Michigan City sees $62M in capital investment in 2020
MICHIGAN CITY, Ind. (Inside INdiana Business) — Economic development officials in Michigan City say the community recorded nearly $62 million in estimated capital investment last year which could create 583 new jobs if the proposed projects are realized.
The Economic Development Corp. Michigan City says it not only worked through the challenges of the pandemic, but it also kept an eye on the path needed to move further forward after the healthcare crisis.
“We are honored to have led our region through this process and beyond. The movement in 2020 is a true indicator of how tough our community can be as we snap back stronger than we were before,” said EDCMC Executive Director Clarence Hulse.
The organization says it was able to help the city retain 175 jobs. It also assisted in the expansion or relocation of 15 businesses.
EDCMC says business expansions included Shady Creek Winery and Hearthside Food Solutions, which expanded its product lines with 50 new jobs and $13.6 million in capital investment.
New projects included Zorn Barrelhouse event venue and loft apartments, Uptown Social theater rehab, and J&B West Roofing’s, among others.
“We are continuing to implement our strategic action plan, focusing on entrepreneurship, housing and workforce development,” said Linda Simmons, Visit Michigan City LaPorte director of marketing and 2021 EDCMC board chair. “The good news is that Michigan City is ready and open for business and our economic activity pipeline will be very robust over the next 24 months.”