The Evansville market is experiencing strides in economic development that will promote growth, expand trade, and offer new exciting draws for both residents and visitors.
Visit Evansville, formerly the Evansville Convention and Visitors Bureau, has announced its rebranding as Explore Evansville. Officials say the economic impact achieved by Explore Evansville has been substantial, with nearly 170,000 overnight stays and an estimated contribution of $112.3 million to the local economy dating back to 2020.
The Evansville City Council approved two $12 million bonds to go toward the Fifth and Main project, which will consist of a mixed-use development and underground parking garage. The project is hoping to break ground before the end of the year.
Ports of Indiana and the Evansville Regional Economic Development Partnership (E-REP) have formed a new strategic alliance to further expand trade and economic development for the Evansville Region and the State of Indiana.
Main Street Food & Beverage, a new eatery is on its way to downtown Evansville, will be a food hall, and the first of its kind for the area.
Wessleman Woods, Evansville’s largest green space, grows by 90 acres thanks to a land purchase from the University of Evansville and an update to the formal agreement between Wesselman Woods and the City of Evansville.
University of Evansville breaks ground on new student housing. The new apartment complex, called Lincoln Commons, will house 123 upperclassmen and will also have a first-floor restaurant, a patio, and parking lot across the street. The new development is expected to open in August 2024.
Heliponix LLC, doing business as anu™, a startup company founded by Purdue University alumni, has received a $200,000 grant to mass manufacture its aeroponic seed pod consumables.
The Southwest Indiana Regional Development Authority provided an additional $6 million in READI grant funds toward seven projects. According to a press release, in total, the RDA has given more than $41 of the $50 million in total for projects throughout the Evansville region.