At its monthly meeting, the River Ridge Development Authority (RRDA) made significant strides forward in its mission to drive economic activity in Southern Indiana.
Jerry Acy, RRDA's Executive Director, is leading negotiations for the sale of approximately 23.5 acres of undeveloped land, known as Tract 12G, strategically positioned along Salem Road and within Jeffersonville, presenting an attractive opportunity for development. The potential buyer intends to construct a 150,000 square foot industrial building on the site. A 60-day window has been set for the execution of a purchase and sale agreement, highlighting the urgency of the process.
The potential economic impact of this venture emphasizes the RRDA's commitment to fostering growth and job creation in Southern Indiana.
The Board also approved a contract for $1.3 million to Excel Excavating, Inc. to extend 1,700 linear feet of access road and drainage infrastructure near its headquarters building to serve future tenants of the River Ridge Commerce Center.
Board Meeting Materials Now Available Online
Additionally, as part of its commitment to transparency and accessibility, the RRDA announced that materials from its board meetings are now accessible on its website at www.riverridgecc.com.
About River Ridge Development Authority
The River Ridge Development Authority, spanning over 6,000 prime acres, has become a source of major economic development for the Louisville-Southern Indiana region. Established to mitigate the economic impact of the shuttered Indiana Army Ammunition Plant, the River Ridge Development Authority has evolved its mission to meet the tailored needs of the community. Our goal extends beyond mere replacement of lost revenue to creating a premier destination for advanced manufacturing, distribution, and industrial companies from across the nation and around the globe.
Serving as home to more than 80 companies, RRDA contributed an estimated $2.93 billion to the region's economic output in 2023, supporting over 18,000 jobs. In addition, RRDA funded approximately $20 million in capital projects in 2023. These initiatives include vital infrastructure improvements, including $5.9 million in roadway projects, $6.2 million in utility enhancements, and $3.5 million allocated to demolition and site preparation.