TERRE HAUTE, Ind. (WTWO/WAWV) – The 2,435 acre Vigo County Industrial Park is the home of several manufacturing plants for various companies.
According to Steve Witt, president of the Terre Haute Economic Development Corporation, it’s important to find ways to accommodate businesses in this area.
“It’s such a competitive industry, economic development, that it’s really like the game ‘Survivor’. You hope to be the last person standing and if you’re not ready to accommodate a company, they’ll cross you off the list and go on down the road,” Witt said.
Tuesday, efforts to accommodate companies continued.
The Vigo County Redevelopment Commission approved a resolution for improvements to the industrial park which include the reconstruction of Harlan Road, resurfacing of Pfizer Drive, patching of Industrial Drive, and railroad maintenance.
“Everyone from workers in the park to semi-truck drivers and so on will benefit from that. Our companies that use rail will benefit from that,” Witt said.
The expected $3 million dollar project will be paid for by Tax Increment Finance areas or “TIFs”.
It is money that has been created by a net increase in assessed property value to the Staples and and Certainteed areas of the industrial park.
“It’s been collected over the years and now we can use it for the investments we need to improve,” said Rick Burger, president of Vigo County Redevelopment Commission.
Burger says he does believe that through these improvements it will show more people that Vigo County is a place that they can bring their companies.
“When they see those investments and they want to come in here and give 100 million dollars to put a factory in here and our 3 million is just a small piece of the pie, but you’ve got to prove to them that you’re a partner, and I believe this is what we’ve proven through the Vigo County Redevelopment,” Burger said.
According to Burger these improvements must also be approved by Area Planning and Vigo County Commissioners.
Both Burger and Witt say these improvements will not have an effect on taxpayers.