The Evansville, IN market continues to gain momentum as major industrial and mixed-use investments, expanding manufacturing operations, and continued business growth strengthen the region’s long-term economic outlook.
August 2026
New Details Revealed On $130M Development In Western Vanderburgh County
What This Means For You: A brand new, major $130 million development called the Old Farm Reserve is now in early phases of construction on University Parkway just north of USI. The development is going to be a residential and retail space including 163 homes, a 240 unit apartment complex, a hotel, shopping center, and many retail spots. The goal is to have the residential lots finished by the end of the year, and the apartments finished in late summer of 2028.
Plans Announced For $38M Mixed-Use Development In Evansville
What This Means For You: Plans announced for The Republic, a new $38 million mixed-use development located in Evansville’s promenade district. The Republic will include two four-story buildings with 153 one- and two bedroom Class-A apartments alongside 3,159 square feet of commercial and restaurant space, along with other luxury amenities. Positioned within the heart of the Promenade district, the project will offer direct access to restaurants, shopping, trails, and entertainment destinations, further enhancing the district’s pedestrian- and bike-friendly environment.
Bridge Advisors Plans $2.5M Evansville Expansion, Creating 75 Jobs
What This Means For You: Bridge Advisors, a modern accounting and advisory firm, will create up to 75 new, high-wage jobs by the end of 2030. Bridge Advisors will invest $2.5 million over the next several years to establish and equip a 13,579-square foot space at One Main Street in Evansville. The company currently employs seven full-time team members and expects to reach about 20 by the end of 2026.
Taylormade Breaks Ground On Evansville Expansion, Expected To Create 50-100 Jobs
What This Means For You: TaylorMade and Sun Day Red is celebrating the next step in their previously announced expansion in the Evansville region with a groundbreaking ceremony. The company is looking to add 50 to a 100 people over the next five years. Officials say they’re looking to wrap up construction in 12 to 18 months and be fully moved in by the end of next year.
Consolidated Grain & Barge Invests $47M at Ports of Indiana–Mount Vernon
What This Means For You: State and local officials today celebrated the groundbreaking of Consolidated Grain and Barge Co.’s (CGB) $47 million expansion at Ports of Indiana-Mount Vernon, the largest investment at Indiana’s largest port in more than 20 years. The project will increase the facility’s storage volume by 4.25 million bushels and boost truck unloading capacity by 200 percent. Construction is expected to be completed in 2027.
Qualis Engineered Plastics Brings More Than 30 New Jobs To Evansville
What This Means For You: Indiana Governor Mike Braun announced the launch of Qualis Engineered Plastics, LLC, a new custom plastics compounding operation in Evansville. The company expects to create more than 30 new jobs over the first five years of operations. Qualis will operate out of 1700 Lynch Road, a facility that has hosted plastics manufacturing in Evansville for more than 50 years.
Historic Evansville Mansion to Become 15-Room Boutique Hotel
What This Means For You: A historic mansion in Evansville is set to begin a new chapter. Plans call for the Shackleford Mansion on SE 2nd Street to become a 15-room boutique hotel complete with a bar and retail space. Developers are hoping to have it open in 2027.
Evansville Hospital Earns Spot On Forbes’ 2026 Top Hospitals By State List
What This Means For You: Ascension St. Vincent Evansville officials say they have been named one of Forbes’ 2026 Top Hospitals by State. Officials say this recognition highlights their dedication to exceptional patient care and standing as a leading Indiana healthcare provider. They say meeting Forbes’ high clinical standards sets the hospital apart from regional peers, offering a proven, objective benchmark for patient-centered care.
