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The Scoop

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Verbatim: Eight area sites receive 'shovel ready' designation

From a written release received Tuesday morning from the Indiana Economic Development Corporation:

INDIANAPOLIS (May 15, 2012) - Eight sites in northeast Indiana earned the title of 'shovel ready' today, paving the way for businesses to quickly locate new operations on property ready for development.

The eight new sites located in Adams (Decatur Industrial Park-Phase III - 67 acres), DeKalb ( Garrett Industrial Park-North Site – 78 acres, Watson Property Site – 70 acres, Yoder Property Site – 59 acres), Huntington (Markle Industrial Park – 55 acres), LaGrange (Fawn River Crossing – 114 acres), Noble (Kendallville East Industrial Park - 111 acres) and Whitley (Rail Connect Business Park – 118 acres) counties join the list of more than 80 other 'shovel ready' sites identified by the state since 2006 that have undergone extensive title work, proof of ownership, legal and environmental review and qualify for expedited permitting with state regulatory agencies.

"Our Shovel Ready program gives companies the flexibility to accelerate the process of locating or expanding their operations," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "When time is of the essence, it is essential to provide these growing businesses with a variety of immediate and equipped choices."

Passed in the 2005 legislative session as part of Governor Daniels' jobs agenda, 'shovel ready' sites are certified by the state's Fast Access Site Team that consists of representatives from the Indiana Economic Development Corporation, governor's office, Indiana Office of Rural and Community Affairs, Indiana Department of Natural Resources, Indiana Department of Environmental Management, Indiana Department of Transportation, Indiana State Department of Health, Indiana State Department of Agriculture and the Indiana State Department of Homeland Security.

Certified sites have been eligible for matching grants to assist with eligible costs associated with applying for the shovel ready program. These sites are listed on the Indiana Economic Development Corporation's Site and Building Database at http://statein.zoomprospector.com/. This online resource allows site selection consultants and businesses to research available commercial and industrial properties that are available for quick development and investment.

About IEDC

Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

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