Construction set with goal of luring business to area
Seymour Plan Commission approved a plan Thursday allowing developers to build a shell building on property in Seymour’s East Side Industrial Park.
TDAK Development Inc., owned by Andy Royalty of Seymour, will construct the 70,000 sq. ft. facility with the hope of luring business to fill the space in the near future. The property is in the 2000 block of Killion Avenue and is owned by Seymour Industrial Corp.
Jim Plump, executive director of Jackson County Industrial Development Corporation, spoke in support of the project.
“We believe this is an opportunity, since more than 50% of the inquiries that we get, companies are looking for existing buildings as opposed to land to expedite their process.” – Jim Plump, JCIDC Executive Director
It’s possible the building could be used by an existing business, too, Plump said.
Plump described the project as a “win-win” for the city and county because of its potential to add jobs and revenue for the city in the form of property and income taxes.
Dave Geis, president of Seymour Industrial Corp., said the joint venture between TDAK Development Inc. and Seymour Industrial Corp. to construct the spec building is a good one.
“We understand from advisers that it’s not enough to have shovel-ready sites these days,” Geis said. “You need to be competitive with actually having a shell up and ready to be finished out.”