City of Madison Economic Development

What City of Madison Economic Development does

The City of Madison Economic Development is a department within the City of Madison, Indiana — a municipal government entity founded in 1812 and located on the Ohio River in Jefferson County. The Economic and Redevelopment department leads initiatives including the Main Street Re-envisioning Project, downtown revitalization, the Madison on the Move multi-project capital program, and partnerships with developers for grocery, hospitality, and housing projects. The broader city government serves approximately 11,400 residents across public safety, utilities, parks and recreation, planning, and historic preservation functions, operating under a mayor-council form of government with Mayor Bob Courtney and a 7-member City Council.

The city runs a citizen services platform built on the CORE Business Technologies eGov system, accessible via madison-in.gov. Modules include Online Bill Pay (utilities, taxes), City Code (American Legal library), Agendas & Minutes, Action Center (service requests, ADA accommodations, fire safety education), Staff Directory, Document Center, Events Calendar, Locations & Facilities, and a Permits & Applications portal (ViewPoint Cloud). The platform is a standard platform-plus-modules municipal CMS with no documented APIs, mobile apps, or AI integrations. The city maintains department-specific social media presence across Facebook, Instagram, and YouTube.

The operating model is funded by property and income taxes, recurring utility fees (water, sewage, trash, TSO), permits and licensing, and capital grants from federal, state, and foundation sources. Recent capital inflows include a $50 million READI regional development grant, $2.57 million for Crystal Beach Aquatic Park, and $5,000 from Duke Energy. The annual operating budget approved for 2022 was $13.1 million. Customer segments are residents, local businesses and developers, visitors and tourists, and community volunteers serving on 17 boards and commissions.

Name

City of Madison Economic Development

Legal name

City of Madison, Indiana

Website

https://madison-in.gov

Company type

Private

Founded year

1809

Operating status

Operating

Headcount range

11–50 employees

Short description

The City of Madison Economic Development is the municipal economic and redevelopment department of Madison, Indiana, serving residents, local businesses, and developers through downtown revitalization, historic preservation, infrastructure projects, and public-private partnerships funded by taxes, grants, and utility fees.

Ownership category

akta.pro rank

Product category

Municipal Economic Development Services

NAICS

Administration of Housing Programs, Urban Planning, and Community Development (925), Administration of Housing Programs, Urban Planning, and Community Development (9251), Administration of Urban Planning and Community and Rural Development (92512), Administration of Urban Planning and Community and Rural Development (925120), Administration of Environmental Quality Programs (9241)

SIC

Services-To Dwellings & Other Buildings (7340), Services-Facilities Support Management Services (8744), Water Supply (4941), Sanitary Services (4950)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

akta.pro secondary industries

Public Works & Municipal Infrastructure (Streets, Stormwater, Facilities) (BPAIACAF), Parks, Recreation & Cultural Services (BPAIACAI), State/Provincial Housing, Urban/Regional Planning & Community Development (BPAIABAM), Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives) (BPAIANAE), Solid Waste & Recycling Services Administration (BPAIACAH)

Keywords

• Municipal economic development
• Government services
• Downtown revitalization
• Historic preservation
• Community redevelopment

Headquarters

HQ city

Madison

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others, Marketing or Sales, Technology or R&D

Revenue model

1. Tax Revenue: Property taxes, income taxes, and other municipal tax revenues that fund city operations and economic development initiatives
2. Grants and Federal/State Funding: Significant grant funding including $2 million from Bethany Legacy Foundation for Crystal Beach Aquatic Park, $570,000 from Jefferson County, $50 million READI grant, and $2.57 million for aquatic facility rehabilitation
3. Utility Services Revenue: Water, sewage, and sanitation service fees collected from residents and businesses
4. Permits and Licensing Fees: Building permits, code enforcement fees, business licenses, and other regulatory fees
5. Property Sale Proceeds: Sale of city-owned properties such as the Ruler building to developers for $525,000 as part of economic development initiatives

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

The City of Madison Economic Development department delivers municipal economic development services for Madison, Indiana, including business incentives, site selection assistance, permitting, downtown revitalization (Main Street Re-envisioning), housing development, and grant-funded infrastructure projects such as the Crystal Beach Aquatic Park. Core day-to-day municipal services include water and sewage utilities, trash collection, parks and recreation facilities, public safety, building permits, and historic preservation oversight administered through the city's eGov citizen services platform.

Product overview

City of Madison, Indiana operates a citizen services portal providing a unified platform of interconnected modules. The core offering consists of Online Bill Pay for utility and tax payments, a City Code legal repository, an Action Center for ADA requests and service requests, a Staff Directory, Document Center for public records, an Events Calendar for meetings and activities, and a Locations/Facilities directory. The Madison on the Move initiative aggregates city project information. All services are built on a CORE Business Technologies eGov platform and are accessible through the madison-in.gov website. The architecture is platform-plus-modules, with each service functioning as a discrete module while sharing common infrastructure for authentication, forms, and document management.

Differentiator

Problem solved

Functional benefit

Products and services

• Utility Services
• Building Permits and Code Enforcement
• Economic Development Incentives and Redevelopment Programs
• Crystal Beach Aquatic Park
• Sunrise Golf Course
• Riverview Campground
• Madison Regional Airport
• Senior Center
• Public Safety Services (Police and Fire)
• Historic Preservation Services

Quantifiable outcome

• Madison won AIM Award for Main Street Re-envision Project for community placemaking
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and major.

• Rafferty Development LLCcoreStrategic or Co-development Partner · 6 June 2023Partnership to develop a DG Market (Dollar General Market) at 120 East Second Street in the historic downtown district. Rafferty Development purchased the property for $525,000 and is responsible for exterior construction per city renderings with public arts incorporation. City contributed $350,000 towards site improvements. Rafferty has developed over 150 Dollar Generals and a dozen DG Markets.
• Community Foundation of Madison and Jefferson CountymajorStrategic or Co-development Partner · 7 February 2023Partnering with Bethany Legacy Foundation and City of Madison to administer grant funds supporting access to the aquatic park by low-income families.
• Regional Development Authority (RDA)coreStrategic or Co-development Partner · 1 January 2022Our Southern Indiana RDA includes City of Madison and Jefferson County, working together to secure the $50 million READI grant for regional economic development and growth initiatives.

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• City of Indianapolis – Office of Economic Development: Indianapolis's municipal economic development office. Most directly comparable as a city-government function performing site selection, incentives, redevelopment, and grants administration in Indiana, just at significantly larger scale.
• City of Columbus, Indiana Economic Development: Another Indiana small-city economic development department. Comparable as a similarly sized Hoosier city pursuing design-led redevelopment, incentive programs, and downtown revitalization, often considered a peer for benchmarking Madison's results.
• City of Jeffersonville, Indiana – Department of Planning & Zoning / Economic Development: Nearby Indiana riverfront city (also Jefferson County region / Louisville metro) running comparable economic development, redevelopment commission, and historic-preservation programs. Same regional competitive set as Madison.
• City of Bloomington, Indiana – Economic & Sustainable Development: Another Indiana municipal economic development department at small-city scale, running incentive programs, redevelopment, and small-business support. Comparable peer for program design and grant-funded project delivery.

Broad incumbents

• Indiana Economic Development Corporation (IEDC): State-level economic development authority that administers the READI program and other competitive grants that Madison depends on. Comparable because it sets the incentive framework and competes with/feeds municipal ED offices.
• Indiana Main Street (Indiana Office of Community & Rural Affairs): Statewide Main Street program that supports traditional downtown revitalization efforts like Madison's Main Street Re-Envisioning project. Provides the program framework and funding that Madison's historic-district work sits within.

Regional players

• One Southern Indiana (1SI) Regional Chamber: Regional chamber and economic development organization serving southern Indiana counties including Jefferson County. Operates adjacent to municipal ED functions and partners on regional initiatives like READI.
• Greater Louisville Inc. (GLI): Louisville metro's regional economic development organization. Comparable in function (business attraction, retention, workforce) but operates across the river and a much larger geography, representing the primary competitive draw for talent and capital in Madison's market.

Others

• CORE Business Technologies: Vendor that built and operates Madison's eGov platform (online bill pay, action center, document center, events). Adjacent tech provider whose product powers Madison's citizen-services experience and could be benchmarked against similar small-city deployments.
• Accelerate Indiana Municipalities (Aim): Indiana municipal league that awarded Madison its Main Street Re-Envision placemaking award. Adjacent enabling organization that convenes and advocates for Indiana cities including Madison and provides peer benchmarking and training.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCYL0pZr6At4uGjuUGGcNr6Q
• Facebookfacebook.com/cityofmadisonIN
• Instagraminstagram.com/cityofmadisonin
• LinkedInlinkedin.com/company/city-of-madison-indiana

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about City of Madison Economic Development