Purchase of ex-Colgate plant expected to create thousands of jobs

Posted by Amy Kelch - email

CLARKSVILLE, IN (WAVE) - The old Colgate clock, a staple of Indiana's riverfront skyline, will stay.

On January 20, Clarksville town leaders announced that a Boston development group purchased the 60 acre plot that once housed the Colgate toothpaste plant. This deal between town directors and the Midwest Center for Foreign Investment comes after three years of work.

"This will have a regional impact," said Katherine Johnson, of MCFI, "not only on the town of Clarksville and the entire community, but on Louisville, New Albany and Jeffersonville."

MCFI is looking for 200 to 300 additional foreign investors and is working with an immigration investment program to make it happen. MCFI expects 2,000 to 3,000 jobs to be created from this deal, ranging from the service sector to professional positions.

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