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

    • The Evolution of Business: From Bottom Line to Value Creation And Impact

      In today's world, consumers want to know how corporations, as a whole, are taking a stand. In fact, customers are 43 percent more likely to purchase a product from a company they know is committed to social value. It's not just consumers pushing this trend. Financial service industry leaders, like KeyBank's Beth Mooney and BlackRock's Larry Fink, are challenging business owners and the C-Suite to rethink their economic impact, environmental footprint and social conscience.

    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

    • St. Vincent Announces Layoffs

      St. Vincent Health says it has laid off 85 employees throughout the state. In a statement to Inside INdiana Business, St. Vincent cites a rapidly-evolving healthcare environment as a reason for the workforce reduction. 

    • Indy Firm Taps Appirio Exec as CEO

      An Indianapolis-based design and innovation consulting firm has named a new chief executive officer. Studio Science says Steve Pruden, who most recently served as senior vice president of human resources with Indy tech company Appirio, will lead the company.

    • The work is expected to be complete by August 2020.

      Jasper Company Earns Military Contract

      Jasper-based Krempp Construction has earned a nearly $17 million military contract. The deal involves the construction of new buildings at Naval Support Activity Crane in southern Indiana, as well as the demolition of 11 buildings. The contract with the U.S. navy calls on Krempp to construct a shipping and receiving building, as well as an ammunition production building for plating metal munition parts. The deal also involves railroad, utility, lighting, infrastructure and...

    • Governor Eric Holcomb will be the keynote speaker at this week's event.

      Holcomb to Make FFA Announcement

      Governor Eric Holcomb will Monday join officials from the National FFA Organization and AgriNovus Indiana to make an announcement regarding this year's National FFA Convention & Expo in downtown Indianapolis. The FFA says the announcement will impact 650,000 student members nationwide.

    • Fishers to Break Ground on 'The Yard'

      Officials will Thursday break ground on a $110 million culinary and entertainment hub in Fishers. When complete, The Yard at Fishers District will feature restaurants and a culinary accelerator, in addition to hotel, residential and retail space.