River Ridge touts major economic impact in 2024
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The River Ridge Commerce Center in southern Indiana generated more than $3.04 billion in economic impact and supported nearly 20,000 regional jobs in 2024, according to an annual report released this week.
Private construction investments topped $138 million and added about 3.9 million square feet of commercial and industrial space, the River Ridge Development Authority said.
The center, established in 1998 to replace lost economic activity from the closure of the Indiana Army Ammunition Plant, encompasses 6,000 acres and more than 80 companies, including Amazon, Bose and Collins Aerospace.
“Our commitment to developing River Ridge is ultimately about driving meaningful growth and benefiting Southern Indiana residents,” Treva Hodges, mayor of Charlestown and president of the RRDA board of directors, said in a news release. “The investments we make in infrastructure, job creation, and business recruitment are shaping the future of our communities.”
Notable developments last year included Meta’s acquisition of property for a planned $800 million data center. The parent of Facebook, Instagram and WhatsApp said the 700,000-square-foot facility will create about 100 permanent jobs.
Communications Test Design Inc., a provider of engineering, repair and logistics services, expanded its operations at River Ridge as well.
“The River Ridge Development Authority continues to provide the resources, expertise, and forward-thinking approach that are critical to the growth of CTDI,” Toby Booker, general manager of corporate social responsibility, said in the release. “Expanding into multiple buildings within River Ridge was a strategic decision driven by its unparalleled infrastructure, seamless logistics, and commitment to sustainability.”
Other highlights of 2024 included infrastructure investments, tax revenues and wages paid.
The River Ridge Development Authority invested $6.7 million in new roads and $8.9 million in improved utilities, the news release said.
Business activity, meanwhile, generated $49.4 million in tax revenue, the news release said, and wages from operations contributed $933.9 million in total labor income.
“The success of River Ridge is a success for all of Southern Indiana,” River Ridge Executive Director Jerry Acy said. “We are building not just an industrial park but a thriving, dynamic community that offers opportunity for businesses and families alike.”