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Pike County Developments Newsletter
IN THIS ISSUE

Yields of 2017

Pike County 4,000-acre Master Plan Update  
 
Pike County Housing Update
 
Secured EDA Grant for Entrepreneurship & Technology Center
 
Revolving Loan Fund
 
Event Center Coming to Prides Creek Park
 
 
 
Event Center Coming to Prides Creek Park
Quality-of-Life is critical to economic development and the longevity of Pike County. Quality-of-Life is enhancing the quality/sense of place, and the livability of a community or county.  When you assess livability you analyze the social, economic, and ecological areas of livability in a boundary. Quality of place is important for economic development for retaining existing citizens, attracting workforce, and business attraction. That is why the EDC strongly supports, and assisted Pike County Parks & Recreation Department, in retaining a grant through the Indiana Office of Tourism Development for $228,900. The Pike County Parks & Recreation Department just received approval to use Park funds in the amount of $450,000 to construct the building with utility extensions, and paving.   

The Event Center will be a great asset to Pike County and the region. We look forward to bringing the community together and having monthly community events that are family-friendly, as well as a venue for weddings, corporate events, carnivals, concerts, etc.  Pike County has not been privileged in the past to have large events and the EDC is confident that this will enhance the quality-of-life for Pike County residents and assist in increasing our population. This asset represents Pike County’s momentum as a forward-thinking community in economic development bringing generational change.
 
For more information and updates at Pike County Economic Development Corporation, like us on Facebook or contact Ashley P. Willis at pikegrowth@pikeco.org or 812-354-2271.
Pike County 4,000-acre Master Plan Update
Over the last 8 months Pike County EDC has een bworking diligently with Rundell Ernstberger & Associates, Midwestern Engineers, and AECOM to form a well-thought out and calculated plan for future development throughout 4,000 acres. The future development plan includes land uses for residential, retail, commercial, light industrial, and heavy industrial. The plan is 97% complete and we are just finalizing the packaging of the final product. The master plan is a living, breathing document that will serve as the roadmap for development and a marketing piece throughout 2018 and 2019. A lot of time and resources have been spent to create a plan with all of the necessary due diligence. Pike EDC looks at 2018 as the year to market Pike County and its many assets for economic development, with our interstate access, rail access, abundant infrastructure and a willingness to invest in projects to bring them to fruition in Pike County.  Pike County, Indiana is aggressively working on business attraction in the coming year!
 
Pike County Housing Update
Pike County’s housing study was completed at the end of September this year with the help of Ratio Design.  This study highlighted areas for multi-family and single-family housing throughout Pike County and evaluating utilities, broadband, schools, and quality-of-life amenities near the targeted residential areas.  Pike County has little housing inventory and as a result there is an urgent need for residential development of all types.  In the future we are looking forward to sharing the housing data with potential developers that are willing to invest in Pike County.
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EDA Grant for Entrepreneurship & Technology Center Secured
Our foundation, Pike County Progress Partners, applied for a U.S. Economic Development Administration grant for the Entrepreneurship & Technology Center of Pike County and were successful! The EDA grant award totals $787,500 towards the construction of the facility and we are thrilled to be moving forward by leaps and bounds on this project. The project is a symbol of innovation, a business development center, and resource for existing employers who need to train existing employees. It is located at Pike County’s front door on Interstate 69. Our first step is go through architect procurement and we have already begun the process. Stay tuned for more details.
 
Revolving Loan Fund
Pike County and the City of Petersburg’s Revolving Loan Fund was formed by an interlocal agreement in 1995 through a partnership between the City of Petersburg and Pike County. They applied to the Economic Development Administration to create our local Revolving Loan Fund. The purpose of the Revolving Loan Fund (RLF) was, and is, currently used to promote job creation, private investment, business retention and expansion, and to create new business.  The RLF is for any current business or upcoming new business to utilize, it is intended as a tool to increase private investment in Pike County and/or the City of Petersburg. Any business that creates jobs is eligible to apply to the Revolving Loan Fund as a secondary lender, or, if they are short on their down payment.  The minimum application amount is $5,000 and the maximum loan amount is $125,000. The interest rates are usually low, often below market interest rates. The Revolving Loan Fund is a tool to assist start-up businesses thrive in Pike County and/or City of Petersburg. If anyone is looking to start up a new business or learn more about this opportunity I encourage you to reach out, as there are funds available today to be utilized for business ventures! If anyone is interested in more information or in picking up an application form you may go to City Hall in Petersburg or contact Mayor Klipsch at (812)354-3396.
 
Pike County Welcomes JETRO
Pictured Left to Right: (John Mandabach, Mayor RC Klipsch, Ralph Inforzato, Tsubasa Hashimoto, Paul Wheatley, and Ashley Willis)

  Pike County welcomes a visit from JETRO (Japan External Trade Organization) on December 21, 2017.  JETRO’s visit came about from a networking reception which Mayor Klipsch attended and invited the JETRO organization to visit Petersburg and Pike County to learn more about our economic development efforts and build upon our relationship.  JETRO’s mission is to promote Japanese investment in the U.S. market and also assist interested U.S. businesses expand their footprint overseas into Japan.  Indiana is fortunate to have over 280 Japanese business facilities that employee nearly 58,000 associates.  It was a great opportunity for Pike County and JETRO to build our relationship and share more about the Southwest Indiana Megasite, shovel-ready sites, abundant utility infrastructure, our strong public-private partnership, and transportation with Interstate 69 and two rail providers within the megasite and learn about the unique business resources JETRO provides to many companies that provide wonderful Hoosier jobs. 
© 2017 Pike County EDC, Inc. PO Box 204 • 1592 State Road 61 • Petersburg, IN 47567 • 812.354.2271 • pikegrowth@pikeco.org