Newport Brochure November 2010

D E V E L O P M E N T
O P P O R T U N I T Y
West Central Indiana is primed for new low-cost,
low-environmental-impact investment. Within a
two-day drive of two-thirds of the U.S. you’ll find a
diverse economy and a quality of life that’s the envy
of more populated areas. World-class corporations
like Eli Lilly and Sony maintain major manufacturing
operations here. Take a closer look and you’ll find:
•
A skilled, capable, highly productive workforce with experience in building and operating facilities of the
highest magnitude and complexity, from power plants
and steel mills to advanced manufacturing and major distribution facilities.
• A vital transportation infrastructure that connects you with the world via easy access to state and U.S. highways and Interstates 70 and 74; rail with CSX Transportation;
and air from community airports like Terre Haute
International, capable of accommodating a 747, and
Indianapolis International Airport’s major FedEx hub only
an hour away.
•
Abundant and economical utility services provided by
Duke Energy, Hoosier Energy, Vectren and others, who
maintain a robust utility infrastructure capable of serving most any need, and the abundant Wabash River aquifer, which can be tapped to provide a nearly unlimited supply of water as needed.
• Several outstanding institutions of higher education draw students from around the nation and many foreign countries. They stand ready to partner with business and industry in developing problem-solving technology.
• A highly sought after quality of life is highlighted by excellent healthcare facilities and doctors in most specialties, a regional retail hub and rich cultural amenities, recreational opportunities and leisure activities.
Indiana
Outstanding institutions draw students from around the world to West Central Indiana
Purdue University
Illinois State
Wabash College
University of Illinois
1
DePauw University
Saint Mary-of-the-Woods
Rose-Hulman
Harrison College
Indiana State
Eastern Illinois University
Ivy Tech
IU Indianapolis
2
3
IU Bloomington
Illinois
West Central Indiana
Ready for development in West Central Indiana are close to 30 industrial sites and buildings, including the major ones highlighted here.
1.) Greencastle Shell Building
3.) Chinook Mega Site
straddling Vigo and Clay counties
Owned by a single entity, this
Greenfield site is approximately
7,000 acres, eight miles east of
Terre Haute. The property boasts
size, significant nearby utilities
and adjacent major highway, rail
and air transportation.
is a 50,000-square-foot expandable
industrial building located on a 9.76-acre
site in Greencastle’s Enterprise Park.
Property owner Garmong Development
Company can finish out the facility to meet
a wide range of distribution and manufacturing operations including food processing. Greencastle offers easy access to I-70
and the Indianapolis International Airport.
2.) Pfizer Site in Vigo County
The former Pfizer-Terre Haute Plant
is 845 acres under one ownership
with 350,000 square feet of
multi-purpose cGMP manufacturing
space located six miles south of
I-70 via U.S. Highway 41.
Newport @ Vermillion
The 7,155-acre, single-ownership
Newport @ Vermillion site on State
Highway 63 in Vermillion County,
between I-74 and I-70, with a
50/50 balance between built,
natural and environment uses.
Look inside to learn more.
Indiana’s low cost of living and favorable business climate have attracted more than 700 international companies to
set up shop in the state. Companies operating in Indiana have access to world-class infrastructure, a skilled workforce
and reliable, affordable energy. International companies employ more than 18% of the state’s manufacturing workforce.
Detroit
Grand Rapids
Milwaukee
Madison
Cleveland
Chicago
Cedar Rapids
Toledo
Pittsburgh
Fort Wayne
Des Moines
Peoria
Columbus
Indianapolis
Springfield
1 hrr
3 hrr
Kansas City
Cincinnati
Louisville
St Louis
5 hr
Charleston
Lexington
Evansville
West Central Indiana is located within a day’s drive of 65% of the U.S. population and portions of Canada.
Springfield
Major investor companies in Vermillion County include:
Nashville
White Construction, Inc - An investment in
the future of Indiana’s Premier Renewable
Energy North American Headquarters.
Knoxville
Eli Lilly Clinton Labs - Manufactures Lilly
products as well as several products for
Elanco Animal Health.
Newport @ Vermillion, unique among “mega-sites,” offers a balance of large-scale enterprise opportunities with
significant natural environments. The site’s allocated land uses achieve a near-50/50 split between natural and
built areas, with abundant parkland, natural and open spaces, agriculture and forestry surrounding areas
designated for business and technology, conference and support facilities and highway-oriented commercial
development.
The 7,155-acre Newport @ Vermillion site offers developers the
advantage of single-owner control; abundant, low-cost utilities; and
superior transportation access.
• Duke Energy’s Cayuga Power Plant, located just north of the • The main facility is 4 miles east-to-west by 2.75 miles
• A natural gas line is located adjacent to the site.
site, is capable of providing ample electric power into the future.
north-to-south. It includes a 60-acre railroad right-of-way and
70-acre water-source parcel along the nearby Wabash River.
• The site is equipped with state-of-the-art fiber optic capabilities.
• The site’s aquifer access can supply 100 million gallons of water a day.
• An east-west parkway serves as the site’s main artery, connecting • The Reuse Authority is authorized by the State of Indiana to supply fresh water as well as wastewater treatment (from a plant on-site).
state highways 63 and 71. Highway 63 links the site to I-70 and
I-74. Railroad access is available from the south and east.
D E V E L O P M E N T
O P P O R T U N I T Y
Business and technology uses in the Newport plan are
flexible to allow for changing markets into the future.
Three “mega-sites” accommodate major developments and
additional sites allow for smaller-scale business/technology.
Uses could include office/industrial parks, research/testing, manufacturing/fabrication, storage/distribution, energy
production, agribusiness, energy research/education and
institutional uses.
Facilities for shared research, support and conferencing,
available in a central location on the site, promote
collaboration and economies of scale and, along with a
park area, create a special focal point for the site.
An area along Highway 63 near the site entrance will be
developed for hotels, restaurants, an auto/truck service
plaza and a convenience store to serve Newport users
and the general community.
Major forest areas, natural drainage-ways and portions of
tall grass prairie remain protected as natural areas. A green
corridor with recreational trails connects all natural areas
and preserves wildlife corridors. Acreage adjacent to the
central conference and support area will provide two parks
with walking trails and landscaped and picnic areas.
Areas with the best soils for farming are reserved for
agriculture and forestry uses. Farming will continue in
business and technology areas until market demand
supports development.
Indiana ranks sixth nationally – and tops in the
Midwest – in Area Development magazine’s
“Top States for Doing Business” ranking!
It’s near the top in five of eight categories
important to site selection consultants,
including second nationally for infrastructure,
third for labor climate, fourth for fast-track
permitting, fifth for lowest business costs,
and fifth for business friendliness.
• Research and Development - A 15% tax credit Indiana has the business environment you
need to successfully meet your objectives
and industry initiatives that are designed to
stimulate growth, innovation and profits. Some
of these include:
• Clean Energy Credits - Credits for companies • Economic Development for a Growing Economy (EDGE) tax credits - Refundable tax credits based on additional employee payroll withholdings for net new job creation.
• Hoosier Business Investment (HBI) tax credits - Credits driven by a company’s increased
investment in new buildings, facility
improvements and equipment.
based on an increase in qualified research expenses and a refund of state sales tax paid on R&D equipment.
• Hoosier Headquarters Relocation tax credit - A credit that can offset up to half the cost
of relocating corporate headquarters to Indiana.
completing energy efficiency or renewable energy projects that prevent NOx emissions.
• Local incentives such as tax abatements, Tax Increment Funding (TIF) districts and community-specific programs.
IndianaFact: Site Selection magazine recently
ranked Indiana as the number one competitive
state in the nation based on the number of new
facilities attracted to the state, the number of
businesses that undertook significant expansion
and the number of jobs created.
• Hoosier Alternative Fuel Vehicle Manufacturer IndianaFact: The state has three fully modern
ports.
• Skills Enhancement Fund - A reimbursable IndianaFact: Indiana is one of the least
expensive places to live in the nation with
housing costs well below the national average.
tax credit - A credit applied toward investment in the manufacture of alternative fuel vehicles.
grant program for manufacturing and
distribution companies and headquarters operations that are committed to training their workforce.
• Tax-exempt Bond Program - Provides
manufacturers with a lower borrowing cost by reducing interest rates.
D E V E L O P M E N T
IndianaFact: Indianapolis is the racing capital
of the world and the state is home to the largest
race tire manufacturer in the world.
IndianaFact: Several Indiana cities rank among
the best green cities in the U.S.
O P P O R T U N I T Y
Indiana’s Premier Business & Technology Megasites
Newport @ Vermillion County
For more information, contact Bill Laubernds, Executive Director
Vermillion County Economic Development Council
Newport Chemical Depot Reuse Authority
259 Vine Street, Clinton, IN 47842
Phone: 765.832.3870
Fax: 765.832.3871 (fax)
[email protected]
www.NeCDRA.com