Business Development 2016 Wrap Up
3/15/2017 12:00:00 AM
BEDFORD, Ind. (March 15, 2017) -- Radius Indiana continues its focus on attracting, retaining and expanding businesses in the eight-county region. We work closely with our local economic development organizations to monitor projects, pursue new business leads and conduct outreach to site selectors and companies looking to relocate or expand. During 2016 Radius staff, along with some of our LEDOs, traveled to Cincinnati, Louisville, Indianapolis, Cleveland, Pittsburgh, Evansville, Columbus, Chicago and New York to raise awareness about doing business in the Radius region.
A total of 68 new project leads came in through the state, and of those the Radius region was eligible for 43. From the eligible state leads and other local development activities, economic development projects in the region marked nearly $92 million in investments for 11 projects across six counties--with nine of the projects in the form of business retention and expansion and two new projects.
The Regional Impact Fund, which is administered by Radius, awarded nearly $500,000 to area projects in 2016. Those supported projects include Pluto Corporation, GKN Sinter Metals, Manchester Tank and M&C Tech.
New investment in the region resulted in 184 jobs added across the region, and overall, manufacturing, defense, agribusiness and tourism remain key industry clusters for the region and show the greatest potential for growth and expansion.
Radius Indiana applauds the work of our LEDOs, community leaders and stakeholders for helping make 2016 a prosperous and productive year for the region!
ABOUT RADIUS INDIANA: Radius Indiana is a regional economic development partnership representing eight counties in Southern Indiana: Crawford, Daviess, Dubois, Greene, Lawrence, Martin, Orange, and Washington. Formed in 2009, Radius Indiana also serves as a point of contact in Indiana for Naval Support Activity Crane and leads regional collaboration by leveraging the diverse assets of Southwest Central Indiana to drive attraction, retention and expansion of business, thereby increasing employment and investment opportunities and quality of life within the region.