Zionsville Times Sentinel

Local News

February 9, 2011

Council boosts EDC funding

By Sophie Pappas/Times Sentinel reporter CNHI

At the Monday, Feb. 7, Zionsville Town Council meeting, the council approved additional funding for the Boone County Economic Development Corp.

Funding to the group has been increased to $50,000 compared to the 2010 budget allotment of $10,000.

Zionsville Town Manager Ed Mitro said an additional $20,000 will be taken from the town’s general fund.

The other additional $20,000 will be reappropriated from within the 2011 budget.

“(This money) will make for better use of the services provided,” Mitro said.

Boone County EDC Executive Director Dax Norton was in attendance at the meeting and thanked the council for their cooperation and participation in continuing to support the EDC.

“We can in fact provide additional services to you and the town,” Norton said.

Norton said that he has attended most of the Zionsville EDC meetings over the past year, and hopes to become more involved as Zionsville grows.

“Your support of the EDC will be well utilized,” Norton said.

At the Jan. 19, Zionsville EDC meeting, Norton spoke about the growth of Boone County.

“If a buyer decides on Zionsville and came to me today, I wouldn’t be able to help them,” Norton said.

With additional EDC funding and cooperation with the Zionsville EDC, this fact may change.

Norton said that as recent as Monday morning, he received a new proposition for a business wanting to locate in Zionsville.

“We’re certainly not in a budget race with other towns,” Norton said. “But we want to provide things the best way we can.”

Town council president Matt Price said he looks forward to Norton’s future increased involvement in Zionsville.

“I appreciate Dax’s diligence over that last several years,” Price said. “It’s served us very well.”

The Boone County EDC has played a role in the town’s development over the past several years, with an effort to boost revenues and attract the most ideal businesses to Boone County.

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