LANESVILLE, INDIANA (WDRB) --A small Kentucky pharmaceutical company is moving to southern Indiana. It will be the first tenant in a long-planned business park near Lanesville.
Exit 113, off I-64 in Harrison County will be the site of the 76-acre business park. It has been talked about for years, but appears to be finally close to becoming a reality.
"The reason we chose Lanesville," explains Darrell Voelker, the Executive Director of the Harrison County Economic Development Agency,"is that it is closest to Harrison County, to the Metro Louisville area, and also because there is an interchange here."
Today it is just a snow-covered empty field adjacent to the interstate. But construction is expected to start in about a month or two on a 60,000 square foot distribution center.
Areva Pharmaceuticals, now based in Elizabethtown, Kentucky is planning a 16-acre campus there. The new distribution center will bring about 35 new jobs to the area.
But the company says it will be just the first phase of what will eventually be a production center, a research site, and an office complex that could mean a total of 170 high paying jobs by 2019.
"We need to be closer to our global partners," says Areva president Victor Swaminathan," and UPS provides us with that ability and Lanesville falls under that radius, being closer to Worldport, so those are the reasons we chose Lanesville."
The company is getting state and local incentives totaling $7 million. A county road leading to the property has been re paved and widened. The county's economic development agency will build the warehouse and lease it to the company.
County leaders maintain it is a good investment for taxpayers. "The company will eventually buy that building from us," says Voelker, "and the $2 million is tax credits from Indiana to create 25 to 30 dollar an hour jobs in Harrison County so we think that is an outstanding use of those funds."
The county is also building a sewer line to the site which it hopes will spur further development of office buildings and shops near the Lanesville interchange.
Areva Pharmaceuticals manufacturers specialized drugs for the treatment of cancer and heart disease.
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