The city of Greenwood has announced plans for a $2.6 million development designed to boost economic development. The Greenwood Business Center, being developed in partnership with Indianapolis-based Allen Commercial Group, will cover 11 acres on the city’s Main Street near I-65.
The city says the development will include a 28,000 square-foot flex building that is designed to house office and warehouse space. The Greenwood Redevelopment Commission has approved more than $250,000 for sanitary sewer extensions, a stormwater retention pond and drainage system and an access drive on the west end of the development.
"Greenwood is well-positioned for continued economic growth," said Greenwood Mayor Myers. "With a strong balance sheet, available land and a skilled labor force, the development community is taking notice. Greenwood Business Center is a great addition to the city, and I’m confident it will spur even more activity in the area."
Brent Tilson, president of the Greenwood RDC, says the project helps accelerate the effort to grow economic development in the city. "Working with the city, the RDC is spurring business activity on a number of fronts. The downtown façade program, G.R.O.W and projects like Greenwood Business Center exemplify public-private collaboration at its best. Together, we’re revitalizing Greenwood. It’s an exciting time for the city."
The RDC recently approved the first two projects in the Greenwood G.R.O.W. initiative.