Duke Energy Indiana has selected three properties in Hamilton, Hendricks and Putnam counties for inclusion in its 2022 Site Readiness Program, which prepares high-potential business and industrial sites for economic development investments and markets them nationwide to companies looking to expand or relocate their operations.
The City of Noblesville recently purchased 77.65 acres of land near East 141st Street and Olio Road, expanding upon nearly 300 acres of land that has been designated Innovation Mile. Innovation Mile will be a mile-long, master planned innovation district that includes advanced manufacturing (industrial), health technologies, life science innovation, wholesale trade, and professional and financial services.
This property holds unique value in its location and proximity to Interstate 69. It also encompasses Borg Warner as an anchor, which designs, manufactures and delivers mobility solutions for the automobile market. This area will be able to serve companies looking for technology-related infrastructure like fiber and conduit.
“This is the second Site Readiness Program grant the city of Noblesville has received, and we greatly appreciate Duke Energy’s continued support and partnership in economic development,” Noblesville Economic Development Director Andrew Murray said. “The Innovation Mile development will encompass approximately 300 acres and will be able to serve businesses within our targeted industries. This is going to be a very sought-after location for those seeking new construction, and we appreciate Duke Energy’s help to further market the site and attract new companies to Noblesville.”
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Murray
“We’re committed to ensuring our communities have the resources and support they need to thrive – now and well into the future,” Duke Energy Indiana President Stan Pinegar said. “Utilities play a critical role as industries weigh whether to relocate to an area or expand their presence. The Duke Energy Site Readiness Program has been a valuable offering and we are proud of the program’s many successes. Through this initiative and many others, we work hand in hand with local and regional partners to bring new jobs and capital investment to the communities we serve.”
Through its Site Readiness Program, Duke Energy identifies high-potential sites and partners with county officials and local economic development professionals to develop a strategy for getting the sites fully ready to market to industrial prospects. In Indiana alone, Duke Energy has helped prepare 41 properties that have won 16 major projects since the program started in 2013, drawing more than 5,500 new jobs and $5.3 billion in capital investment to the state.
The company works with Banning Engineering and Site Selection Group to evaluate sites. Based on consultant recommendations, Duke Energy will collaborate with county leaders and local economic development professionals to develop a strategy for marketing the sites. After each site’s state of readiness has advanced, Duke Energy’s national business recruitment team strategically markets them nationwide to companies looking to expand or relocate their operations. Duke Energy will award up to $10,000 to each site to help prepare them to attract projects.