We're open for Business!
Our economy in Knightstown and surrounding area have a diversity that is unique for a small town. We not only have our downtown retail district that continues to grow but we also have insustrial products and services. The Knightstown Town Council is working to improve the infrastructure including major improvements to waste water system coming in 2018. A Comprehensive Plan has recently been completed paving the way for many projects to both encourage our existing business to grow but also to attract new business to the area. We encourage business development whether you are a startup or looking for a new location for your business.
Knightstown is centrally located between Indianapolis IN, Dayton OH, Cincinnati OH and only a few hours to Chicago IL and Louisville KY. Access to highways providing fast travel include Interstate 70, Interstate 74, Interstate 69 and Interstate 65 along with US 40 which is the mainstreet of Knightstown.
Established in 2019, the Knightstown Redevelopment Commission (RDC) is responsible for economic development activities in Knightstown. Five members of the RDC are appointed annually, with the Superintendent of the Charles A. Beard schools as a nonvoting, ongoing member. Additionally, the Clerk Treasurer of the Town is also a nonvoting, ongoing member.
Why is economic development important?
In order for any community to survive, its citizens must have employment opportunities, and its government must be able to generate revenue to provide services. Economic development activities work to retain and grow jobs and investment within a community.
Economic Development is the creation of wealth from which community benefits are realized. It is more than a jobs program, it's an investment in growing our economy and enhancing the prosperity and quality of life for all residents.
Current Economic Development Activities in Knightstown:
- Masonic Lodge Building – The RDC owns the Masonic Lodge Building located on Main Street in the heart of Knightstown’s downtown. The RDC is interested in talking to interested parties in order to sell the property so that it can be developed into a resource that will strengthen the community.
- Housing Development Plans – The RDC and the Town have approved a housing development that will include twenty-two units and provide modern housing, tastefully developed to co-exist alongside the historic homes located throughout the Town.
- Planned Unit Development (PUD) – Plans are underway for a developer to develop a parcel of property into a PUD.
There are other projects in the pipeline. All of the projects will add to the quality of life in Knightstown, as well as increase local tax revenues to support continued economic development initiatives.