HANCOCK COUNTY

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HANCOCK COUNTY

Browning wants sweets

The Hancock County Economic Development Corp. plans to ask the county council for tax incentives on behalf of Indianapolis-based Browning Investments for two speculative buildings the developer is eyeing for the booming Mount Comfort area.

The value of the incentives was not immediately available.

The request involves one building originally proposed for 272,000 square feet, and the other for a larger warehouse/logistics structure of nearly twice that size, said Dennis Maloy, executive director of the economic development group.

Browning recently decided to downsize the smaller building to 250,000 square feet.

“It will allow them to cater to smaller opportunities,” Maloy said.

Tax breaks aren’t anything new in this western Hancock hotbed. Precedent Cos.-the largest developer in the area-received various incentives for the majority of its large, speculative buildings in the Mount Comfort area.

Preliminary plans filed with the county show Browning wants to put up four buildings south of Mount Comfort Airport on about 154 acres.

Maloy said interest in Hancock County for industrial development has picked up considerably since the first of the year,
despite talk of recession, with at least eight projects in the works.

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