President and CEO of Marshall County Economic Development Corporation (MCEDC) Laura Walls gave members of Plymouth City County her quarterly report during last Monday’s meeting.
Walls highlighted two construction projects currently underway. The first is a 25,000-square-foot building at the west end of Miller Drive by Holladay Properties for Renewal by Anderson. The $3.4 million project will create a total of 85 jobs.
The second construction project is being built by the Plymouth Industrial Development Corporation (PIDCO) for Plymouth Molding Group (PMG) on Commerce Drive. This is a 40,000-square-foot building that can be doubled in size and has an estimated cost of $2.4 million. It will allow PMG to retain its current 18 full-time positions and adds 8 new jobs by the end of the year.
Looking at the labor data, Walls said there are 25,000 jobs open today in our region in the healthcare and manufacturing sectors. She noted that only 22 counties have lower unemployment rates than Marshall County.
Walls said some current projects for Marshall County Economic Development Corporation involve PIDCO (Plymouth Industrial Development Corporation). The EDC is the long-time administrator for PIDCO. PIDCO meets in the EDC office and their staff answers the phones and does administrative duties for PIDCO. Walls said PIDCO is at a point now that they are trying to determine what they will be doing in the next 10 years. They have limited ground available to purchase and they are looking to see if they should look for new ground to develop or purchase existing facilities and lease them out. The Troyer Group has been engaged to begin a Strategic Planning session with PIDCO and look at the city’s comprehensive plan to make sure it works together. This is PIDCO’s first strategic plan.
Wall said MCEDC struggles with not having a lot of inventory to choose from, noting there is no mega site of 100-plus acres available when leads come in to look at. She said they are working with the Indiana Economic Development Corporation and state utility partners to do a 30,000-foot view of Marshall County to look for pockets of potential industrial sites.