VINCENNES, Ind. (WTHI) – Staffers with Wolfe’s Construction, a Vincennes based company were on hand Monday at a building on 4th and Main Streets as part of a construction overhaul at 400 Main Street. The building, according to city officials, was purchased by a Pioneer Oil Company. The company, which has operations in Lawrence County, Illinois, is slotted to open a headquarters office on Main Street in Vincennes.
“It’s not often you have that kind of opportunity to see that kind of growth and development in an established area like Main Street,” said Gary Gentry, Knox County Development Corporation.
Gentry explained the new Main Street location would staff between 30 to 40 Pioneer employees with an additional 200 plus employees reporting to that location for work. Ultimately, Gentry noted, the added business would increase foot traffic on Main Street; adding to its vibrant restaurant and shopping spots.
In part, Gentry told News 10, Pioneer made the move because Indiana offers a tax credit for businesses, which Illinois does not.
“Consequently there are several economic advantages of doing business Indiana as opposed to doing business in Illinois,” said Gentry, also explaining that the financial picture of Illinois’s government was not as strong as Indiana’s; Vincennes makes sense, because its very close to Pioneer’s operation in Lawrence County.
“You know we have a certain synergy going here in Knox County and in the city Vincennes we’ve had a lot of recent successes, a lot of new industry, a lot of good things going on, just about everywhere you look there’s some form of construction, or demolition or rehabing,” said Gentry. “Most of our economic development activities take place in the county, because you just don’t get the opportunity to do that in an established area, so this is really big, and it’s good for the city.”
As to when the Main Street project would be complete, some reports indicated by the end of the summer, but there was not immediately an exact finish date.
Similarly, a search of the company which owns the structure at 400 Main Street, was also found in city records to own several buildings surrounding the soon-to-be Pioneer Building.