CLINTON COUNTY, Ind. (WLFI) — A newly formed redevelopment commission in Clinton County is working quickly to establish an economic development area along the area’s busiest road.
County leaders hope that in a few years people driving past State Road 28 on Interstate 65 will see more than a gas station and Harley Davidson Store. They are taking steps to change that and bring new business to the stretch of land along State Road 28, just west of Frankfort.
“At our first meeting, we passed a declaratory resolution that established the I-65 economic development corridor which established a future TIF area that will be used to help fund the road for ConAgra,” Redevelopment Commission President Alan Dunn said.
He said the TIF, or tax increment financing, areas will generate money. Dunn said then the county can build infrastructure like roads, install sewer systems and run electricity to an area — laying the ground work to attract business.
“We have certain areas that we think will develop sooner rather than later,” Dunn said. “We’ll capture some tax revenues from those development areas and use that to create the infrastructure farther out that will then in turn attract more business.”
The area is known for its strong food industry, but county leaders said they’re open to other types of business too.
“We really want to see diversity, so it’s not only about food. We love food. We think that’s great because we are such an ag-related community, an agribusiness community, but we’d like to see diversity,” said Shan Sheridan, Clinton County economic development director.
“We kind of see ourselves as a hub for that, but I don’t think we’re limiting ourselves to that. We would like to see good, high-paying manufacturing jobs no matter what they are,” Dunn said.
Sheridan said it’s hard to predict when new industries will come to the county, but there is already a lot of interest.
“We talk to people almost every week that are at least looking at us and when you have those big announcements, like ConAgra and Indiana Packers, it just draws more attention to us,” Sheridan said. “We think that, that is going to be a big thing.”
The TIF districts were approved by county commissioners Monday night. It goes back to the Redevelopment Commission later this month for final approval.