Cinergy/PSI Awards $10,000 to the
Terre Haute Economic Development Corporation

Terre Haute, IN—The Cinergy/PSI Community Growth Partnership Grant Program has awarded a $ 10,000 grant to the Terre Haute Economic Development Corporation. The grant will help fund a master plan study regarding a proposed I-70 interchange at Tabertown Road, including potential development sites. Vigo County is providing $ 15,000 as local matching funds. The total cost of the study project is $ 25,000.

Steve Witt, President of the Terre Haute Economic Development Corporation says, “A new interchange at I-70 and Tabertown Road could be of huge economic benefit along the I-70 corridor at the Vigo/Clay County line.” Witt continues, “The Town of Seelyville in eastern Vigo County, the Terre Haute International Airport as well as for other property and semi-rural areas in both Vigo and Clay Counties would see additional economic growth.”

With an eye on the future, Vigo County and the Terre Haute Economic Development Corporation officials believe that the time has come to plan for the County’s next major industrial facility. The master plan study will define parts including: (a) the area in greater detail; (b) identify existing conditions of the study area; (c) identify location of utilities and nearby land uses and (d) provide cost estimates for development of the study area.

“New development in this eastern Vigo/western Clay County would benefit both counties by increasing employment opportunities and increasing the tax base,” says Paul Mason, President of the Vigo County Commissioners. “This study will be a first step in identifying the feasibility of redeveloping the area in and around the former Chinook mining facility. A Tabertown Road interchange would, in our opinion, be of great economic benefit to both Vigo and Clay Counties as well as to Cinergy/PSI.”

“These Grants often lead to additional millions of dollars in private development and redevelopment investment, resulting in jobs, a cleaner environment and improved livability in metropolitan and rural areas,” says Rick Burger, Cinergy/PSI’s area customer relations manager.

Vigo County Council President, Bob Hellman, notes, “Cinergy/PSI is a fine example of how a company assists with economic development. Their long standing effort, this $10,000 grant being one of them, demonstrates commitment to continue economic development with Terre Haute’s community.”

The grant is from the Cinergy/PSI Community Growth Partnership Program aimed at generating new jobs and capitol investment in Indiana. Seven grant recipients—all local or regional economic development organizations—received $ 10,000 each toward economic development projects. Cinergy/PSI required grant recipients to demonstrate that they have leveraged other resources or partners in addition to Cinergy/PSI for their projects. The funding for the Community Growth Partnership Grant Program is provided by Cinergy Foundation.

Cinergy/PSI is Indiana’s largest electric supplier, serving more than 750,000 customers in portions of 69 of Indiana’s 92 counties. Historically, Cinergy has made a strong commitment to economic development throughout its service territory.

The THEDC works collaboratively with elected officials and community partners to leverage our area’s economic development efforts. The development of the THEDC as the lead economic development corporation is a direct result of the long range planning strategy of Terre Haute Tomorrow.

For further information contact: Lisa Johnson, Marketing Communications Director at 812.234.2524 or ljohnson@terrehauteedc.com