Tuesday, April 20, 2010

Improvements in Transportation Position Owensboro Well for Growth in Logistics

Recent improvements and opportunities in the regional transportation network position Owensboro for future growth in the logistics sector, according to a new report released today by the Greater Owensboro Economic Development Corporation, the Owensboro Riverport Authority and the Owensboro-Daviess County Regional Airport. The three organizations are teaming up to focus efforts on attracting companies from the logistics industry to locate in Owensboro.

Greater Owensboro is linked to the national transportation network through two limited access highways, the Natcher and Audubon Parkways, which provide easy access to nearby I-64 to the north and in the south to I-65 and I-24. Newly planned I-66 and I-69 corridors are 30 minutes to the west and south. Additionally, US 231, US 431, and US 60 provide excellent highway access to the region.

Interstate 69 will intersect the Audubon Parkway between Owensboro and Henderson at approximately the three-mile marker. The Interstate will connect Canada to Mexico and will cross the Ohio River within 30 miles of the Owensboro Riverport Authority and the Owensboro Daviess County Regional Airport.
The I-64/ I-65 connector, currently under construction and set for completion in 2014, provides a four lane limited access north-south expressway connection via the Natcher Bridge to I-64 in 30 miles north in Indiana and I-65, located 50 miles to the south. Owensboro is the largest city and is located near the midpoint along the connector.

Other logsitics assets include the following:

Geographic Center- Greater Owensboro is located 75 miles from the median center of the U.S. population (the point where latitude and longitude lines intersect, and the population is the same on all sides) resulting in lower transportation costs.

River- Owensboro Riverport Authority with Foreign Trade Zone status, custom port of entry, 100 card rail loop, ample warehousing space and inventory/ logistics capabilities;

Rail- CSX mail north-south line;

Air- Owensboro-Daviess County Regional Airport, 8,000 foot runway, 300 acres for expansion;

Workforce- Recognized by Expansion Management as top ranked workforce in logistics and distribution
Logistics and advanced manufacturing training programs at Owensboro Community and Technical College;

Center for Commerce- The region is located within 600 miles of 41% of personal income, 53% of manufacturing employment, and 41% of retail sales in the country.

Click here to read the full report.

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