4 new small businesses highlight surge of growth in Madison, Indiana | Business

Madison, Ind. (WDRB) — Several new businesses are opening in Madison, including four that opened in September in the downtown historic district.

“This month’s four businesses have been added to about 15 last year alone,” said Madison Mayor Bob Courtney.

Lynn Pennington, who has lived her entire life in Jefferson County, Indiana, said the time has finally come to become a first-time business owner in her community.

Pennington’s store — Pennilane Antiques — is full of nostalgia.

“We’ve been buying and selling antiques for the last eight or nine years and we’ve been building antique malls,” Pennington said. “And we just decided, ‘Hey, let’s bite the bullet and buy a building, redo it and go from there.’

Signs, boxes, broken glass and candies line the Main Street building which Pennington said had been vacant for more than two decades before moving in.

“It took two years of preparation,” he said. “We bought the building – it had been vacant for 26 years – and brought the whole building back to life.”

Just down the street, another new business – The Pearl Plate – is bringing new options for kitchen necessities and keeping the cash in Madison.

“I’ve always wanted to have a business in downtown Madison. I’m from Madison,” said Tyler Mingione, owner of The Pearl Plate. “I named The Pearl Plate after my grandmother. Her birthstone is with a pearl, which also adds extra meaning to her.”

Courtney said he thinks local businesses will attract tourists and people wanting to live in Madison.

“We’re literally mobilizing hundreds of millions of dollars in new investments that benefit Madison’s economy, improve our quality of life and, in essence, make it the regional destination we’ve always known,” he said.

Next to Pennilane Antiques is a new store called The Grime Scene. It brings natural cleaning products, towels and household items to downtown Madison. And also on Main Street, Alison Waverly Designs markets new, vintage and mixed jewelry to local shoppers.

This September is just a small part of Madison’s recent growth. It’s not just downtown that’s growing. Madison’s Hilltop area also hosts a mall with national retailers like Hobby Lobby and TJ Maxx, more to be announced soon.

Courtney called Madison a regional destination with even more growth going on.

“We’ve worked very hard over the last three years to make sure we’ve put ourselves in this position to attract investment, and that’s been key to all of our growth here,” Courtney said. “It’s very exciting. We can show all of Madison’s best.”

Pennington said business has been wonderful so far and there isn’t a place where he’s settled instead.

“Everything about Madison is just family,” he said. “Even small businesses here, everyone works together. Even if it’s your competitor, we always work together.”

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