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Toyota Adding 400 Jobs in Princeton

02-10-12
Rolando Trentini

Toyota Motor Manufacturing Indiana, Inc. (TMMI) announced plans today to expand its operations here, creating approximately 400 new jobs by 2013.

The company will invest $400 million total with $131 million going directly to its Princeton plant to consolidate its Highlander mid-size SUV production to this location, including both hybrid and export versions. Production is expected to begin in late-2013 with annual Highlander production volume expected to increase by approximately 50,000 units at TMMI.

“The Hoosier State has made great strides towards providing the best possible business climate in the nation and having a multi-national company like Toyota consolidate operations to Indiana and produce one of our state’s first hybrid vehicles is evidence to the success we’ve achieved,” said Governor Mitch Daniels.

Established in Gibson County in 1996, Toyota’s Princeton plant was the second recognized wholly-owned Toyota plant in North America. TMMI currently employs 4,800 associates, of which 4,000 are Hoosiers, and builds the Highlander, Sequoia full-size SUV and Sienna minivan at its Princeton facility. The hiring of new manufacturing associates will coincide with facility and machinery upgrades.

“This project allows for better utilization of the Indiana plant, and will help Toyota capitalize on the improving North American and global auto market,” said Steve St. Angelo, executive vice president of Toyota Motor Engineering & Manufacturing North America, Inc. “In addition to new jobs at the Indiana plant, this project will increase opportunities and jobs for our North American supply base.”

The Indiana Economic Development Corporation offered Toyota Motor Manufacturing Indiana, Inc. up to $2.7 million in conditional tax credits and up to $200,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Gibson County will consider additional incentives at the request of the Gibson County Economic Development Corporation.

“Toyota has been an integral part of the Princeton community, not only with the employment of our residents but also with the infusion of millions of dollars into the local community,” said Princeton Mayor Robert Hurst. “The company’s charitable donations have also been significant with more than $13 million given to local charities and schools and for that we are very grateful.”

Source: http://www.insideindianabusiness.com/newsitem.asp?ID=52117

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Staging to Sell Your Evansville Home - A Listing Agent's Contribution

02-08-12
Rolando Trentini

While most sales people don’t hold a degree in psychology that science winds up playing a major role in the sales process. Most highly experienced listing agents not only understand this -- they use it to Evansville sellers’ advantage.

According to a 2010 study by Avid Ratings published in the Los Angeles Times, typical home buyers have a simple hierarchy of preferences: they want it all. Even when pressed to name what they are willing to do without, the typical homebuyer’s long list of “must haves” remains pretty much untouched.

What they are not willing to compromise on are home offices, walking paths, children’s playgrounds and large kitchens. Large rooms, in fact, sell homes.

Even if your house is full of small rooms, your listing agent can help them appear larger by hiring a home “stager”. Stagers are professional dream makers. Savvy about what today’s homebuyer is looking for, stagers use their designer skills to transform homes from “Can you show us the next house on the list?” to “Stop! I want this house!”

Homebuyers also want a home that’s in turnkey condition. In fact, a study performed by the Maritz marketing research firm found that 63% of the homebuyers polled said they are willing to pay more for a home they perceive to be “move-in ready”. And it’s a properly staged home that is more likely to help buyers get that “move right in” feeling.

Listing agents who provide home staging for their clients understand that a staged home sells faster and for a higher sales price. Some studies show that spending just $550 on home staging nets the seller almost $2,000 more at the close of escrow.

Call me if you are interested to find out more about the home staging service we provide. You can reach me by phone at 812-499-9234 or email: Rolando@RolandoTrentini.com

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Foreclosure Listings: What You Should Know

02-02-12
Rolando Trentini
The bedrock of the residential real estate industry is the American Dream of owning your own home. But the current market has seen a rise in another facet of the industry: the ‘strictly business’ opportunity created by the rise in Evansville and Newburgh foreclosure listings. Everyone from first time buyers to seasoned investors are newly aware that housing market conditions warrant a serious look at the unusual bargains that are opening up.
The appeal is understandable due to some commonsense consequences caused by the mortgage meltdown (and the headlines that followed). When banks come into possession offoreclosed properties they find themselves in an unenviable position. Incented to sell them as soon as they can, they aren’t free to wait until the market rises to meet historic price levels. As a result, mounting numbers of those foreclosure listings are carrying price tags that are a fraction of their original market price.
For homeowners who see a second home as a path to create a passive rental income stream, foreclosure listings comprise tempting investment vehicles. And for first time homebuyers, the information in the same foreclosure listings can mean nothing less than a foot in the door of homeownership.
In both cases, the first step to buying a bank-owned property comes with finding reliableforeclosure listings. Looking for a trustworthy source means finding one that features up-to-date and accurate information. Too many dedicated “foreclosure” websites offer endlessly duplicated, incorrect, or woefully outdated information. Relying on them can send would-be buyers on a frustrating series of time-eating wild goose chases that end up locating houses that have already been sold.
One way to test a source of foreclosure listings is to take advantage of free trial subscriptions where they are offered. It’s a money-saving way to determine whether a foreclosure source can be trusted to include attractive properties listed soon after they come on the market. The good news is that the online field is developing rapidly -- so much so that it may even be possible for you or your agent to inquire (or even begin negotiations with the bank) through the Internet.
In any case, the opportunities that foreclosure listings represent also carry special characteristics that canny buyers need to take into account. Home inspection rules are one example. Banks are under no obligation to disclose information about a property’s flaws in the same way that regular homeowners must, so it’s imperative to make a physical investigation of a foreclosure listing before proceeding further.
If you are curious about your chances of finding a great deal in the foreclosure market, I will be happy to send you theforeclosure listings as well to help you identify any and all that may fit your goals. You can reach me at 812-499-9234 or by email Rolando@RolandoTrentini.com
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Should It Be a New or Pre-Owned Home?

01-31-12
Rolando Trentini
January’s typical Evansville homebuyer assumes that buying a pre-owned residence saves money. Period. And in fact, most often that is true. Buyers rightly expect that pre-owned houses are more affordable than comparable new homes for sale. But what about the buyer who can qualify for a slightly higher mortgage? Would it be a better idea for them to also consider new homes for sale rather than to simply fixate on the immediate cash savings that go along with buying an older property?
The fact is, there are both benefits and drawbacks that deserve looking at no matter which choice you wind up making.
One practical advantage to buying new homes for saleis that you know that you and your family will be living in a house built to conform to the latest standards in materials and construction. Evansville building codes are continually adopting advances in energy efficiency and materials sustainability. They automatically reflect the community’s experience with construction techniques: what works and what doesn’t; what lasts longest; what’s safe. With contractors and inspectors both working the insure that new homes for sale are built to code; the result is an extra dose of peace of mind when it comes to the durability you can expect in a new home.
Another advantage to buying a newly built house is the pleasure and convenience of living in a home with brand new features. No time-consuming and costly remodeling will be needed to obtain the extra pride of ownership that go with a sparkling new kitchen and bathrooms boasting the latest fixtures. And it’s often the case that newly-built homes for sale better reflect today’s lifestyle patterns. Twenty-first century floor plans apportion space in ways that agree with most people’s living preferences, so new homes for sale in today’s market are more likely to accommodate modern entertainment systems (just as they frequently leave less space for gigantic dining room tables).
In contrast, one disadvantage to purchasing some of the new homes for sale can be a tradeoff in lot size. Though not always the case, older developments sometimes reflect an earlier era which accommodated smaller populations featuring less crowded landscapes.
Of course it’s your budget that will largely determine which combination of neighborhood and new or pre-owned home that will make the best fit for you and your family. The wisdom of planning carefully before investing hard-earned money in any property goes without saying. Since you are looking forward to many years of occupancy in either a pre-existing or new home for sale, I hope you will contact me for a consultation. I know the area and can help you sort out the choices that are available right now. You can call me at 812-499-9234 or you can email me at Rolando@RolandoTrentini.com
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Evansville Group Touts 2011 Impact

01-30-12
Rolando Trentini

The Growth Alliance for Greater Evansville is reporting what it describes as a record 2011. The organization says it helped 10 companies with their decisions to locate or expand in the Evansville area. GAGE also says it has helped secure commitments for nearly 1,000 jobs over the next five years.

he Growth Alliance for Greater Evansville (GAGE) released today, its 2011 Annual Report to the Community.

The Growth Alliance began 2011 with new areas of strategic focus, a reallocation of resources, and specific performance objectives. GAGE focused on their mission of bringing jobs and revenue growth to Evansville and Vanderburgh County and met or exceeded those objectives by focusing on attraction, retention, and expansion of businesses that can drive long-term sustainable economic growth; as well as on new business incubation and technology commercialization.

In addition to the economic and community development accomplishments outlined in the Annual Report, GAGE developed a Business Licensing and Permitting Guide and a variety of promotional materials used to attract and retain businesses and workers in Evansville and Vanderburgh County. New this year, the Growth Alliance implemented economic impact modeling to accurately evaluate projects. GAGE also conducted multiple entrepreneur workshops and obtained Shovel Ready Certification for another local property.

GAGE President Debbie Dewey says, “We look forward to more success in 2012. We will continue to drive a City Branding effort, operate as the One Stop Resource for Business in Greater Evansville, and participate in establishing a technology corridor vision for the region.”

The Growth Alliance would like to send a special thanks to their volunteer Board Members, investors and sponsors, and partnering organizations for making their efforts possible.

A downloadable version of the 2011 GAGE Annual Report is available on the GAGE website, www.evansvillegage.com.

The Growth Alliance for Greater Evansville is a non-for-profit 501c(3) that was created in early 2007 because government and business representatives were searching for a comprehensive focused approach for economic development. The Growth Alliance provides support for strategic programs that enhance the overall economic vitality of the area.

Mission: to drive and support economic development activities for the City of Evansville and Vanderburgh County, Indiana aimed at: attracting and creating new jobs and new revenue dollars, retaining existing jobs and revenue dollars, effectively allocating available resources and recognizing the priorities of basic industries in driving sustainable growth.

• GAGE assisted 10 companies with their decision to locate or expand in the City of Evansville or Vanderburgh County in 2011: Sugar Steel, Mead Johnson & Company, SS&C Technologies, Rotary Corporation, Windstream Technologies, Berry Plastics Corporation, Global Blade Technology, Vantage Oncology, Heartland Pump, Uniseal, Inc.

• Number of jobs GAGE will have added to Evansville/Vanderburgh County over the next five years: 973

• The 5 year Economic Impact of the new jobs added in Evansville/Vanderburgh County: $967.4 Million (source: Economic Impact Model)

• Innovation Pointe, the high-tech business incubator managed by the Growth Alliance for Greater Evansville is 83% occupied.

• The Growth Alliance engaged six (6) regional businesses in activities to explore federal lab resources that may be a benefit to their products or processes. As a result, to date, one new product idea and a joint technology development effort is being evaluated.

• GAGE assisted twenty-eight (28) businesses through the Downtown Design process.

• A walking map of Downtown Evansville is complete and available on the GAGE website, www.evansvillegage.com

• The Business Licensing and Brochure Guide created by GAGE is available on the GAGE website, http://www.evansvillegage.com/gage-reports/

• The Growth Alliance obtained Shovel Ready Certification for another local property.


Source: Growth Alliance for Greater Evansville http://://www.insideindianabusiness.com/newsitem.asp?ID=51881

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