EDCWC E-News Updates

Business Development

Work Gets Underway on Perpetual Recycling Solutions’ Facility

Work began on Perpetual Recycling Solutions’ new Richmond location. The facility is unique in the U.S. because it will be the first plant dedicated to produce and sell a high-quality, food grade recycled plastic flake material. Plans include repurposing a 100,000 square foot building into one of the largest food grade manufacturers of recycled PET plastic flake. Once up and running, the new plant will produce more than 110 million pounds of quality recycled PET plastic flake for the food and beverage container industry. CEO David Bender says they’re excited to become one of the largest PET plastic flake recyclers. “By incorporating our 24 years of experience from Pure Tech Plastics, combined with state-of-the-art technology, we are able to offer brand owners the quality and safety they require to expand their sustainability efforts.” Learn more

Community Development

Richmond Breaks Ground on 166 Acres of New Greenfield Sites in Midwest Industrial Park

Officials broke ground on Phase II of the Midwest Industrial Park in Richmond, Indiana. The infrastructure improvements will lead to the opening of 166 acres of new industrial land adjacent to Interstate 70 and a Norfolk Southern Rail mainline. The Economic Development Corporation (EDC) of Wayne County partnered with the City of Richmond in the opening of the much needed space in the Midwest Industrial Park. Learn more

Available Sites/Buildings

1700 Industries Road – Richmond, Indiana (Former Coca-Cola facility)

• 48,000 +/- SF
• 21′ – 24′ Ceiling Height
• Immediate Access to I-70
• 3 Loading Docks
• Move-In Ready
• Located in a Certified Technology Park
• Expandable
• Excellent Parking

For more information on this site or other available sites visit the Buildings and Sites section on the EDC website.

Fast Facts

ACCRA 2011 Annual Average Cost of Living Index Composite Index Numbers

The ACCRA Cost of Living Index measures price levels for consumer goods and services in 322 U.S. cities. The average for all participating areas equals 100 and each participant’s index is read as a percentage of the average for all places.

Wayne County Unemployment Rate

(Note: Unemployment rates are not seasonally adjusted)

For more employment statistics, visit the Indiana Department of Workforce Development and click “view” to see up-to-date reports.

Did you know?

When you purchase a Harry Potter or Hunger Games book you are also purchasing a product made in Richmond. Transilwrap’s Richmond facility manufactures laminating films that are used on the book covers. The Harry Potter books use a film called Trans-Kote® Nylon/MR laminating film. It’s a super clear, nylon based film that resists curling. The film protects the printed paper cover from spills and makes the cover more durable than plain paper. The Hunger Games books have a nylon coating applied to the outside of the nylon film which also protects the book cover and prevents scuffing. Contact with coins or scratches from fingernails will not scuff the cover. The coating is water based and is applied at Transilwrap in Richmond.

Since January of 2009, the Economic Development Corporation of Wayne County, through its EDIT fund has assisted 24 businesses in their commitment to the retention and creation of 500 jobs. These projects have resulted in $82 million in new private investment in Wayne County. The county’s consolidated EDIT fund comes from funding provided by partnering towns in Wayne County who have agreed to provide half of their EDIT proceeds yearly for county-wide economic development. Partners in county-wide economic development currently include the towns of Cambridge City, Centerville, East Germantown, Economy, Hagerstown, Milton, Mt. Auburn, Richmond, Whitewater and Wayne County.

For more information, call us at 765-983-4769 or email us at rdoty@edcwc.com!