Hancock Economic Development Council

What Hancock Economic Development Council does

Hancock Economic Development Council (HEDC) is a private, non-profit economic development organization founded to promote business attraction, retention, and expansion in Hancock County, Indiana. Headquartered in Greenfield with a staff of 1-10, the organization is led by Executive Director Randy Sorrell and operates as the county's designated point of contact for site selectors, corporate decision-makers, and existing businesses evaluating or expanding within the Indianapolis metro. Its functional scope spans business attraction and retention, workforce development, incentive negotiation, site selection assistance, and quality-of-place programming — services delivered free to prospects, with the organization sustained through a membership model alongside grants from partners such as Duke Energy Foundation and Wabash Valley Power Alliance.

HEDC's core product surface is service-based rather than technology-based. Its primary digital offering is an interactive Property Search & Analysis tool cataloguing 8M+ square feet of available industrial space and 6,600+ acres of development-ready land, alongside workforce data and county profile information. Sub-products include the Hancock on the Horizon podcast, a Universal Report Maker for custom report generation, and — opening July 2026 — the Amplify Hancock Innovation Center, a 100,000-square-foot workforce training facility to which HEDC committed $250,000. The organization maintains active engagement with industry channels including the Site Selectors Guild and the Indiana Economic Development Corporation (IEDC).

HEDC's go-to-market is sales-led and relationship-driven, targeting enterprise site selectors and corporate decision-makers through direct outreach, industry conferences, property tours, and partnership marketing. Target verticals are Advanced Manufacturing, Agri-business, Life Sciences, Logistics & Transportation, and Technology. Member businesses span a diversified tenant base — Walmart, Amazon, West Pharmaceutical Services, Hancock Health, Yamaha Marine Precision Propellers, Labcorp, and Transport Enterprise Leasing — reflecting a deliberately broad industry strategy rather than concentration in any single sector. The organization derives no app revenue, holds no patents, and operates with no disclosed funding rounds beyond a $2,500 Duke Energy contribution in 2022.

Name

Hancock Economic Development Council

Legal name

Hancock County Indiana Economic Development Council

Website

https://hancockedc.com

Company type

Private

Founded year

1828

Operating status

Operating

Headcount range

1–10 employees

Short description

Hancock Economic Development Council (HEDC) is a non-profit economic development organization serving Hancock County, Indiana. It provides business attraction, retention, site selection, workforce development, and incentive services to companies and site selectors targeting the Indianapolis metro region.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Administration of Urban Planning and Community and Rural Development (925120), Administration of Housing Programs, Urban Planning, and Community Development (9251), Professional Organizations (81392)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

akta.pro secondary industries

State/Provincial Labor, Employment Standards & Workforce Development Administration (BPAIABAN), Incumbent Worker Training & Upskilling (EDAAAOAE)

Keywords

• Economic development services
• Business attraction consulting
• Site selection assistance
• Workforce development programs
• Incentive facilitation services

Headquarters

HQ city

Greenfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Others

Revenue model

1. Membership fees: The organization operates with a membership model where businesses and organizations join the HEDC to support economic development efforts and gain access to networking, resources, and business development opportunities.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Hancock Economic Development Council (HEDC) is a non-profit economic development organization that provides business attraction, retention, and expansion services for Hancock County, Indiana. Its offerings include site selection assistance, property search and analysis tools, workforce development coordination, incentive negotiation, and quality-of-place initiatives for companies seeking to locate or expand in the county. The organization operates a membership model supported by local businesses, utilities, and government partners.

Product overview

Hancock Economic Development Council (HEDC) operates as a single unified service organization rather than a technology product company. Its core offering is economic development advisory services for Hancock County, Indiana, encompassing business attraction, workforce development, site selection, and community planning. The organization provides an interactive Property Search & Analysis tool for industrial site selection, supports the Amplify Hancock Innovation Center workforce training facility, and produces the Hancock on the Horizon Podcast for community education. Additional offerings include a Universal Report Maker tool for generating custom data reports from website content. HEDC functions as a membership-based economic development organization with partnerships across government, business, and community stakeholders.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Search & Analysis Interactive property search tool that enables businesses and site selectors to find industrial sites, available buildings, and development-ready land in Hancock County, including over 6.6 million square feet of existing industrial space and three development-ready sites over 228 acres.
• Economic Development Advisory Services Comprehensive economic development advisory services covering business attraction, retention and expansion, workforce development coordination, site selection assistance, incentive facilitation, and quality of place initiatives for companies seeking to locate, expand, or start operations in Hancock County, Indiana.
• Amplify Hancock Innovation Center A 100,000-square-foot workforce training and education facility providing career and technical education for high school students, adult learners, and employers, featuring programs in radiology, aviation, welding, and career development. HEDC committed $250,000 to the center.
• Hancock on the Horizon Podcast Educational podcast series covering economic development topics, workforce preparation, community stories, and business news relevant to Hancock County, featuring interviews with business leaders and community stakeholders.
• Universal Report Maker Custom report generation tool that allows users to extract data from the HEDC website and compile personalized reports for resource documentation and site selection analysis.

Quantifiable outcome

• 2.4% population growth rate (2025), second fastest growing county in Indiana for third consecutive year
• +4 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

19 partnerships are on record, tiered core and supporting.

• Zurbuch Construction ConsultingcoreStrategic or Co-development Partner · 23 April 2026Owner's representation and construction consulting firm founded in 2003; provides program management, project management, site inspection, and development program oversight. Has served on Hancock County Redevelopment Commission.
• Messer Construction Co.coreStrategic or Co-development Partner · 17 February 2026Construction manager and general contractor founded in 1932; serves Aviation, Healthcare, Manufacturing, and Science & Technology sectors; General Contractor for Gateway Hancock Health medical office building.
• Business Furniture + CosupportingStrategic or Co-development Partner · 13 March 2024100% woman-owned business enterprise founded in 1922; creates workplace spaces; offices in Indianapolis, Fishers, and Dayton.
• MIBOR REALTOR AssociationcoreStrategic or Co-development PartnerProfessional association representing central Indiana REALTORS; provides representation on HEDC Board through Hart Summeier of Level Up Real Estate Group. Housing is critical component of economic development making MIBOR an invaluable partner.
• Hancock County TourismcoreStrategic or Co-development PartnerTourism organization for Hancock County; collaborated on quality of life initiatives that make communities an incredible place to live.
• NineStar ConnectcoreTechnology or IntegrationLocal co-op providing power and broadband services; developing new downtown in McCordsville; hosting events at their facility for AgriNovus Indiana programs.
• Community Foundation of Hancock CountycoreStrategic or Co-development PartnerHighly engaged in quality of place initiatives through grant-making and programming; jointly worked with HEDC to draft Quality of Place Plan.
• Indiana Economic Development Corporation (IEDC)coreStrategic or Co-development PartnerState-level economic development organization partnering on business attraction, workforce initiatives, and incentive programs for Hancock County.
• Indiana Business Research Center at IU Kelley School of BusinesssupportingStrategic or Co-development PartnerProvides population data, economic research, and analysis that HEDC uses to demonstrate county growth and market potential.
• Purdue UniversitysupportingStrategic or Co-development PartnerProduces graduates in agriculture, engineering, and bioscience fields. Purdue's Agriculture and Biological Engineering program ranks first nationally, creating talent pipeline for agri-business employers.
• Ivy Tech Community CollegesupportingStrategic or Co-development PartnerRegional college offering targeted training programs aligned with employer needs; provides career education at Amplify Hancock Innovation Center.
• Hancock County GovernmentcoreStrategic or Co-development PartnerCounty government including Board of Commissioners; supports economic development through incentives, infrastructure, and planning initiatives.
• HWC EngineeringsupportingImplementation/ SI/ Consulting PartnerConsulting firm that worked with HEDC and Community Foundation to draft the Quality of Place Plan.
• AgriNovus IndianasupportingStrategic or Co-development PartnerState-level agri-business development organization hosting Velocity Accelerator events in Greenfield for agriculture, food, and bioinnovation entrepreneurs.
• Site Selectors GuildcoreChannel Partner/ Reseller/ DistributorProfessional association of site selection consultants; HEDC participates in Guild events to market Hancock County to location strategy experts.
• At Ease OrchardsupportingStrategic or Co-development PartnerAgricultural non-profit announcing 'Next Acre' free business accelerator program for veteran and rural-owned agricultural entrepreneurs, serving seven-state region including Indiana.
• Runnebohm ConstructioncoreChannel Partner/ Reseller/ DistributorHEDC Board member company (President Chris King); represented HEDC at IEDA conferences; provided expertise on data center development projects.
• Rural Strategies GroupcoreStrategic or Co-development PartnerCommunications and public affairs firm; HEDC member; specializes in helping organizations engage with rural communities on public policy, PR, and media relations.
• Golden Shovel AgencysupportingTechnology or IntegrationWebsite development partner providing the economic development website platform.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Indy Chamber: Indianapolis metro chamber and economic development organization serving the central Indiana region that includes Hancock County. Most direct comparable as a neighboring local EDC pursuing business attraction, workforce, and quality-of-place initiatives in the same competitive set.
• Hamilton County Economic Development Corporation: County-level EDC serving Hamilton County, Indiana, immediately adjacent to Hancock County along the Indianapolis northern suburbs. Direct competitor for site-selection deals, workforce programs, and corporate relocations in the same I-69 / I-70 corridor geography.
• Hendricks County Economic Development Partnership: County-level economic development organization for Hendricks County, west of Indianapolis. Directly competes with HEDC for distribution, manufacturing, and life-sciences projects in the Indianapolis MSA.
• Johnson County Development Corporation: County-level economic development organization serving Johnson County, Indiana, south of Indianapolis in the same MSA. Comparable scope, member-funded model, and target industry mix including advanced manufacturing and logistics.
• Boone County Economic Development Corporation: Northwest Indianapolis-area county EDC competing with Hancock for life-sciences, agri-business, and logistics projects. Closely comparable mandate, governance, and small-staff operating model.
• Greater Columbus Indiana Economic Development Corporation: Regional economic development organization serving Bartholomew County and surrounding area in southeast Indiana. Comparable scope of business attraction, retention, and workforce programs for a similar Midwestern county.

Broad incumbents

• Indiana Economic Development Corporation (IEDC): State-level public-private economic development agency that HEDC explicitly partners with for incentive programs and business attraction. Serves as the upstream funder and policy partner rather than a direct competitor on local deals.

Others

• Site Selectors Guild: Professional association of corporate site-selection consultants with whom HEDC actively engages through events and outreach. Functions as a channel partner that connects the council to incoming corporate decision-makers evaluating locations.
• International Economic Development Council (IEDC): Industry association for the economic development profession. HEDC's Community Development Manager earned the CEcD credential from IEDC; it sets professional standards, training, and advocacy that shape how HEDC and peer EDCs operate.

Regional players

• Conexus Indiana: Indiana-focused industry-led initiative advancing advanced manufacturing, logistics, and life-sciences competitiveness. Comparable only in mission overlap on workforce and target industries; not a geographic competitor but an ecosystem partner and potential programmatic comparator.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks4 records

Key highlights7 records

Customer concentration

• Xtwitter.com/hancockeconomic
• YouTubeyoutube.com/channel/UC9Lfb9HcgwzmzryR_ZRL0Tw
• Facebookfacebook.com/hancockedc
• LinkedInlinkedin.com/company/hancock-economic-development-council
• Instagraminstagram.com/hancockeconomic

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Hancock Economic Development Council