Construction underway on Amplify Hancock

Monday, November 18, 2024 at 7:46 AM

By Staff report

The Indiana Economic Development Corporation joined local and regional officials in Greenfield Friday to break ground on the Amplify Hancock, a dedicated and cohesive hub for growing the region’s skilled talent.

The space is being supported by funding from Indiana’s Regional Economic Acceleration and Development Initiative (READI).

The facility, which was designed by Ratio Architects and is now being constructed by Meyer Najem, is expected to be completed by July 2026. The site also allows ample space for expansion in the future.

“Amplify Hancock is definitely a transformational project for our community and our region," said Hancock County officials. "We are thankful for the award of READI funding that helped kickstart this project. The combination of education and private industry will provide workforce and higher education opportunities as well as encourage economic growth for years to come."

READI 1.0 has awarded $487 million to 353 unique projects and programs across the state, yielding $12.6 billion invested (26:1 investment leverage ratio) in quality of life, quality of place and quality of opportunity initiatives. READI 2.0, which was part of Gov. Holcomb’s 2023 Next Level Agenda and secured additional funding awarded by the Lilly Endowment, is allocating another $750 million to accelerate community development investments statewide. This funding is expected to attract a minimum 4:1 match of local public and private funding, yielding at least $3 billion invested to increase the vibrancy and prosperity of Hoosier communities.

Hancock County is part of the READI 1.0 70-40 Mt. Comfort Corridor region – led by the Hancock County Economic Development Council – that was awarded $5 million in READI 1.0 matching funds.