“This designation will be a huge step forward for the City of Fishers,” Kenley said. “CTPs allow communities to harness the innovation, drive and entrepreneurship of their citizens and invest in economic growth. The funds coming from the CTP program will help Fishers continue to develop the Nickel Plate District as a high-technology, entrepreneurial epicenter and expand the space, providing more opportunity for growth.”
Kenley added that in addition to expanding the physical location to include North East Commerce Park, Fishers will relocate Launch Fishers to the CTP and perform infrastructure improvements that encourage more high-tech businesses to move to the park. Kenley noted Ball State University’s entrepreneurial technology learning and mentoring center will also be located in the CTP.
The CTP program is a function of the Indiana Economic Development Corporation that allows local governments to recapture certain state and local tax revenue, which can be invested in the development of the park.
Read statement from Fishers Mayor Scott Fadness and Launch Fishers Founder John Wechsler