Former Kimball International plant to be renamed Borden Business Park LLC

Details to be announced at news conference on Wednesday, July 1 at 5:30 p.m. EDT

BORDEN, Ind. - (June 30, 2009) – Representatives from the Town of Borden along with the Koetter family have scheduled a press conference to announce the purchase and renaming of the former Kimball International manufacturing plant.  The facility contains 400,000 square feet and will be named Borden Business Park LLC.

The news conference will take place on Wednesday at 5:30 p.m. on the grounds of the facility at 555 East Water Street in Borden.

The property is expected to accommodate a number of tenants where the former manufacturing facility operated until it closed in April 2009.  “We are thrilled to see a recently vacated property be repurposed in Clark County,” said Michael Dalby, president and CEO of One Southern Indiana.  “In today’s economy, it is always a positive step in the right direction to see new ideas and more growth in Southern Indiana’s business community.”

About One Southern Indiana:
One Southern Indiana is a business advancement organization dedicated to supporting entrepreneurship, existing business growth, and attracting new enterprises to the Greater Louisville/Southern Indiana region.  Representing more than 1,200 businesses, One Southern Indiana provides its clients with business intelligence, advocacy, and connections solutions in support of regional business innovation.  Since its creation in July 2006, One Southern Indiana’s economic development efforts have resulted in the creation of more than 4,855 net new jobs in Clark and Floyd Counties.  Combined, these 50 locations will contribute more than $209 million in new initial capital and $168 million in new annual payroll to Southern Indiana.  For more information, please visit www.1si.org.

CONTACT:
Rudy Cook
Town of Borden
812-967-2234

Brandon Koetter
812-399-9119