MUNCIE, Ind. – As much of the economy of Indiana and the United States shrank during the pandemic, Delaware County intensified last year and broke investment records, according to Brad Bookout, County Economic Development Director.
Bookout delivered a report on economic development in 2021 to county commissioners on Monday. It included what he called a record number of economic development announcements, a record number of innovations and $ 793 million in economic investment, which he said was the biggest annual investment in history. County.
Bookout, which Yorktown-based Augusta Consulting LLC. Has contracted with the county, said 2021 has turned out to be stronger than any year in memory in terms of development projects.
He identified CANPACK, a Poland-based can maker that is currently building a $ 490 million factory on Fuson and Cowan roads. The 862,000 square foot facility is expected to employ 425 people by the end of its second phase and pay them a salary, the company promises, which is at least 125% of the average salary paid in Muncie.
Bookout compared the size of the CANPACK project to that of BorgWarner when this iconic manufacturer from Muncie built their factory on the west side of Muncie. He attributed the arrival of the plant to work done by Traci Lutton of the Muncie-Delaware County Economic Development Alliance with assistance from commissioners and the Delaware County Redevelopment Commission.
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Other projects cited by Bookout include:
• Completed construction of a new $ 20 million, 149,000 square foot manufacturing plant by INOX, a leading supplier of stainless steel to the home appliance industry. The factory will specialize in slitting and forming stainless steel. The property – which will house INOX’s North American headquarters – will create approximately 100 new jobs over five years.
• Purchase by Muncie Power Products of the former 127,000 square foot Brevini building in the Park One / 332 industrial park with the intention of consolidating some of its activities there after adding an additional 100,000 square feet. Muncie Power Products invests over $ 20 million and employs 144 people.
• North Central Industries’ purchase of the old, long-unused City Machine building at 1302 E Washington St. Fireworks importer with a long history in Delaware County plans to invest $ 2.5 million to transform warehouse building and hire up to 20 new employees.
• Mid-West Metal Products, a local company established in 1921, which completed a $ 3 million equipment upgrade. The company has 145 employees.
• Narenco’s announcement of its $ 88 million Hawthorn Solar farm. The North Carolina-based company will build its 75 MW solar farm southeast of Albany.
• Invenergy, one of the world’s leading renewable energy providers, has announced that it will build a large, $ 155 million, 163 MW solar farm, Meadow Forge, in Washington Township, north of Gaston. Invenergy is headquartered in Chicago.
• Work begins on a $ 6 million mixed-use development in Yorktown. The City of Yorktown led the project with construction by Rebar Development. “The Oliver” will include 26 apartments, shops and potentially a restaurant.
• Optum Health inaugurated its new $ 6.8 million medical office northwest of Muncie.
• East-Terra Plastics purchased the former Marsh Supermarkets warehouse in Yorktown with the intention of opening a plastics recycling facility. The company’s investment is $ 2.2 million.
• Clearline Technologies, which manufactures rubber retarders, parking blocks and roof supports, plans to move into the former JD Norman building at Center Industria. The company plans to invest up to $ 4 million and hire 10 to 20 people.
• A $ 1.3 million investment in a vacant industrial site in Albany turned it into The Wedding Factory. The century-old McCormick building has been redeveloped to include a wedding and events center.
• The new municipal building in the town of Daleville is almost finished. This is a joint project between Delaware County, the City of Daleville and the Delaware County Redevelopment Commission.
• Muncie’s former municipal garage, which during its 100-year history also housed car dealerships and a mid-century bakery delivery office, was purchased by Myers Performance Engineering with the intention of transforming the garage into a classic car culture and hot rod destination. The project brings the long vacant city building on the tax rolls.
• The Hilltop Motel, an abandoned and dilapidated motel located south of Walnut Street within the city limits of Muncie, was a haven for illicit drug activity and had not been sold in recent tax sales. The Delaware County Redevelopment Commission funded its demolition and a request for redevelopment proposals will be issued in 2022.
• And finally, a mother-son team, the Thornburgs, opened Iceburg Ice Cream in a vacant bakery in downtown Albany. The company sells homemade ice cream with special flavors.
Bookout told commissioners the county faces the challenge of finding enough employees to fill the jobs created in the community.
At the December 20 meeting, the Commissioners congratulated Bookout on his work and agreed to sign a new three-year contract with Augusta Consulting which will pay the company $ 20,054.28 per month for its economic development work and $ 6,883 per month for its remodeling service provision work. .
David Penticuff is the local government reporter for the Star Press. Contact him at [email protected]
This article originally appeared on Muncie Star Press: Delaware County retains Augusta Consultants again for econ-devo work