[r65] Rep. Koch Boosts Local Industrial Development Efforts (1/19/2010)

Tuesday, January 19, 2010

Start Date: 1/19/2010 All Day
End Date: 1/19/2010

Rep. Koch Boosts Local Industrial Development Efforts

Bill Would Designate Grissom as an Airport Development Zone

STATEHOUSE-Lawrence County would have a new tool for industrial development under legislation introduced by State Representative Eric Koch (R-Bedford).  House Bill 1023 would allow the Lawrence County Board of Aviation Commissioners, with the approval of the Lawrence County Commissioners, to designate the Virgil I. Grissom Municipal Airport an Airport Development Zone.  If so designated, several tax incentives would be available for the airport area, including the Employment Tax Deduction, the Employee Expense Credit, the Loan Interest Credit, the Neighborhood Assistance Credit, and the Investment Cost Credit. 

Under current law, Airport Development Zones are only authorized in the following areas: Marion County, the City of Gary, Vigo County, Allen County, Vanderburgh County, Delaware County; and the City of Anderson.

"There is a great deal of land suitable for industrial development within and around the airport,' said Rep. Koch. "The Airport Development Zone designation will be another tool in the toolbox for local industrial development efforts, particularly those directed toward attracting aviation and aerospace industries to our county.  There is enormous potential right now at our airport."

Rep. Koch met recently with the Lawrence County Board of Aviation Commissioners to present the legislation.  The airport is currently in the process of developing a master plan, and the Airport Board viewed the Airport Development Zone designation as extremely important to its goals.  "We are not on an Interstate and we are fighting to save our rail access," said Rep. Koch.  "This makes leveraging our airport infrastructure even more important."

Rep. Koch serves House District 65, which includes parts of Bartholomew, Brown, Jackson, and Lawrence Counties, and serves as Assistant Republican Caucus Chairman. 

[For additional comment:  Ray Sexton, Airport Manager, 812-797-1722 and Gene McCracken, Executive Director, Lawrence County Economic Growth Council, 812-275-4493]

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