Duke Energy working to help get Posey Co. industrial site ready for business

Published: Sep. 20, 2021 at 1:38 PM CDT
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POSEY CO., Ind. (WFIE) - Just off highway 64 in Poseyville, there are 50 open acres which, with the help of a new grant, could be getting ready for a makeover.

Jenna Richardt, executive director for the Posey County Economic Development Partnership, said, “That is a very pivotal area for some place we would want to develop.”

The Posey County Economic Development Partnership received the Duke Readiness Grant from Duke Energy. It’s ten-thousand dollars to prepare the site for future developments, whether that’s through digital marketing, engineering, surveying, or anything that could make the space appealing to potential developers.

The Partnership has high expectations for what it can bring to the area.

Richardt said, “We’ve been trying to do a lot of bigger things in Poseyville. It’s a growing community and it’s really quaint and quiet up there but we know that there is so much potential.”

If businesses come in and use the space, it could make a big difference for the local economy.

“It could have a huge impact as far as more business coming to that area, potential for more employers in that area, and as we see it grow there’s always the potential to build more housing around that area,” said Richardt, “so it could really just be great for overall, general growth of the north part of the county.”

It may be empty now, but with a litte help and a little time, this space could mean a world of difference to Poseyville.

The spot in Posey County is one of four around the state that Duke Energy says they picked for their Site Readiness Program.

They say the program gets business and industrial sites ready for economic development investments.

“Attracting jobs and private-sector investment in the communities we serve is a high priority for Duke Energy,” said Duke Energy Indiana President Stan Pinegar.

Through the program, Duke Energy partners with county officials and local economic development professionals to develop a strategy for getting the sites fully ready to market to industrial projects.

Officials say Posey County is becoming a center for advanced manufacturing, including plastics and plastics derivatives, bio and life sciences, and advanced logistics in southwest Indiana.

The Poseyville 50-acre property is located off Interstate 64 and just miles from Interstate 69, with frontage road access along State Road 165.

The property currently has utilities on site, including electric, natural gas, water and sewer, and is an attractive site for light industrial manufacturers.

“We cannot thank Duke Energy enough for this opportunity and their partnership in economic development. Duke Energy’s Site Readiness Program and property recommendations could not have come at a better time as we position ourselves to further market this site and attract new business and industry to Poseyville,” said Richardt.

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