Evansville

Economic Development

Over the past several months, Evansville has experienced significant economic development and community enhancements, marked by key infrastructure projects, business recognition, and strategic initiatives.

Infrastructure and Development Projects:

• I-69 Ohio River Crossing: In September 2024, the Indiana Department of Transportation (INDOT) broke ground on the I-69 Ohio River Crossing project, a $202 million endeavor to complete the critical connection between Indiana and Kentucky. This project is anticipated to stimulate Evansville’s economy by improving connectivity with Indianapolis and attracting new talent and businesses.
• Ohio Township Park: Groundbreaking occurred on a 20-acre, $15 million park and green space in Warrick County. The Ohio Township Park will feature amenities such as a playground, splash pad, fitness stations, trails, sports courts, event lawns, and a lake. These facilities are expected to begin opening in late spring, enhancing recreational opportunities for residents.
• The Vault on Main: In May 2024, construction began on “The Vault on Main,” a $60 million project in downtown Evansville. Scheduled for completion in approximately two years, this development aims to revitalize the area and contribute to the city’s economic growth.

Business and Economic Growth:

• High-Income Household Growth: Evansville ranked third nationally in high-income household growth, reflecting the city’s rising economic prosperity.
• Top Employers Recognition: Eleven Evansville businesses were listed among the 2024 “Best Places to Work in Indiana,” highlighting the city’s strong employment landscape and commitment to workplace excellence.
• Metronet Expansion: Evansville-based Metronet initiated a $35 million project to build a new fiber-optic network in Broken Arrow, offering up to 5-gigabit speeds for residential customers and 10-gigabit speeds for businesses. This expansion underscores the company’s growth and the region’s technological advancement.

Strategic Initiatives:

• READI 2.0 Funding: The Evansville region secured $45 million in Regional Economic Acceleration and Development Initiative (READI) 2.0 funds as part of a statewide $500 million initiative aimed at boosting economic development.
• Ohio River Vision and Strategic Plan: Officials unveiled a comprehensive 620-page plan designed by Sasaki to redesign the riverfront in Mt. Vernon, Newburgh, and Evansville. This strategic plan aims to enhance the riverfront’s appeal and functionality, contributing to regional development.

Educational Achievements:

• Blue Ribbon Schools: Two Evansville-area schools were among 16 in Indiana to receive the prestigious “Blue Ribbon” designation from the U.S. Department of Education, recognizing their exemplary performance and commitment to closing achievement gaps.

Collectively, these developments underscore Evansville’s dynamic growth and its commitment to enhancing the quality of life for its residents through strategic investments in infrastructure, economic development, and education.