Jasper Touts String of Recent Growth

Posted: Updated:
Jasper Mayor Terry Seitz Jasper Mayor Terry Seitz
JASPER -

The mayor of Jasper says the last month has been a prosperous one for his city. Terry Seitz says more than $34 million in investment has been announced for the Dubois County city recently. Projects include expansions by Kimball International Inc. (Nasdaq: KBAL) subsidiary Kimball Hospitality and German American Bancorp Inc. (Nasdaq: GABC).

The largest investment total, up to $18 million, is for a new senior living community and memory care center from Legacy Living of Indianapolis that is expected to break ground in November. Franchisee SERVUS!, which is based in Jasper and owns some 160 restaurants and theaters throughout the country, has planned a new headquarters. German American Bancorp's investment in a planned operations center is expected to be around $6 million. Kimball Hospitality is looking to expand its presence in its home city.

Seitz says "I've had people say they are ‘stoked’ about Jasper's future and with so many regional, national and international companies established here perhaps we should use the slogan 'City of Headquarters.' We are certainly investing for our future."

Community Development & Planning Director Darla Blazey says it's a busy time for Jasper. "We've had continued investment from our established businesses and the interest in our community from new developers. All sectors of the economy are experiencing growth," she adds.

Officials say the city's former electric plant has been the focus of interest form a technology company that is considering repurposing the facility for "non-generation uses later."

  • Perspectives

    • "Wood" You Consider Investing in Timber?

      Looking for an untraditional way to diversify your traditional stock and fixed-income portfolio? If so, try thinking outside the typical realm of investable assets. Don’t know where to start? How about going against the “grain” and investing in timber? Why Trees? Investing in timber can yield a number of benefits. The main draw of having timber in your portfolio is its low, long-term correlation to traditional investments such as stocks and bonds. Low correlation...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • 1SI executives Matt Hall and Wendy Dant Chesser talked about the project on Inside INdiana Business.

      Momentum Building at 'Hot Spot' River Ridge

      As economic development officials in southeast Indiana welcomed news last week of Louisville-based PharmaCord's plans to invest $52 million and add up to 850 jobs at the River Ridge Commerce Center, they were quick to add there is more development on the horizon. River Ridge is a sprawling, 6,000 acre park located between Jeffersonville and Charlestown that was once home to the massive Indiana Army Ammunition plant and thousands of jobs. Today more than 50 companies call River...

    • Foppers CEO Michelle Leffurt (left) and Executive Director of National Sales Emily Gillam

      Logansport Company Selected in Walmart Open Call

      A Logansport-based dog treat manufacturer is one of several companies chosen to have their products sold on Walmart shelves. Foppers Pet Treat Bakery took part in Walmart's annual Open Call event, in which hundreds of small businesses and entrepreneurs pitched their products for the chance to sell them in stores. Foppers Chief Executive Officer Michelle Leffert says she was shocked to hear she was selected during the two-day event at Walmart's headquarters in Arkansas.

    • Colts Name Overton As Producer

      The Indianapolis Colts have named Larra Overton as the team's new producer and on-air talent. Overton currently is a sports reporter and anchor for Fox59 WXIN/CBS4 WTTV. She will serve as producer for Colts Productions and will serve as the television sideline reporter for preseason broadcasts and radio sideline reporter for regular season games. Overton holds two degrees from Indiana University. 
    • Bethel University Names CFO

      Bethel University has named Jerry White as vice president for administration & finance and chief financial officer. White most recently served as COO at Culver Academics and will begin his new duties on August 19. He has nearly two decades of business and finance career experience with prior positions as vice president for finance and administration at Albion College and as vice president at Spring Arbor University. 

    • Stacy Deitrich

      MutualFirst Adds Deitrich

      Muncie-based-MutualFirst Financial has appointed Stacy Deitrich loan originator at the bank's subsidiary, Summitmortgage in St. Joe, Michigan. She has worked in the mortgage lending industry for ten years.