The Terre Haute Economic Development Corporation believes that the growth of Terre Haute's strategic industry sectors is critical to the future of the community's economy. We are committed to supporting a vibrant, balanced, and diversified economy that benefits all segments of the region.
The Terre Haute EDC focuses development efforts on industries in which the community has clear competitive advantages. Industry targets are chosen to meet varying community goals ranging from diversifying the economic base to increasing the average wage to utilizing natural and labor resources fully. Our strategies and action plans to promote growth in these key industry sectors:
With our competitive environment, low operating costs, and sound transportation and strong utility infrastructure, Terre Haute/Vigo County is home to many successful and diverse companies. Known as one of Indiana's population centers, companies locating in the region have the advantage of a large trainable, skilled, and available workforce.
One of the important factors in creating a high-performance Life Science sector is education. On December 2, 2008, the Rural Health Innovation Collaborative (RHIC) was launched. RHIC represents a unique opportunity to align the resources and strategic directions of several community institutions in Terre Haute to address the grand challenge of improving health care in rural Indiana. Union Health System, The Richard G. Lugar Center for Rural Health along with Indiana State University, Indiana University School of Medicine-Terre Haute, Ivy Tech Community College and the Terre Haute Economic Development Corporation and the City of Terre Haute, have joined forces to develop a program to create more health care training and job opportunities in the community. This progressive plan would encourage the expansion of health care businesses, create life science research opportunities, provide more health care training programs and ultimately improve access to medical care in the area.
Terre Haute is served by two major hospitals and more than ??? health professionals. Union Health System completed a new four-story, 575,000-square-foot hospital in January 2011. In addition, its recently opened Hux Cancer Center provides state-of-the-art cancer diagnosis and treatment. Terre Haute Regional Hospital, a member of the HCA family, completed a $40 million new construction and renovation project in 2004 that included ER, ICU, imaging department and other expansions and improvements. The Richard G. Lugar Center for Rural Health takes an innovative approach to prepare and train medical residents for successful rural practice. It partners with Indiana State University College of Nursing, Health and Human Services, the Indiana University School of Medicine and Union Health System. The Landsbaum Center for Health Education provides educational facilities to second-year medical students from the Terre Haute Center for Medical Education, Indiana State University College of Nursing, Health and Human Services students and resident physicians in Union Hospital's Family Medicine Residency Program. Owned by Indiana University, Indiana State University and Union Health System and located on the Union Hospital Campus, it houses the Richard G. Lugar Center for Rural Health, the West Central Indiana Area Health Education Center and portions of the Indiana University School of Medicine-Terre Haute and Indiana State University's College of Nursing, Health and Human Services.
The Wabash Valley Advanced Manufacturing Cluster (WVAMC) is an established but transforming industry cluster. A leader in the regional manufacturing sector, WVAMC includes six counties in Indiana and two counties in Illinois. It promotes economic development in the Wabash Valley by helping companies compete, prosper and grow. It provides valuable technological, workplace, business solutions and training to manufacturers utilizing the expertise of faculty, students, staff and educational facilities at a cost savings to the manufacturer that expands its operational effectiveness. At the core of WVAMC is the belief that local people possess the talent, passion and ability to achieve a bright future. It is from this ideal that WVAMC created and implemented a Skills-One certification program which improves workforce literacy skills. This is just one example of how WVAMC partners with educational leaders, state workforce agencies and economic development entities.
The area's educational system reflects the community's diversity and commitment to education, offering programs at all levels that meet the needs of both the student and the employer, and employing more than 4,000 people. The Vigo County School Corporation (VCSC) works to equip students for lifelong learning skills and prepare them to become productive and responsible citizens. In 2007, through the refinance of school bonds, the VCSC had a surplus from which they allocated $1,025,000 to Career and Technical Education programs. These programs include Computer Integrated Manufacturing Flexible Manufacturing; ADA Compliance Manufacturing (Wood) Labs; Project Lead the Way, which encompasses Electronics/Industrial Trainers Machine (Metals) Labs; and Welding Labs.
Terre Haute/Vigo County is at the forefront of higher education in the state with Indiana State University; Ivy Tech Community College-Wabash Valley; Rose-Hulman Institute of Technology; Saint Mary-of-the Woods College; and Harrison College. Indiana University School of Medicine also has a presence in Terre Haute. Within an approximately 100-mile radius are three Big Ten universities, Indiana University, Purdue University and University of Illinois, as well as other fine institutions such as DePauw University, Wabash College, Indiana University-Purdue University Indianapolis (IUPUI), Vincennes University and Eastern Illinois University.
Approximately 61% of the 265,500 acres in Vigo County are farmland with nearly 476 working farms. Local agribusiness includes soybeans, corn, forestry, wheat and hay.
Another staple of the area's economic base is the service industry. From customer service centers to retail business, from finance to insurance and from tourism to hospitality centers, Terre Haute is positioned with a strong workforce to meet this growing industry sector.
On the horizon are three new entrepreneurial company's that have a growing business base through the Terre Haute Innovation Alliance. Midwest Compliance Laboratories, LLC is a joint venture of five former employees of Pfizer Inc's Vigo County plant. The company will provide contract testing for the pharmaceutical and food industries. DesAcc Inc., whose efforts focus on manufacturing of medical software applications, moved its engineering operations from Chicago to Terre Haute in 2006. The company works closely with Rose-Hulman Ventures (a program of Rose-Hulman Institute of Technology). InfraWare is a company that is developing a software platform for preparing medical transcripts and reports more efficiently.
An additional entrepreneurial company, VEXTEC Corporation, headquartered in Nashville, Tennessee, has completed construction on its new advanced technology engineering test laboratories in Terre Haute. Positioned adjacent to the Terre Haute International Airport-Hulman Field, VEXTEC Labs develops product testing software and performs failure analysis of mechanical and electronic equipment through a developed process which cracks the "genetic code" of materials. The software is used by the automotive and aerospace industries.