News From Terre Haute, Indiana

Editorials

December 29, 2011

EDITORIAL: A strategy for growth

‘Accelerate’ group using teamwork for development

TERRE HAUTE — There are many ways to market an area in order to spur economic growth. Some may work better than others, but there is no perfect approach. The essential thing is to have a strategy and to implement it.

Terre Haute and the Wabash Valley have recognized those fundamentals and are collaborating to get the most out of their development efforts. There is wisdom in that synergistic mindset. In west-central Indiana’s diverse counties, when something positive happens economically in one place, others are likely to benefit.

As our Howard Greninger reported in a story published Sunday, the Terre Haute Economic Development Corp. has joined what has become a six-county marketing group called “Accelerate West Central Indiana Economic Development.” The cooperative effort includes Vigo, Vermillion, Clay, Parke, Putnam and Sullivan counties and is online at www.westcentralindianaedc.com.

Each county brings its own strengths to the table. Combined, the region has far more to offer than any county acting on its own. Such a marketing strategy certainly raises the development profile for all involved.

Already, local officials believe the strategy is about to produce dividends. A lead was developed through the group that now has Vigo County on the verge of landing a pharmaceutical company for a portion of the former Pfizer property south of Terre Haute. The company’s name and the number of potential jobs it could bring have not yet been released. But more should be known as soon as the Vigo County Redevelopment Commission accepts bids on the property early next month.

In addition to the Pfizer property and Vigo County’s industrial park, the region offers the newly created Vermillion Rise Mega Park on the site of the former Newport Army Depot in Vermillion County. In fact, each of the six counties brings valuable resources to the table.

Like elsewhere in the state and nation, the area’s economy struggled from the effects of the recession of 2007 and 2008. But like elsewhere, the economy is slowly improving.

Being prepared in coming months and years to spur economic growth and create good jobs is an important function of development groups. The “Accelerate” strategy positions the region for success as the economic recovery advances, and we commend the six counties involved for their foresight and initiative to make things happen.

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