September 1, 2015
Mary Lynn Beaver
Hoosier Energy honored again as Top 10 Utility
BLOOMINGTON, IN - The joint economic development program of Hoosier Energy and its member electric distribution cooperatives has been recognized once again as one of the top 10 utility programs in the nation.
Site Selection magazine announced its top utilities in economic development today in a press announcement.
Hoosier Energy is an electric power supply cooperative with 18 member distribution systems that serve more than 300,000 homes, business and industries in central and southern Indiana and southeastern Illinois. This is the seventh time since 2002 that Hoosier Energy has been named to the top 10 list by the publication.
The power supplier was recognized for economic development results with member cooperatives in 2014. Commercial and industrial projects announced in 2014 included 58 new and expanded businesses that are expected to add approximately 2,200 jobs and $600 million in capital investment in communities served by member cooperatives. Key growth sectors included food processing, automotive and distribution industries.
"Electric cooperatives share a tradition of making rural areas better places to work and live," said Harold Gutzwiller, Manager of Member and Key Accounts for Hoosier Energy. "Last year's jobs and investment results were among the top five in our history and demonstrate our members continued commitment to the cooperative principle of concern for community."
Partnerships with local communities and Hoosier Energy's 18 member systems have resulted in more than $6 billion in new investments and almost 29,000 new jobs in the last 15 years.