Terre Haute Area Economic Development Corporation

“Line 6 explanation - Any person, association, corporation, partnership, foundation or legal entity having an interest in the objectives of the Corporation shall be eligible for one of the 4 classes of membership.”

“Line 7a explanation - All primary members are given one vote on matters that require a member vote.”

“Line 11b Explanation - The completed return was given to the executive committee for review before filing.”

“All other employee compensation adjustments occur during the annual budgeting process which includes significant Executive Committee involvement. The President's compensation is reviewed and revised by the Organization's Executive Committee. The Executive Committee includes members that have access to peer data. Minutes of Executive Committee document the discussion and decision.”

“The governing documents and financial statements are available upon request. These documents may be requested by contacting the corporation directly by e-mail or telephone, through their website, or from Sackrider & Company, Inc., where the records are held.”

“Many factors contributed to ENTEK choosing to locate this giga-scale expansion in Terre Haute. From the outset, ENTEK felt supported by the federal, state and local officials. Department of Energy funding opportunities are crucial to this expansion effort as the Administration and Congress invest in expanding domestic electric vehicle production capacity, as well as investments from the Indiana Economic Development Corporation and economic incentives from Vigo County. Terre Haute was immediately attractive with a readied workforce fueled by the expansive educational opportunities in the area, an abundance of renewable energy provided by Duke Energy, and private sector partners all working hand-in-hand to advance industry in the region." The Terre Haute Economic Development Corporation has worked with ENTEK officials on their exciting new project since October, 2022. As with nearly all projects of this scale (four primary structures totaling 1.6 million square feet), our work is only just beginning. We look forward to assisting ENTEK as construction commences in earnest over the coming weeks and months at the company's new 350 acres location in the Vigo County Industrial Park II. SIGNIFICANT UTILITY INFRASTRUCTURE UPGRADES IN THE WORKS TO SUPPORT NEW ENTEK PROJECT Driven by the enormous utility requirements of ENTEK's lithium-ion components project at full-build out, both Vigo County Industrial Parks will see significant upgrades that will not only meet the requirements of ENTEK, but will benefit future new projects and expansions going forward. The Vigo County Industrial Park I and II are served by great utility partners. From an electric power standpoint Duke Energy serves a large portion of the VCIP I and the entirety of the VCIP II. WIN Energy REMC serves a significant portion of the western end of the VCIP I. For both the VCIP I and II . . . natural gas is provided by CenterPoint Energy; potable/process water is provided by Indiana-American Water Corporation; sanitary Sewer by the City of Terre Haute and rail service is provided by CSX Transportation (via Vigo County Redevelopment Commission-owned rail). Finally, without question, JOINK has emerged as the both parks' preeminent fiber provider. ENTEK will be a very significant consumer of electric power, natural gas, process water and sanitary sewer. Extensive planning activities along with engineering design are currently underway by all of the utility companies who will be serving the ENTEK project. MANAGEMENT SERVICES AGREEMENT WITH THE CITY OF TERRE HAUTE DEPARTMENT OF REDEVELOPMENT CONCLUDES AFTER SUCCESSFUL EIGHT YEAR RUN A Management Services Agreement between the Terre Haute Economic Development Corporation and the City of Terre Haute Department of Redevelopment reached its end on February 29, 2024, following a successful eight year run. More specifically, the Agreement called for the President of the THEDC to also serve as the Executive Director of the Department of Redevelopment on a part-time basis. At its inception, it was envisioned that the Agreement would run a year or two at best, as an effort to save a bit of money for the Redevelopment Department as opposed to having a full-time director. The ever-decreasing Federal Community Development Block Grant (CDBG) and HOME monies from the U.S. Department of Housing and Urban Development (HUD) the funding backbone of the Department has necessitated a reduction in Redevelopment staff over the years. Over the past 20 years or so, the annual amount of CDBG and HOME formula dollars available to the Redevelopment Department has decreased by over $1 million dollars. On a brighter note, however, the funding situation has stabilized a bit, allowing the hiring of a new, full-time director, Jordan Marvel. Jordan began his new role on March 18, 2024. This writer has been fortunate to have been the Executive Director of the Department of Redevelopment in two separate stints full-time Director from 2000 2005 and part-time direc”