(Rendering of shell building supplied by Kosciusko County EDC.)
Officials connected to one of the state's 23 Certified Technology Parks have detailed an expansion. Plans at the Warsaw Tech Park call for over 50 additional acres -- more than double the current footprint -- and a new shell building. Both are set to open next year in the Kosciusko County city and feature easy access to U.S. 30.
The shovel-ready property includes multiple lot sizes, off-site water retention and underground utilities. Warsaw Mayor Joe Thallemer says "Warsaw Tech Park is an example of the public-private partnerships that can propel our community forward. We commend everyone who has contributed toward this project, celebrate our success to-date, and look forward to continued development at this 'best-in-class' business park."
Warsaw-based West Hill Development LLC is handling construction of the more than 50,000 square-foot speculative structure. Another shell building built on the site is now home to an Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) facility. Other businesses with a presence at Warsaw Tech Park include Banner Medical and Winona PVD Coatings, which the Kosciusko Economic Development Corp. says have pledged combined investments of $40 million and planned to add or retain about 300 jobs.
KEDco Chief Executive Officer Alan Tio says "these announcements demonstrate our focus toward continuously improving Warsaw and Kosciusko County to welcome new people and businesses. We are home to globally competitive agribusiness and medical device industries, nationally known quality of life amenities, and a workforce that would be hard to find elsewhere."
The shell building is slated to open in the spring.
By Jonathan Koop Portfolio Manager, Bedel Financial Consulting Inc.
Fact: The value of the stock market goes up and down. It’s called “market volatility”. How concerned should you be with a thousand point change in the index? Since your reaction can impact your personal portfolio, it’s most important that you have a good perspective. Significant price movements in the stock market grabbed headlines and captivated media pundits throughout 2018. The last week of the year the market experienced large price swings...
Indiana Liquor Group LLC will work with the Indiana Alcohol & Tobacco Commission this week for final approval of its purchase of Save-On Liquor stores. Our partners at The Herald Bulletin report Phillip E. Miller agreed to sell the 31-location package store chain to ILG last month.
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