Brownsburg touts record economic investment
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The town of Brownsburg says it continues to see a strong business climate. For the first half of the year, the town says businesses have committed more than $200 million in capital investments in the town, a 33% increase compared to last year.
According to the town, the investments will create more than 400 new jobs with a potential annual payroll of $19.3 million.
“Despite lasting effects and economic impact of the pandemic, 2022 is shaping up to be another record-breaking year for the Town of Brownsburg,” said Town Council President Travis Tschaenn. “Over the last couple of years, we’ve focused on refining our processes and promoting Brownsburg as open for business; you can see those efforts paying off as you drive through town.”
The town says multiple large investments at its Ronald Reagan Logistics Center are leading the economic activity. Wisconsin-based boat engine maker Mercury Marine is constructing a 512,000-square-foot distribution center, which is expected to create approximately 250 jobs.
Indianapolis-based Scannell Properties is planning to begin construction on phase 2 of the Ronald Reagan Logistics Center this fall, including four buildings the town says are expected to produce more than $129 million in capital investment, create a minimum of 200 new jobs and generate nearly $8 million in annual payroll.
In May, janitorial and foodservice distribution company Acorn Distributors began construction of its company headquarters in Brownsburg. When complete, the 125,000-square-foot facility is estimated to bring in $11 million in capital investments.
Additionally, the town says Duke Realty is constructing two spec buildings off of N. C.R. 1000 E., valued at a total of $45.2 million.