Latest news with #VermillionAdvantage
Yahoo
24-05-2025
- Business
- Yahoo
Vermillion Advantage launches Feasibility Study for Economic Development
Vermilion Advantage is partnering with TPMA to conduct a Feasibility Study (Study) for Economic Development which will review industrial redevelopment and community revitalization along the East Voorhees Street corridor in Danville, Illinois. The primary goal of the project is to develop a plan for this area that can attract economic growth and job creation, thereby laying a strong foundation for long-term prosperity. The study kicked off in May with a discovery phase that involved a comprehensive review of existing data, plans, and resources. Other key components of the project include a targeted industry and workforce analysis, along with a series of stakeholder engagement sessions. As community input is critical to the success of the Study, community members will have multiple opportunities to get involved in the process. 'We are honored to be working with Vermillion Advantage. We believe the Feasibility Study will play a pivotal role in evaluating the area's potential to be transformed into a dynamic business park, laying the groundwork for significant economic revitalization and potentially creating hundreds of new jobs in the Danville community. TPMA is prepared to assist the community in achieving these new and emerging economic goals,' said Teresa Nortillo, director of economic development at TPMA. 'Vermilion Advantage is excited about our partnership with TPMA. This is a critical first step in building a solid plan for the revitalization of East Danville. We start from this point by creating our new economy of the future,' said Mike Marron, president of Vermilion Advantage The final Feasibility Study is expected in November 2025.
Yahoo
24-05-2025
- Business
- Yahoo
Vermillion Advantage launches Feasibility Study for Economic Development
Vermilion Advantage is partnering with TPMA to conduct a Feasibility Study (Study) for Economic Development which will review industrial redevelopment and community revitalization along the East Voorhees Street corridor in Danville, Illinois. The primary goal of the project is to develop a plan for this area that can attract economic growth and job creation, thereby laying a strong foundation for long-term prosperity. The study kicked off in May with a discovery phase that involved a comprehensive review of existing data, plans, and resources. Other key components of the project include a targeted industry and workforce analysis, along with a series of stakeholder engagement sessions. As community input is critical to the success of the Study, community members will have multiple opportunities to get involved in the process. 'We are honored to be working with Vermillion Advantage. We believe the Feasibility Study will play a pivotal role in evaluating the area's potential to be transformed into a dynamic business park, laying the groundwork for significant economic revitalization and potentially creating hundreds of new jobs in the Danville community. TPMA is prepared to assist the community in achieving these new and emerging economic goals,' said Teresa Nortillo, director of economic development at TPMA. 'Vermilion Advantage is excited about our partnership with TPMA. This is a critical first step in building a solid plan for the revitalization of East Danville. We start from this point by creating our new economy of the future,' said Mike Marron, president of Vermilion Advantage The final Feasibility Study is expected in November 2025.
