville–The once-sleepy burg of McCordsville is undergoing a transformation that is expected to add a host of new commercial development to the Hancock County town.

Bordering Marion County to the east, McCordsville has seen its population climb the past decade from about 1,200 residents in 2005 to nearly 7,000 now.

‘Always more work to do’

Posted on January 29, 2016 at 7:27 pm.

Written by Hancock EDC

HANCOCK COUNTY — More than 100 business owners, government officials and Hancock County residents attended the Hancock Economic Development Council’s 30th annual meeting on Jan. 20.

Steve Long, president and CEO of Hancock Regional Hospital, was selected as the next president of the council’s board of directors.

DEWALT Expansion

Posted on November 19, 2015 at 7:20 pm.

Written by Hancock EDC

GREENFIELD, Indiana–Maryland-based DEWALT is celebrating the grand opening of power tool manufacturing at its facility in Greenfield. The company says it has created 135 jobs at the facility.

Stanley Black & Decker is the parent company of DEWALT.

Businesses seek tax breaks

Posted on October 17, 2015 at 7:05 pm.

Written by Hancock EDC

GREENFIELD — Three business deals in the works could lead to up to 120 new jobs in Hancock County.

The Hancock Economic Development Council is pursuing agreements with three businesses that are looking to locate or expand in Hancock County. On Wednesday, city and county officials approved tax breaks for Indiana Automotive Fasteners, a company that makes car parts for a variety of vehicles including Toyota and FoamCraft, an Indianapolis-based foam manufacturer.

The county council also gave preliminary approval to tax deduction for County Materials Corp., which manufactures concrete and stone for landscape and construction projects.