It has been a record-setting 18 months for the city of Noblesville, with more than $1 billion in private capital investment commitments for a range of economic development projects. And Mayor Chris Jensen see no signs of things slowing down, predicting the state’s 10th largest city is on track to double its population.
“I firmly believe that we can continue to grow into a next level city, while also maintaining a great hometown feel,” said Jensen, who notes there is room for growth. “Noblesville is about 50% developed currently and I believe that over time we will probably double our city’s population, but we have to manage that going forward and that is a trick.”
Jensen talked about what’s fueling growth on this weekend’s edition of Inside INdiana Business with Gerry Dick.
While economic development investment is spread throughout Noblesville, there has been a focus on the city’s downtown as part of an effort to attract and keep talent in the community. In 2020 alone, more that $145 million in projects were announced, including the Nexus apartment complex, the Village at Federal Hill and the Lofts on Tenth.
Jensen also points to $150 million in projects along the U.S. 37 corridor with the Washington Business Park and nearly $200 million at Exit 10 along Interstate 69.
“It’s an exciting time, not just for Noblesville, but for central Indiana as a whole. Indiana is in a healthy economic state right now. Two and a half years ago, Noblesville made a decision that we are going to lean into investment in our community,” said Jensen, who underscores the need to be thoughtful about growth.
“We have to be very strategic on how we grow, what type of businesses we’re attracting to Noblesville. We have one shot to get that land right going forward and we’re going to be very strategic about that.”