The Economic Development Perspective
Marshall County Economic
Development Corporation
|
|
Work Begins on Argos Manufacturing Center
After several years of planning sessions, negotiations, and consensus building, the Argos Manufacturing Center is under construction. Site grading began this month and foundation work will start as early as next week. The building is specifically designed to attract businesses looking to expand quickly. It will be 50,000 sq. ft., expandable to 300,000 sq. ft., and the interior is customizable depending on the needs of the future tenant. The building (shell) will be completed by spring 2018, allowing MCEDC to begin marketing it to new businesses.
This project has been made possible thanks to the support of many partners. The Argos Council, MCEDC Board, RDA, and Lake City Bank have come together to finance this truly innovative economic development initiative. MCEDC is serving as the building developer, making this the first manufacturing center in the state constructed without a private developer. Others involved in the planning and funding include the Marshall County Commissioners, Marshall County Council, NIPSCO, IMPA, Norfolk Southern, and Marshall County Community Foundation. We look forward to welcoming a new business to Argos very soon thanks to the cooperation and vision of our community in launching this project.
|
|
2017 Milestones
As the year draws to a close, we'd like to reflect on some of the accomplishments that our County has experienced. This snapshot of economic development activity shows that 2017 was a year of significant growth for Marshall County. We are sure that this momentum will continue in the coming year thanks to the support of our community.
Argos
- Argos Manufacturing Center groundbreaking - $2.3 million capital investment
- Regional Cities funded $400,000
- Below market rate building for which MCEDC built consensus, secured financing, and will serve as developer
- Argos Comprehensive Plan approved and implemented
- 12 meetings held with 18 steering committee members
- Reservoir refurbished and control panels updated to improve operations
- Colonial Estates property purchased by Town
- Colonial Court expansion underway - 3 new module units built
- Broadband expansion near completion - 2 of 3 hubs built in Town
Bourbon
- Dollar General expands to Bourbon - $1 million capital investment
- Town extends sewer to location - $80,000 capital investment
- Bourbon Comprehensive Plan approved and implemented
- 10 meetings held with 27 steering committee members
- TIF district to developed include 80 acres of annexed land
- Planning underway for 75 acre, 140 unit residential development
- Food Truck Friday, featuring food vendors and entertainment, launched to encourage commercial activity and enhance quality of life
Bremen
- Selected for OCRA Hometown Collaboration Initiative
- Rolling Meadows housing development phase I infrastructure completed
- Regional Cities funded $83,000
- Southwire purchased 28 acres of land for upcoming expansion
- Lift stations upgrades planned throughout town - $1.4 million capital investment
- Downtown streetscape plan in development - $1.25 million capital investment
- Façade grant funded 10 business exterior revitalizations - $60,000 capital investment
- New ambulance facility purchased and refurbished to cut costs and increase efficiency
Culver
- Stellar Community Designation (10/18)
- Main Street Designation (6/17)
- Elkay expansion - $3.9 million capital investment (tax abatement secured 3/29)
- Sand Hill Farm housing development groundbreaking - $3.8 million capital investment
- Regional Cities funded $270,000
- Residential tax abatement secured
- Culver Municipal Water Plant completed - $1.1 million capital investment
- "Choose Culver" business and resident marketing flyers (2) launched
- Façade grant funded 6 business exterior revitalizations - $30,000 capital investment
LaPaz
- Old Michigan Road construction underway - $1 million capital investment
- Properties (2) rezoned to C2 Commercial by County in order to annex land, create TIF district, and develop US Hwy 31 commercial corridor
- US Hwy 6 interchange development planned
Plymouth
- Main Street Designation (3/9)
- Farm Innovators expansion - $400,000 capital investment (tax abatement secured 3/14)
- American Containers expansion - $547,000 capital investment (tax abatement secured 9/26)
- CTE Solutions purchased 11 acres of land in Tech Farm for upcoming expansion
- River Gate South housing development groundbreaking - $10 million capital investment
- Regional Cities funded $1.5 million
- Residential tax abatement secured
- Plymouth High School awarded Education Workforce Innovation Network grant to advance Precision Machining programing
- Rees Theater restoration underway
- Regional Cities funding approved by RDA - $300,000
- Pretzels Inc. grand opening held - $18 million capital investment and 65 jobs created
- INDOT Plymouth Subdistrict Facility opens - $7 million capital investment
- Wayfinding signs installed around city - 24 locations
|
|
Invest in Marshall County
The Marshall County EDC would like to say thank you for your commitment in supporting the "Invest in Marshall County" campaign. The private/public partnership was launched in 2015 to increase private sector support for economic development.
2017 investors include:
| Town of Argos Town of Bourbon Town of Bremen Town of Culver Town of LaPaz City of Plymouth Marshall County 1st Source Bank Applegate & Company Artizan Flooring Banner Electric, Inc. Business Development Corporation Centier Bank CenturyLink Collins & Company Realtors, Inc. Culver Redevelopment Commission DAC Enterprise, Inc. Easterday Construction Company, Inc. Easterday Houin, LLP Elkay Wood Products Farmers Mutual Insurance Company Faulkner Fabricating, Inc. First Farmers Bank & Trust First Federal Savings Bank First National Bank of Monterey Gibson Foundation, Inc. Harmony Marketing Group Hoosier Racing Tire |
Hughes Insurance Group iAB Financial Bank Indiana Michigan Power Marshall County REMC Masterson & Associates, Inc. McKeson Title Corp. Meridian Title Corporation Michigan Contracting, Inc. Miller Insurance Morrow Insurance Agency, Inc. NIPSCO Plymouth Chamber of Commerce Plymouth Foundry Plymouth Industrial Development Corporation Plymouth Redevelopment Commission Pregis Innovative Packaging Pretzels, Inc. Saint Joseph Health System Schoberg & Schoberg, Inc. South Bend Regional Airport SRKM Architecture LLC Swan Lake Resort and Conference Center Teachers Credit Union Viking Paper Corporation Wabash Valley Power Association Wiers International Zentis Food Solutions North America
|
Thank you, together we will strengthen and grow Marshall County's economy.
|
|
