Vanderburgh County received an exciting piece of news Wednesday morning. A new business is coming to the area and it is expected to bring a great deal of economic growth with it.
DSI Underground Systems Inc., which is a global company that produces ground control products for the mining industry, has already started to move into its new home at 5400 Foundation Boulevard. The building used to belong to Tenneco but it has been vacant for two years. It is finally being occupied again and the new occupant is actively restructuring it.
DSI is currently installing equipment in the interior of the building. The company is constructing a steel fabrication plant to manufacture steel mining equipment. It plans on hiring 44 new employees over the next five years and it is expected to bring in more than $141 million worth of growth over the next 10 years. DSI says that it will pay its employees an average wage of $22.50 per hour.
Chris Kinnett, the business development director of the Growth Alliance for Greater Evansville, was present at the meeting today. He feels that Vanderburgh County was selected as the newest location for DSI Underground Systems for a variety of reasons including the quality of the available work force and the surrounding transportation options.
"We obviously have a great infrastructure with regards to the interstate," said Kinnett, "because the local road system is out of Vanderburgh County. DSI will also be close to Interstate 164 and we have to account for both our rail capability and our river capability."
Unfortunately, all of the plans have yet to be fully finalized. A second county council meeting will occur on June 5th to discuss the details of the company hiring process.
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