Record year for private capital investment in HC

It was a record-setting year for private capital investment in the county, hails Huntington County United Economic Development in its year-end report.

A total of $59,602,200 in private capital was invested in Huntington County in 2019, says the agency. That figure smashed the previous record of $40,271,400, which had stood since 2016.

HCUED reports that 19 industrial client projects were completed this year. A total of 182 new job commitments were made and 1,184 jobs were retained. The agency notes that the unemployment rate was 2.5 percent in September, which was nearly 2 percent lower than the rate of 4.4 percent reported in January 2017.

The year saw progress made in the county’s industrial parks. In Huntington, HCUED acquired ownership of 127 acres on the city’s southwest side, which will be used to create a new industrial park, Riverfork Industrial Park West. In Markle, HCUED sold off the remaining 10 acres of land it owned in Markle Industrial Park. The agency also secured an option agreement on a 50-acre site in the industrial park from Warpup Farms and facilitated the development of a 30-acre site from Lund Farms to Novae Corp.

HCUED also reports that its financials were reviewed. The review, which was voluntary, was successful, with no adjusting entries required. Additionally, the agency updated its website, www.hcued.com.