An annual report suggests the River Ridge Commerce Center in Jeffersonville had a $1.7 billion economic impact in 2016. The research from Indianapolis-based Policy Analytics LLC includes private and public investment, employment and income figures associated with the 6,000 acre industrial property on the banks of the Ohio River.
The report focused on impacts to the six-county area around River Ridge. It says employment, labor income, economic value added and economic output all rose compared to the previous year. Over the course of the last 10 years, the report notes that employment at River Ridge has risen from 560 to 7,200. Data suggest a total of more than 12,000 jobs throughout the region are sustained by activity at River Ridge.
River Ridge Development Authority Executive Director Jerry Acy says "labor income translates into household income available for individuals to purchase homes, automobiles, food, clothing, and other lifestyle necessities. As a result, people and businesses in the entire region benefit directly and indirectly from activities associated with River Ridge Commerce Center."
The report also shows $65 million in infrastructure investments such as demolition expenses, road and utility improvements and rail infrastructure.
View the full report: