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Boone EDC Weekly
Greetings from the Boone EDC,
Welcome to Boone EDC Weekly.
As an organization, the Boone EDC is constantly researching and benchmarking to learn what our competing communities are doing to attract and retain business. Boone EDC Weekly is a compilation of noteworthy National and Indiana news about economic development trends. We will also post information about upcoming conferences, events, and
webinars that you may find interesting.
Boone EDC Weekly is another tool that you can refer to as a community leader to help Boone County continue to move forward in a positive manner.
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| Communities See Benefit in Sports Complexes
City of Westfield officials said there's one reason they invested $45 million for a 58-field baseball and soccer complex: They want to reduce tax bills by expanding their commercial tax base.
A sports complex seemed like the obvious decision to bring restaurants, hotels and other businesses to the 30,000-population city about 20 miles north of Indianapolis. "Youth sports is a $6 billion industry," Westfield spokeswoman Carrie Cason said of the under-construction Grand Park, "so we're looking to capitalize on that.
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Fall Opening Targeted for New Albany Industrial Park
Grant Line Industrial Park West could be open by this fall, as New Albany Mayor Jeff Gahan touted the project recently as one of the city's most important economic development tools.
Developing the 40-acre tract of land - which is located just north of Indiana University Southeast - for industrial use has been a priority for multiple administrations. The city is awaiting final approval from the Economic Development Administration, or EDA, which has awarded New Albany a 50 percent matching grant for the first phase of the Grant Line West project.
Click here to learn more.
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Where to Find a Creative Job Class in 2020
More than 43 million people are currently employed in creative class work, a third of the workforce, in fields like science, technology, and engineering; business, finance, and management; law; health care; education; and arts, culture, media, and entertainment.
Though nearly three-quarters (72 percent) of college graduates go on to do this kind of work, four in 10 creative class workers do not hold college degrees, according to analysis by my colleagues at the Martin Prosperity Institute (MPI). Simply holding a creative class job adds about the same amount to wages as having an additional one and a half years of higher education, according to research by economist Todd Gabe.
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USDA Seeks Applications for Rural Economic Development
Agriculture Secretary Tom Vilsack announced on March 5th that USDA is seeking applications for loans and grants to help rural businesses create jobs and spur economic development. The funding is being provided under the Rural Economic Development Loan and Grant (REDLG) program.
Click here to learn more.
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Crawfordsville OKs Bonds for new IVY Tech Building
Bonds to finance the new Ivy Tech building will soon be on the way after the Crawfordsville City Council voted 7-0 to allow the Crawfordsville Redevelopment Commission to issue those bonds. But the discussion wasn't entirely smooth.
The City Council had to consider the possibility Ivy Tech would end the lease after five years or default on the lease and the City would be required to pay the $3.85 million obligation.
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CDFA Webcast Series
Redeveloping and Revitalizing Ohio
Redeveloping and revitalizing the downtown area is a challenge for municipalities of all sizes. During this free webcast, the CDFA Ohio Financing Roundtable will explore the potential for a new, financing-based approach to revitalizing our state's great downtown districts. Hear from a panel of development finance, real estate and business development experts as the panel discusses emerging programs and tools for catalyzing a transformational redevelopment initiative based on access to capital, land acquisition, investor development and innovative strategies.
When: Wednesday March 28th, 2012 @ 1:00 p.m. Eastern
Cost: Free
The Science Behind getting TIF Deals done
Tax increment finance is both an art and a science, and every state does TIF differently. Despite this, the most successful TIF deals across the country have common traits and fact-backed analytics to support them. What are these common traits and analytics, and how can you apply them to your deals? During this installment of the CDFA-Stone & Youngberg Tax Increment Finance Webcast Series, hear experts from model TIF programs discuss their quantitative and analytics-based approaches for consistently closing quality, and sustainable, TIF deals in their communities.
When: Thursday, April 5th, 2012 @ 1:00 p.m. Eastern
Cost: Free
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IEDC Web Seminar: Economic Development in a Digital World
Small businesses are the base of our national economy. To survive a recession, new strategies focusing on supporting entrepreneurs and small businesses are required. This web seminar will explore how economic developers can better incorporate home based workers and businesses into their local economy. It will also explore how we can now access our offices virtually, which means workers no longer need to live in the same region as their business.
When: Wednesday March 21, 2012 @ 11 a.m. EST
Cost: $85 for IEDC members, $125 for Non-members
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Nominate a Company to Watch
 The 2012 Indiana Companies to Watch awards program honors Indiana headquartered second-stage companies that demonstrate high performance in the marketplace or exhibit innovative products or processes. This program seeks businesses from all industries and all regions of the state. For eligibility and other information, visit the link below. |
Meeting Dates:
Boone County Commissioners: - March 19 @ 9 a.m. Boone County Council: - April 10 @ 8:30 a.m. Boone County APC: - April 4 @ 7 p.m. Boone County RDC: - March 16 @ 2 p.m. Advance Town Council: - April 9 @ 7 p.m. Jamestown Town Council: - April 3 @ 7 p.m. Lebanon City Council: - March 26 @ 7 p.m. Thorntown Town Council: - March 19 @ 7 p.m. Whitestown Town Council: - April 10 @ 6:30 p.m. Zionsville Town Council: - April 2 @ 7 p.m. Boone EDC Board of Directors: - March 22 @ 4 p.m. Boone EDC Executive Committee:
- March 15 @ 7:30 a.m.
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