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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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Boone EDC Announces 2012 Annual Meeting
The Boone County Economic Development Corporation announced that its 2012 Annual Meeting sponsored by Metronet and Skjodt-Barrett Foods will be held on Wednesday, July 18th at Eagle Church in Whitestown, IN. The meeting will commence at 7:30 a.m. and adjourn at approximately 9:30 a.m.
Governor Mitch Daniels will be the keynote speaker for the meeting.
The Boone EDC will be raffling off an iPad sponsored by Hachette Book Group. The proceeds of the raffle will be donated to Boone County Councilperson David Rodgers and his family to be used to cover unexpected expenses related to the councilperson's recent accident. Tickets for the raffle will be $20 a piece or three for $50. Donations are also welcome. Please bring cash if you wish to participate.
A continental breakfast with pastries, fruit and juice will be provided free of charge and sponsored by Edward Jones. This meeting is open to the public and there is no cost to attend.
Sponsored by:
 
Food Sponsor: Councilperson Rodgers Raffle Sponsor:
 
Click here to learn more.
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| Whitestown Approves Abatement for Spec Building
Boone County will have a new speculative building near Anson by January 2013.
The Whitestown Town Council approved a tax abatement for Duke Realty to build a 598,000 square feet facility near the Amazon building. "This will be the only spec building in Boone County," Council President Dawn Semmler said. "It will be vacant and ready for new business."
The total amount to be abated is $1,805,975. Duke will still pay $2,724,798 in taxes on the 32 acre lot at the corner of County Road 400 South and County Road 400 East.
Click here to learn more.
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| Fort Wayne Launches Front Door Initiative
Fort Wayne unveiled a 10-year strategy Wednesday to improve the appearance and navigation of the city's primary entry points.
Mayor Tom Henry said the city plans to dedicate $420,000 to the gateway project initially. The money, he said, would come from the nearly $8.5 million in taxes withheld in error by the state and recently returned to the city.
Some of the $420,000, he said, would be match money to encourage private-sector participation in the Front Door Fort Wayne effort.
"A community built for success understands the power of the first impression," Henry said in a statement. "By investing in our gateways, we make our city more welcoming and attractive to businesses, visitors and residents alike.
Click here to learn more.
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Why are the Chinese Investing in Toledo
In March 2011, Chinese investors paid $2.15 million cash for a restaurant complex on the Maumee River in Toledo, Ohio. Soon they put down another $3.8 million on 69 acres of newly decontaminated land in the city's Marina District, promising to invest $200 million in a new residential-commercial development. That September, another Chinese firm spent $3 million for an aging hotel across a nearby bridge with a view of the minor league ballpark.
While the national economic conversation on China is preoccupied with Chinese-held government debt, local governments have been working for deals that benefit local economies. "My vision is to make Toledo a true international city," Toledo's Mayor Mike Bell said. Bell is not alone: many mayors and other local officials have traveled to China to meet with potential investors and visit joint ventures between U.S. and Chinese companies.
Chinese citizens are second only to Canadians in the number of real estate investments in the U.S., according to the National Association of Realtors.
Click here to learn more.
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| Central Indiana Intern Initiative to Begin
A new initiative for Central Indiana interns combines professional networking, community service and cultural immersion. The Indy Interns' community engagement initiative program, led by Indiana INTERNnet, begins this Saturday.
The goal of Indy Interns is twofold: create a network of interns from Central Indiana companies and introduce them to the vibrant community, with the goal of "selling" the region as a great place to live, work and play.
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Boone County Company Plans to Hire
United States Cold Storage, located in the Lebanon Business Park, says that that the company plans to hire 40 additional employees by the end of July. Adam Ashley, General Manager of the Lebanon facility said, "We are experiencing growth from our current customers and new customers resulting in this need for additional employees. This is great news for USCS and the Lebanon community."
Dax Norton, Executive Director of the Boone County Economic Development Corporation said, "US Cold Storage continues to surpass expectations. They have been a great community partner and we're ecstatic that they continue to invest in their operations here in Lebanon."
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Boone County Polo Event
The 9th Annual Boone County Polo Event will take place on July 14, 2012 at the Hickory Hall Polo Club located north of Zionsville in Whitestown, Indiana. Gates open at noon, with the match beginning at 1 p.m. Proceeds from the annual fundraiser will benefit the Witham Health Services Foundation, which supports hospital projects in the Boone County community, as well as Boone County Senior Services, which provides life sustaining and enriching services for older adult residents.
General admission is $20 per car, or polo boxes can be purchased by local businesses, clubs and individuals/families. Polo box registration forms are available at www.booneseniors.org or by contacting 765-482-8112.
Boone County Polo Facebook Page
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YOU'RE INVITED!
The Boone EDC Annual Meeting sponsored by Metronet and Skjodt-Barrett Foods will be on Wednesday, July 18 from 7:30 a.m. - 9:30 a.m.
The Boone EDC will be raffling an iPad sponsored by Hachette Book Group with the proceeds benefiting Boone County Councilperson, David Rodgers and his family.
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Meeting Dates:
Boone County Commissioners: - July 2 @ 9 a.m. Boone County Council: - June 26 @ 8:30 a.m. Boone County APC: - July 4 @ 7 p.m. Boone County RDC: - July 20 @ 2 p.m. Advance Town Council: - July 9 @ 7 p.m. Jamestown Town Council: - July 3 @ 7 p.m. Lebanon City Council: - June 25 @ 7 p.m. Thorntown Town Council: - July 16 @ 7 p.m. Whitestown Town Council: - July 10 @ 6:30 p.m. Zionsville Town Council: - July 2 @ 7 p.m. Boone EDC Board of Directors: - July 26 @ 4 p.m. Boone EDC Executive Committee:
- July 12 @ 7:30 a.m.
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