Current News

Current News

Whitley County at Work

Monday, February 16, 2015

On January 6th, developer 30 Spec Realty LLC and the Whitley County EDC announced plans to build a new 16,000 sq. ft. expandable shell building in the Park 30 Business Center.

“This project represents an important tool in our EDC Toolbox to support growth oriented companies locating in Whitley County,” said Whitley County EDC President Alan Tio. “We will work with regional and state economic development partners to market this facility to companies in our regional target industries.” According to one of the 30 Spec Realty representatives, plans for the building developed after a survey of available facilities found a lack of mid-size industrial buildings in the county.

The Park 30 Business Park is a “Class A” industrial park with a strong, 10+ business population. The park is certified “Shovel Ready” by the state. The new building will be located on 2.36 acres and the Whitley County Council has already approved a 10-year tax abatement on the shell building. The building is expected to be available for lease or sale during the second quarter of 2015.

Meanwhile, on January 12th the second cohort of businesses began the 12-week course with the Growth Ventures business accelerator. Part of the EDC’s Small Business and Entrepreneurship Initiative, the Growth Ventures accelerator offers coaching, mentoring and access to funding opportunities. It’s designed for businesses with high growth potential, whether that is startups or existing businesses. The program began just last year in the spring with four business owners.

“The business accelerator program is an important component of our efforts to encourage clients to plan, build and equip businesses in Whitley County,” said President Alan Tio. According to the program manager, they are focusing on agribusiness, specialty foods, medical technology and women-owned ventures for the winter 2015 group, which will again by limited to four businesses.

Alan Tio, President
Whitley County Economic Development Corporation