Tuesday, Dec 10, 2013
Businesses Bring One-Billion Dollars of Investments to Mt. Vernon
MT. VERNON -- Mt. Vernon leaders are celebrating a big number that shows the city's growth in recent years.
They say investors have poured nearly $1 billion into the local economy over the past five years.
"We have created an environment for growth," said Mt. Vernon Mayor Mary Jane Chesley, "It's just natural that it's going to continue to evolve into the future."
Expansion at Continental Tire and new businesses like Magnum Steel have helped the economic boost.
"When one company becomes successful here and they have had a good experience, then it makes other companies interested in your area," said economic developer Mary Ellen Bechtel.
The city and county have worked together to both attract new businesses and retain older ones.
"This city has worked very hard to get the zoning in place, the right incentives in place for the right project," said Bechtel, "They have also worked very hard to make sure there is property available."
In the last five years, new businesses have created 1,000 new jobs in totaling $45 million in new salary.
"It seemed like good things were going on, but the size and scope of what has actually happened was really shocking when we took a good look at it here in the last several months," said City Manger Ron Neibert.
Mt. Vernon isn't finished growing. Plans to upgrade Times Square Mall have already been approved, and projects like new hotels and restaurants are currently under construction.
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