GAGE trying new way of attracting business to Evansville - 14 News, WFIE, Evansville, Henderson, Owensboro

GAGE trying new way of attracting business to Evansville

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If you build it, they will come.  

The Growth Alliance of Greater Evansville hopes to attract new business to town by building a workspace in advance.

The Growth Alliance of Greater Evansville, or GAGE, wants that facility to go in a large open space in Vanderbugh Industrial Park. 

The idea is to put up about a 100,000 square foot shell building with just the basics, so that it's ready if a new company wants to locate here. 

Instead of building from scratch, they'd be able to move in and quickly customize the space, maybe in three or four months. 

GAGE's President Debbie Dewey says this isn't a new idea, but its one they hope will work. She says often existing buildings are older and don't meet new businesses' needs.

"When we look at the projects that have been coming through where we don't have the facility and some of the other communities that we're competing with do. So, what we hope is that this will help us land some of those projects who have looked at Evansville and Vanderburgh County because of its location and its workforce, but you got to have that right property as well," Dewey says.

As far cost, Dewey says a local developer is willing to spend about $2.6 million to build the shell facility.

They're asking the county to cover the interest on the $2 million, or so, loan that developer would take out. 

Dewey says that interest wouldn't factor in if the building's sold or leased within the first 12 months. 

The Vanderburgh County Redevelopment Commission will likely vote on this project next month. 

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