2024-09-05T13:37:46-05:00 2024-04-30 351327464 SACKRIDER & COMPANY INC 1925 Wabash Ave Terre Haute IN 47807 990 2023-05-01 351529347 Terre Haute Area Economic Development Corporation TERR 8122342524 900 Wabash Avenue 200 Terre Haute IN 47807 Steve Witt President 8122342524 2024-09-03 1 0 O Earl Elliott CPA P00426686 8122329492 2023 2024-08-08 14:25:15Z Steve Witt 900 Wabash Avenue 200 Terre Haute IN 47807 1055111 0 X www.terrehauteedc.com X 1965 IN To promote business growth and attract new business and industry to Terre Haute and Vigo County, Indiana. 62 60 5 0 0 0 508980 716356 305973 323772 7241 14983 0 0 822194 1055111 0 0 0 0 640650 624894 0 0 0 178299 353944 818949 978838 3245 76273 897489 919101 140571 85910 756918 833191 X To promote business growth and attract new business and industry to Terre Haute and Vigo County, Indiana. 0 0 884498 Overview of the Accomplishments of the Terre Haute Economic Development CorporationBelow are Highlights of the Terre Haute Economic Development Corporation's Activities for the 2022-2023 Fiscal Year*****AMAZON SELECTS VIGO COUNTY INDUSTRIAL PARK FOR NEW AMAZON HUB DELIVERY STATIONFollowing months of behind-the-scenes due diligence, it was announced on February 13, 2024 that Amazon has selected the Vigo County Industrial Park as a site for a new Amazon Hub Delivery station. This facility, to be constructed at the southwest corner of Industrial Drive and Carlisle Road, will be approximately 47,000 square feet in size, with a total initial investment of approximately $10.6 million. Amazon plans to hire approximately 100 new full-time and part-time employees to staff the facility. Additionally, Amazon hopes to also provide additional part-time employment and business opportunities for up to 100 additional contract workers/businesses.Amazon's new Hub Delivery program was formally rolled out in July, 2023. Initially, the program will operate in 23 states, including Indiana. Additional information on the program is provided on Amazon's website, as follows:"Amazon Hub Delivery is our newest delivery program that partners with small businesses with a strong understanding of the local neighborhoods to deliver Amazon packages. It is a flexible and new way for partners interested in joining to boost their bottom line, working with their existing staff, when it works best for them. For example, a hair salon owner, with clients in the morning and evening, might find Amazon Hub Delivery is a good way to fill the gaps in their schedule during the day. We have piloted the program in rural areas of the U.S. and now plan to scale it and even bring it to dense large cities like New York, Los Angeles, Seattle and Boston, with the goal to recruit 2,500 partners in 23 states by the end of the year, including florists, coffee shops, clothing boutiques, gas stations, plumbers and hair salons.Partners can make up to $27,000 in incremental income a year, a profitable new revenue stream that could contribute to a much larger impact across the country. If we reach our goal of onboarding 2,500 partners, this program could result in $38 million in incremental income for participating businesses in 2023."Another interesting facet of the program/new facility is the concept of "Last Mile Delivery". Rather than items going from a major Amazon distribution center to the consumer via a circuitous route that entails multiple steps along the way, the Last Mile concept will see items shipped from an Amazon distribution center (likely one of the Amazon DCs located in the greater Indianapolis area) early in the morning, to the Vigo County Industrial Park facility later that same morning - for final delivery later that same day. So, the Hub Delivery program will speed up delivery time from time of purchase to point of delivery. So, the chances of ordering an item one day and having it delivered the next will continue to rise, as Amazon perfects its program. Somewhat akin to the old TV commercial that cleverly tried to answer how many licks it takes to get to the Tootsie Roll center of a Tootsie Pop the world may never know Amazon doesn't yet know how much time can ultimately be shaved from the process of package delivery. But, without question, the company continues to employ new, more efficient programs to provide the best service possible for its customers.The Terre Haute Economic Development Corporation has worked with Amazon and its representatives on the proposed new Hub Delivery Station project since August, 2023. Construction should commence later in 2024.NEW CARLISLE ROAD WATER MAIN COMPLETEDCulminating several years of planning and engineering work, a major new water main has been completed along the eastern border of the Vigo County Industrial Park II. This water main, formally a project of the Vigo County Redevelopment Commission, is twelve inches in diameter and nearly one-half mile in length, extending from just south of AIS Gauging to the south side of the rail road tracks that serve the Vigo County Industrial Park I. The cost of the project was a little less than $1 million. In addition to the water main itself, several new hydrants were added along the way as well.Several entities were involved in making this project a reality. Funding for the project was provided by the Vigo County Redevelopment Commission via two of the tax-increment finance districts within the Commission's purview. The Corradino Group designed the main and managed its construction, working in close conjunction with representatives of Indiana-American Water Corporation, which is now the owner of the line. The contractor for the project was B & T Drainage of Marshall, IL. Although this new water main has been in the works for a number of years, the primary beneficiary will be ENTEK's new battery separator plant as the main runs along the east end of ENTEK's new VCIP II property. Additionally, the new main will bring benefit to other nearby businesses and homes via relatively-close access to the those who wish to connect. Finally, fire protection capabilities in the nearby area will be enhanced through access to additional water (at relatively high-pressure) along with the installation of a number of new fire hydrants.The Terre Haute Economic Development Corporation manages the Vigo County Industrial Parks I and II on behalf of the Vigo County Redevelopment Commission. The THEDC was deeply involved in the entire project, from start to finish.ENTEK BREAKS GROUND ON NEW GIGA-SCALE LITHIUM-ION BATTERY COMPONENTS MANUFACTURING FACILITYAccording to the website clubztutoring.com, the term "giga-" was derived as follows:"The prefix "giga-" has become a common term to describe immense scale and power. From data storage to internet speeds, the term "giga-" has taken on a significant role in shaping our digital world.To comprehend the true magnitude of "giga-", let's start with a definition. The prefix "giga-" is derived from the Greek work "gigas", meaning "giant or "immense". In the International System of Units (SI), "giga-" represents a factor of 10 to the 9th power or one billion. This implies that any measurement preceded by "giga-" is on an astronomical scale, far surpassing standard or even large quantities."Gigafactory: This term gained prominence with Tesla's Gigafactory projects. It refers to a manufacturing facility dedicated to producing immense quantities of batteries and other energy storage devices."With the above information in mind, one can better appreciate the size and scale of ENTEK's $1.5 billion, "giga-scale", manufacturing plant coming to the Vigo County Industrial Park II.September 6, 2023 brought the formal groundbreaking ceremony for ENTEK's new lithium-ion battery components facility. ENTEK's press release of September 6th excerpts of which are below provides a great overview of the company's immense new project:"Terre Haute, IN (September 6, 2023) Oregon-based ENTEK, the only US-owned and operated manufacturer of wet-process lithium-ion battery separators, broke ground on a $1.5 billion separator plant in Terre Haute, Indiana today. This plant will produce lithium-ion battery components for the growing electric vehicle (EV) industry and represents ENTEK's single largest investment to date . . . the new facility will generate more than 640 high-wage jobs by the end of 2027. The plant is set to produce up to 1.4 billion square meters of battery separators per year, enough to supply material for approximately 1.4 million vehicles annually.Today's groundbreaking ceremony included federal, state and local officials as well as key private stakeholders who were essential in bringing this project to Terre Haute. Larry Keith, CEO of ENTEK and Kimberly Medford, President of ENTEK Manufacturing were joined by Indiana Governor Eric Holcomb; Congressman Larry Buschon; representatives from Senator Young and Senator Braun's offices; Indiana State Senator Jon Ford; Vigo County Commissioner Chris Switzer; Steve Witt, President of the Terre Haute Economic Development Corporation; Sue Ellspermann, President of Ivy Tech Community College and Stan Pinegar, President of Duke Energy Indiana. 884498 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 5 0 5 1 0 0 0 0 0 0 0 0 0 0 X 62 60 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 1 1 0 IN X Sackrider & Company Inc 8122329492 1925 Wabash Avenue Terre Haute IN 47807 Claudia Tanoos Vice President 40.00 X X 83277 0 53100 Steve Witt President 40.00 X X 179048 0 70780 Mr Jeff Hogue Member 1.00 X 0 0 0 Mr David Hannum Member 1.00 X 0 0 0 Mr Adam Huston Member 1.00 X 0 0 0 Mrs Jennifer Isbell Scott Member 1.00 X 0 0 0 Mr Larry Yargus Member 1.00 X 0 0 0 Mayor Brandon Sakbun Member 1.00 X 0 0 0 Mr Dave Pluckebaum Member 1.00 X 0 0 0 Mr Kenneth Jackson Member 1.00 X 0 0 0 Mr Tim Dora Member 1.00 X 0 0 0 Mr Brian Dorsett Member 1.00 X 0 0 0 Mr Rick Burger Member 1.00 X 0 0 0 Ms Casey Schroeppel Member 1.00 X 0 0 0 Mr Steve Danielson Member 1.00 X 0 0 0 Mr Jamie Amodeo Member 1.00 X 0 0 0 Mr Norm D Lowery Member 1.00 X 0 0 0 Mr Mark Unger Chairman 1.00 X X 0 0 0 Mr Mark Fuson Member 1.00 X 0 0 0 Mr Matthew Johnson Member 1.00 X 0 0 0 Mr Pete Goda Member 1.00 X 0 0 0 Mr Melvin Burks Member 1.00 X 0 0 0 Mr Andy Hendricks Member 1.00 X 0 0 0 Mr Luke Terry Past Chairman 1.00 X X 0 0 0 Mr Charles Thurston Member 1.00 X 0 0 0 Mr David Baker Vice Chairman 1.00 X X 0 0 0 Dr Deborah Curtis Member 1.00 X 0 0 0 Dr Lea Anne Crooks Member 1.00 X 0 0 0 Mr Josh Zuerner Member 1.00 X 0 0 0 Mr Max Watson III Member 1.00 X 0 0 0 Mr Terry Mace Member 1.00 X 0 0 0 Mr Daniel Conley Member 1.00 X 0 0 0 Mr Dan Gmelich Member 1.00 X 0 0 0 Mr Jim Nichols Member 1.00 X 0 0 0 Mr Kenny DePasse Member 1.00 X 0 0 0 Mr Greg Gibson Chairman Elect 1.00 X X 0 0 0 Mr Grant Bradley Member 1.00 X 0 0 0 Mr Robert Coons Member 1.00 X 0 0 0 Mr Earl Elliott Member 1.00 X 0 0 0 Mr Brennan Randolph Member 1.00 X 0 0 0 Mr Andy Volkl Member 1.00 X 0 0 0 Mr Tom Denny Member 1.00 X 0 0 0 Ms Heather Strohm Member 1.00 X 0 0 0 Mr Roberto Bohrer Secretary/Treasurer 1.00 X X 0 0 0 Mr Tyler Dinkel Member 1.00 X 0 0 0 Mrs Fredia Haviland Member 1.00 X 0 0 0 Mr David Templeton Member 1.00 X 0 0 0 Ms Kristin Craig Member 1.00 X 0 0 0 Mr Matt Lohmiller Member 1.00 X 0 0 0 Ms Karen Dyer Member 1.00 X 0 0 0 Mr Craig Maschino Member 1.00 X 0 0 0 Mr Mark Casanova Member 1.00 X 0 0 0 Mr Bart Colwell Member 1.00 X 0 0 0 Mr Paul Thrift Member 1.00 X 0 0 0 Mr Luciano Farias Member 1.00 X 0 0 0 Mr Scott Jaeger Member 1.00 X 0 0 0 Mr Steven Holman Member 1.00 X 0 0 0 Commissioner Mark Clinkenbeard Member 1.00 X 0 0 0 Commissioner Mike Morris Member 1.00 X 0 0 0 Commissioner Chris Switzer Member 1.00 X 0 0 0 Ms Krisite Howe Member 1.00 X 0 0 0 Dr Christopher Himsel Member 1.00 X 0 0 0 Mrs Lisa Lee Member 1.00 X 0 0 0 Ms Leslie Beard Member 1.00 X 0 0 0 262325 0 123880 1 0 1 0 0 228750 487606 716356 Marketing Services 541900 250000 250000 Management Services 541610 73772 73772 323772 14983 14983 1055111 323772 0 14983 386204 347584 38620 158861 142975 15886 12205 10984 1221 36383 32745 3638 31241 28117 3124 21153 21153 7968 7171 797 875 787 88 63448 57103 6345 8103 7293 810 2330 2097 233 MT Plan 193180 193180 Marketing General 32633 32633 Dues & Fees 22113 19902 2211 Postage 839 755 84 1302 1172 130 978838 884498 94340 0 215265 197304 216653 428908 162069 191036 73649 71196 6342 2453 297160 99400 897489 919101 5571 5910 135000 80000 140571 85910 X 756918 833191 756918 833191 897489 919101 76273 0 X 1 X 0 0 0 0 1 0 31922 29469 2453 41727 41727 0 2453 US T Note 4.375% Due 10/31/24 99400 C 99400 X X 0 0 0 0 0 0 0 0 0 Steve Witt President 179048 0 0 0 0 0 13712 0 57068 0 249828 0 0 0 Claudia Tanoos Vice President 83277 0 0 0 0 0 6228 0 46872 0 136377 0 0 0 Vigo County Executive Committee Member Mark Clinkenbeard 125000 Marketing Services 0 City of Terre Haute Executive Committee Member Brandon Sakbun 125000 Marketing Services 0 City of Terre Haute Executive Committee Member Brandon Sakbun 73772 Management Services to the City's Department of Redevelopment 0 Form 990, Part III, Line 4a Many factors contributed to ENTEK choosing to locate this giga-scale expansion in Terre Haute. From the outset, ENTEK felt supported by the federal, state and local officials. Department of Energy funding opportunities are crucial to this expansion effort as the Administration and Congress invest in expanding domestic electric vehicle production capacity, as well as investments from the Indiana Economic Development Corporation and economic incentives from Vigo County. Terre Haute was immediately attractive with a readied workforce fueled by the expansive educational opportunities in the area, an abundance of renewable energy provided by Duke Energy, and private sector partners all working hand-in-hand to advance industry in the region." The Terre Haute Economic Development Corporation has worked with ENTEK officials on their exciting new project since October, 2022. As with nearly all projects of this scale (four primary structures totaling 1.6 million square feet), our work is only just beginning. We look forward to assisting ENTEK as construction commences in earnest over the coming weeks and months at the company's new 350 acres location in the Vigo County Industrial Park II. SIGNIFICANT UTILITY INFRASTRUCTURE UPGRADES IN THE WORKS TO SUPPORT NEW ENTEK PROJECT Driven by the enormous utility requirements of ENTEK's lithium-ion components project at full-build out, both Vigo County Industrial Parks will see significant upgrades that will not only meet the requirements of ENTEK, but will benefit future new projects and expansions going forward. The Vigo County Industrial Park I and II are served by great utility partners. From an electric power standpoint Duke Energy serves a large portion of the VCIP I and the entirety of the VCIP II. WIN Energy REMC serves a significant portion of the western end of the VCIP I. For both the VCIP I and II . . . natural gas is provided by CenterPoint Energy; potable/process water is provided by Indiana-American Water Corporation; sanitary Sewer by the City of Terre Haute and rail service is provided by CSX Transportation (via Vigo County Redevelopment Commission-owned rail). Finally, without question, JOINK has emerged as the both parks' preeminent fiber provider. ENTEK will be a very significant consumer of electric power, natural gas, process water and sanitary sewer. Extensive planning activities along with engineering design are currently underway by all of the utility companies who will be serving the ENTEK project. MANAGEMENT SERVICES AGREEMENT WITH THE CITY OF TERRE HAUTE DEPARTMENT OF REDEVELOPMENT CONCLUDES AFTER SUCCESSFUL EIGHT YEAR RUN A Management Services Agreement between the Terre Haute Economic Development Corporation and the City of Terre Haute Department of Redevelopment reached its end on February 29, 2024, following a successful eight year run. More specifically, the Agreement called for the President of the THEDC to also serve as the Executive Director of the Department of Redevelopment on a part-time basis. At its inception, it was envisioned that the Agreement would run a year or two at best, as an effort to save a bit of money for the Redevelopment Department as opposed to having a full-time director. The ever-decreasing Federal Community Development Block Grant (CDBG) and HOME monies from the U.S. Department of Housing and Urban Development (HUD) the funding backbone of the Department has necessitated a reduction in Redevelopment staff over the years. Over the past 20 years or so, the annual amount of CDBG and HOME formula dollars available to the Redevelopment Department has decreased by over $1 million dollars. On a brighter note, however, the funding situation has stabilized a bit, allowing the hiring of a new, full-time director, Jordan Marvel. Jordan began his new role on March 18, 2024. This writer has been fortunate to have been the Executive Director of the Department of Redevelopment in two separate stints full-time Director from 2000 2005 and part-time director from 2016 until the end of February of this year. During this time, I have been fortunate to work with highly-competent staff members and friends Dean Branson, Phil Kesner, Phenny Hall and Virginia Kelsheimer (current staff members) as well as retired staff members Cindi Chandler, Mike Kass and Dave Walker. Going forward, the Department of Redevelopment will continue its outstanding work on behalf of the citizens of Terre Haute. Be it the construction of infrastructure in low and moderate income neighborhoods; assistance to non-profits housing corporations regarding new bricks and mortar initiatives; demolition of substandard structures and work in one of the City's five tax increment finance areas, the Department of Redevelopment will successfully carry forth its mission into the future. Form 990, Part VI, Section A, line 6 Line 6 explanation - Any person, association, corporation, partnership, foundation or legal entity having an interest in the objectives of the Corporation shall be eligible for one of the 4 classes of membership. Form 990, Part VI, Section A, line 7a Line 7a explanation - All primary members are given one vote on matters that require a member vote. Form 990, Part VI, Section B, line 11b Line 11b Explanation - The completed return was given to the executive committee for review before filing. Form 990, Part VI, Section B, line 15 All other employee compensation adjustments occur during the annual budgeting process which includes significant Executive Committee involvement. The President's compensation is reviewed and revised by the Organization's Executive Committee. The Executive Committee includes members that have access to peer data. Minutes of Executive Committee document the discussion and decision. Form 990, Part VI, Section C, line 19 The governing documents and financial statements are available upon request. These documents may be requested by contacting the corporation directly by e-mail or telephone, through their website, or from Sackrider & Company, Inc., where the records are held.