Lance Allison, President and CEO of 1si
NEW ALBANY, IN. – November 6, 2026, One Southern Indiana (1si) celebrated a major economic development milestone alongside community partners, investors, and regional leaders on Wednesday, November 4, recognizing more than $5 billion in new capital investment in Southern Indiana since 2006.
Over the past 20 years, we’ve worked alongside our investors and community partners to help attract investment, create jobs, and strengthen the economic future of Southern Indiana. Reaching $5 billion is a reflection of what can happen when our business community works together and believes in the potential of this region.
Since July 2006, 1si has announced 244 projects including 78 new business attraction projects and 166 expansion projects. Together, those projects represent more than $5 billion in capital investment and 23,304 direct new jobs across Clark, Floyd, and Scott counties.
These projects have generated an estimated $551 million in annual tax revenue at the local, state, and federal levels and nearly $2.8 billion in annual contributions to the state’s gross domestic product.
“Economic development isn’t just about buildings, property, or capital expenditures,” said Lance Allison, President and CEO of 1si. “It’s about people. It’s about opportunity. It’s about creating a region where businesses can grow, people can build careers, and families can build their futures. And it’s about what we can accomplish when we work together.”
The celebration also featured remarks from regional partners who have played a role in Southern Indiana’s economic development. Rich Boling, Senior Vice President of Corporate Advancement at Redwire, Doug Caylor, Business Development Director at Ports of Indiana, and Joshua Johnson, HR Generalist at Conco, Inc., shared perspectives on the region’s business and industry growth. 1si Board Chair Dr. Travis Haire offered a celebratory toast recognizing the milestone and expressing excitement for what lies ahead for Southern Indiana.
“Having been a part of economic development in Southern Indiana for over thirty years, I’ve had the opportunity to see firsthand how much this region has grown and changed,” said Matt Hall, Interim Chief Economic Development Officer of 1si. “Reaching $5 billion in new capital investment reflects the businesses that have chosen to invest here, the employers who continue to grow, and the partnerships that have helped make that progress possible. It’s exciting to see how far we’ve come and to think of the opportunities still ahead for our region.”
The region’s economic momentum has also earned national attention. For the fourth year in a row, Site Selection magazine recently named the Louisville metro area the number one metro along the Ohio River for economic development, further highlighting the strength and continued growth of the regional economy.
As Southern Indiana looks ahead, 1si remains focused on attracting new businesses, supporting existing employers, and creating opportunities that strengthen the region’s economy for years to come.
About One Southern Indiana
One Southern Indiana (1si) was formed in July of 2006 as the economic development organization and chamber of commerce serving Clark, Floyd, and Scott counties. 1si’s mission is to help businesses innovate and thrive in the southern Indiana / Louisville metro area via the four pillars of Business Resources, Economic Development, Advocacy, and Small Business Services. For more information on One Southern Indiana, visit www.1si.org.
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