Argos Breaks Ground on Manufacturing Center

 
In today’s market, communities without readily available buildings often get glanced over by businesses looking to expand into new markets. Manufacturing centers are a unique solution to this problem. Now the Town of Argos has broken ground on a manufacturing center which is unique in terms of the planning process, consensus building, financing, and as an economic development strategy in attracting new businesses. The Argos Manufacturing Center is being built within Argos’s 75 acre Shovel Ready certified park and will be 50,000 square feet, expandable to up to 300,000 square feet. The project was officially awarded $400,000 in Regional Cities Initiative funding this summer and broke ground November 7th.
 
The new Argos Manufacturing Center will be developed by MCEDC, which is a truly unique partnership. It is also poised to quickly attract a new business due to below market rate pricing. Many groups came together to make this project a success including the Indiana Economic Development Corporation, Regional Development Authority, Lake City Bank, NIPSCO, IMPA, and Norfolk Southern. The approximately $2.3 million capital expenditure is expected to be completed in early 2018.