Indiana Michigan Power Economic Impact Grant Supports Downtown Yorktown

An aerial view of downtown Yorktown, IN. Photo courtesy of the Town of Yorktown.An aerial view of downtown Yorktown, IN. Photo courtesy of the Town of Yorktown.

By: Tracy Warner, Indiana Michigan Power—

Yorktown, IN – Indiana Michigan Power is helping Yorktown create a more vibrant, flourishing downtown with a grant supporting Destination Downtown Yorktown, the exciting redevelopment plan aimed at increasing business and residential opportunities in the Delaware County town.

An I&M grant program aimed at helping customers in our service territory by boosting local economies will help Yorktown properly plan for creating an attractive social and economic downtown hub to help bring a greater sense of community. Plans for Destination Downtown include a new public park connecting downtown with Morrow’s Meadow, and I&M’s grant supports the overall planning of public gathering spaces.

Planning is vital for the success of the redevelopment plan, which is designed to increase business and residential opportunities in downtown Yorktown along with connecting recreational space. Key goals for the plan include more jobs, specifically in the tech industry, and providing additional residential opportunities to attract workers who prefer living within walking distance of their job.

“As the hometown energy provider in Yorktown, Muncie and much of the surrounding area, I&M values being a solid corporate citizen and wants to see our Hoosier communities thrive,” said Toby Thomas, I&M President and Chief Operating Officer. “In addition to Building the Future with better technology and serving customers in the ways they want to be served, I&M supports strategic programs to help the economies of our communities grow.”

I&M created the Economic Impact Grant program as part of the company’s Building the Future plan approved in 2018 by the Indiana Utility Regulatory Commission. I&M worked with several Hoosier cities and other customer groups to create the grant program to support catalytic economic development projects in the Hoosier communities we serve. I&M has awarded more than $130,000 in Economic Development Grants in 2018 and will grant more than $100,000 in 2019.

For more information about I&M’s support for the economies of the communities it serves in both Indiana and Michigan, go to


Indiana Michigan Power (I&M) is headquartered in Fort Wayne, and its 2,450 employees serve more than 593,900 customers. More than half of its generation is emission-free, including 2,278 MW of nuclear generation in Michigan, 450 MW of purchased wind generation from Indiana, 22 MW of hydro generation in both states and approximately 15 MW of large-scale solar generation in both states. The company’s generation portfolio also includes 2,600 MW of coal-fueled generation in Indiana.