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Plymouth, Indiana – October 30, 2007 - The Plymouth-Marshall County Technology Squared Initiative, Inc. (T-squared) announced today that they had received a letter of intent from an orthopedic device company to locate in the proposed Plymouth tech park, The techFarm™.
David Miller, President of T-Squared, stated that the company provides Research & Development, Engineering & Testing, Commercialization, and Manufacturing resources to orthopedic and medical device companies in the U.S.

Miller said that the company’s intent will be the basis of the City of Plymouth’s application to the State of Indiana Economic Development Corporation (IEDC) to become a “Certified Tech Park.” In order to apply for Certified Tech Park status, a community must submit their application to the IEDC specifying a high tech company that wishes to locate in the Park.

The company is considering locating in Plymouth or a site in Kentucky. The Kentucky area has already proposed a broad set of incentives to try to lure the Company across the border.
Plymouth and Marshall County have committed over $700,000 to the tech park initiative and the Private Sector has committed over $1 million.

The U.S. Economic Development Administration recently approved a grant for $1.1 million for tech park infrastructure.

Certified Tech Park status from the IEDC will allow Plymouth access to the state’s Technology Development Grant fund and also allow for the use of other State incentives in the Park.

According to Doug Anspach, Plymouth’s Economic Development Director, “This is a perfect opportunity for the State of Indiana to support a small, rural market like Plymouth in its technology and economic development efforts, and time is of the essence, as the Company is going to make their location decision by mid-November, 2007.”

The Plymouth-Marshall County Technology2 Initiative is a public/private economic development strategy that positions the area for long-term economic growth, and enhances the quality of life of the citizens. T2 is made up of three comprehensive and complimentary developments: The techFarmTM, the techVillage, and the MCmetroNet.

The techFarmTM offers a highly visible suburban setting where technology businesses can grow and prosper. This public/private partnership with Van Vactor Development includes an R&D Testing Center, a new product commercialization facility, a state-of-the-art training facility, and plenty of acreage for company expansions.

The techVillage combines the advantages of a near-downtown urban setting, property redevelopment, and a Community Resource Center, and offers opportunities for office-based technical development and a knowledge-based small business incubator. The Community Resource Center will provide a common building for area social service agencies, providing better facilities, improved accessibility and efficiencies of scale.

In conjunction with these two developments, the MCmetroNet project is aggressively implementing a broadband strategy that will bring competitively priced fiber optic cable for businesses into the area.

Source: Plymouth-Marshall County Technology Squared Initiative, Inc.