New Site Certification Increases Opportunities for Mitchell Industrial Park
MITCHELL, Ind, (Sept. 19, 2019) — Mitchell Industrial Park becomes the first location in southern Indiana to take advantage of a new site planning and certification program through Radius Indiana’s partnership with Verisite.
The City of Mitchell, along with the Lawrence County Economic Growth Council and Radius, joined forces with Verisite, a newly formed initiative offering an alternative and proprietary program to certify sites for development readiness that can increase marketability to site selectors and developers. The City and its partners requested Verisite’s support to determine the best way to market the site, identify assets and challenges and to create an ideal site layout for the industrial park. Following the exclusive Verisite process, the park now has the capability to house a variety of industry sectors; it has been reconfigured to include nine lots and over 850,000 square feet of land. The available lot sizes can accommodate buildings that range from just over 5,000 square feet to over 200,000 square feet.
“On behalf of the City of Mitchell, I would like to thank those who have worked with us and been involved in the master planning of the Mitchell Industrial Park,” said J.D. England, mayor of Mitchell. “This plan opens the door for advancement and we look forward to a continued relationship with Verisite, Radius Indiana and the Lawrence County Economic Growth Council as we move our city forward.”
The new initiative is part of Radius Indiana’s revised strategic plan and allows for cost sharing with local economic development organizations to make the site certification process more affordable. “We are pleased to see this program help our communities become even more competitive with other areas for hosting business growth,” said Jeff Quyle, president and CEO of Radius Indiana. “By certifying more sites we are increasing our chances of companies choosing our region for expansion or relocation–by offering them more choices for locations, saving them time in the screening process, reducing investment risk and reducing development costs.”
Verisite offers a comprehensive site certification program, which compensates for industry gaps, such as brownfields and existing buildings. The proprietary program creates narrative around in-depth market research and analyzes human capital components in order to provide decision-makers with reliable data.
Verisite is the result of a partnership with Ginovus, Plaka + Associates, and the Veridus Group that brings considerable industry experience in economic development, site selection and engineering. Together these tenured firms designed and built the proprietary process for Verisite site certification to finally establish universal definitions and designations for site certification. This offers a modern, trustworthy standard for property owners, developers and communities that utilizes a consistent and standardized set of criteria to determine all aspects of a site’s readiness for development.
“Partnering with Radius Indiana, the Lawrence County Economic Growth Council, and the City of Mitchell was a tremendous opportunity for the Verisite team,” said Leslie Wagner, Senior Principal at Ginovus. “The goals of the project were to quickly set the Mitchell Industrial Park apart from its competition by mitigating the development timeline and risk of capital investment for any business looking to site a new facility. The Verisite program creates opportunities for excellent locations, like Mitchell, Indiana to become a preferred location for industrial growth and innovation.”