Harrison County Economic Development Corporation

What Harrison County Economic Development Corporation does

Harrison County Economic Development Corporation (HCEDC) is a private, nonprofit economic development corporation founded in 2004 and headquartered at 245 Atwood St., Corydon, Indiana. The organization serves as the designated county-level body for attracting and retaining businesses of all sizes, supporting entrepreneurs, and strengthening existing industries across agribusiness, manufacturing, tourism, and technology sectors in Harrison County and Southern Indiana. Its service portfolio includes a Small Business Loan Program offering $5,000–$50,000 at a fixed 1.5% interest rate across land, equipment, and working capital use cases; property site services covering inventory such as Corydon Industrial Park and Lanesville Business Park; a suite of incentive programs including tax abatement, infrastructure grants, training programs, railroad rebates, and industrial revenue bonds; and workforce development resources connecting employers with Work One Region 10, local schools, and colleges.

HCEDC is a pass-through coordinator rather than a direct service operator in most domains. It acts as the local liaison between Harrison County businesses and Indiana state agencies — notably the Indiana Economic Development Corporation (IEDC), Indiana Small Business Development Center (ISBDC), and the U.S. Small Business Administration (SBA) — and operates through referral partnerships with Main Street Corydon, the Harrison County Chamber, the Town of Corydon, and the Town of Lanesville. Its operational scale is lean: one named interim executive (Ryan Ritchie, Interim LEDO), a single headquarters, and a website-driven marketing footprint with no mobile app, no public API, and no disclosed technology stack.

The organization's most consequential recent activity centers on the Indiana READI 1.0 initiative, under which the five-county Indiana First Region consortium — Harrison, Knox, Perry, Pike, and Spencer — was awarded $15 million in 2021. HCEDC deployed $1.5 million of that allocation (plus $1.5 million public match) to enable Lanesville Business Park infrastructure that anchored an estimated $15 million Amazon.com Services LLC warehouse investment and roughly 300 new jobs, and $1.2 million (plus $1.2 million match) to enable the Kepley Fields workforce housing development leveraging approximately $40.6 million in private investment. Revenue is not publicly disclosed; funding is sourced from grants, public funds, and loan program repayments.

Name

Harrison County Economic Development Corporation

Legal name

Harrison County Economic Development Corporation

Website

https://hcedcindiana.org

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Harrison County Economic Development Corporation is a private nonprofit founded in 2004 that coordinates business attraction, small business lending, incentive brokering, and workforce development across Harrison County, Indiana, serving local businesses, entrepreneurs, and site selectors.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Civic and Social Organizations (8134), Nonresidential Building Construction (2362)

SIC

Services-Membership Organizations (8600), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Economic development services
• Small business loans
• Business incentive programs
• Site selection services
• Workforce development resources

Headquarters

HQ city

Corydon

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Pricing tiers

Distribution channels1 record

Marketing channels3 records

Core offering

Harrison County Economic Development Corporation (HCEDC) is a private, nonprofit organization that advances economic prosperity in Harrison County, Indiana. It attracts and retains businesses through a Small Business Loan Program ($5,000–$50,000 at 1.5% fixed interest), incentive programs (tax abatement, infrastructure grants, training, railroad rebates), property site services for shovel-ready locations, and workforce development resources connecting employers with local talent.

Product overview

Harrison County EDC operates as a private, nonprofit economic development organization that offers a portfolio of services focused on business growth and community prosperity. The core offerings include a Small Business Loan Program providing $5,000-$50,000 financing at 1.5% fixed interest, participation in the READI initiative for regional economic acceleration, various incentive programs (tax abatement, infrastructure grants, training, railroad rebates), property site services for finding shovel-ready locations, and workforce development resources. The organization serves as a central hub connecting businesses with resources, properties, and community development opportunities in Harrison County, Indiana.

Differentiator

Problem solved

Functional benefit

Products and services

• Small Business Loan Program A loan program providing financing ranging from $5,000 to $50,000 with a fixed 1.5% interest rate, designed to assist small businesses in Harrison County with repayment terms up to 10 years for land/buildings, 5 years for equipment, and 2 years for working capital. Requires a $100 application fee with monthly payments beginning 30 days after closing.
• Incentive Programs Financial incentive programs including 10-year Tax Abatement for real estate, 5-year Tax Abatement for equipment, Infrastructure Grants, Training Programs, Railroad Rebate Program, and Industrial Revenue Bonds to encourage business development and expansion in Harrison County.
• Property Site Services Site selection services helping businesses locate available properties and shovel-ready sites in Harrison County, including the Corydon Industrial Park and Lanesville Business Park with enhanced utility infrastructure.
• Workforce Development Resources Resources connecting businesses with workforce training, educational institutions, and talent pipeline development including partnerships with local schools, colleges, and workforce organizations like Work One Region 10.

Quantifiable outcome

• ~300 new jobs created through Lanesville Business Park development
• +3 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered major, core and minor.

• Amazon.com Services LLCmajorStrategic or Co-development Partner · 1 January 2024Major private investment partner at Lanesville Business Park. Estimated $15 million private investment in warehouse facility, creating approximately 300 new jobs.
• Indiana Economic Development Corporation (IEDC)coreStrategic or Co-development PartnerState agency partner providing economic development support and resources for Indiana businesses. HCEDC coordinates with IEDC for state-level incentives and programs including READI initiative.
• Indiana Small Business Development Center (ISBDC)coreStrategic or Co-development PartnerProvides business advisory services for small business loan applicants. ISBDC advisors assist entrepreneurs with business plans, financial preparation, and loan application completion for the HCEDC Small Business Loan Program.
• Small Business Administration (SBA)coreStrategic or Co-development PartnerFederal agency partner providing small business support and resources in conjunction with local EDC programs.
• Indiana First Region (Harrison, Knox, Perry, Pike, Spencer Counties)coreStrategic or Co-development PartnerFive-county consortium awarded $15 million in READI 1.0 funding for regional economic acceleration and development initiatives. Harrison County participates in coordinated economic development strategy.
• Main Street CorydonminorStrategic or Co-development PartnerLocal organization supporting downtown economic vitality and historic preservation in Corydon.
• Harrison County GovernmentcoreStrategic or Co-development PartnerLocal government partner providing infrastructure support, regulatory coordination, and local investment for economic development projects.
• Harrison County ChamberminorChannel Partner/ Reseller/ DistributorLocal chamber of commerce supporting business networking and economic growth in Harrison County.
• Town of CorydoncoreStrategic or Co-development PartnerMunicipal partner for commercial development, infrastructure improvements, and business park development including Pacer Drive commercial expansion.
• Ramsey Water CompanyminorImplementation/ SI/ Consulting PartnerWater utility provider extending water lines to Lanesville Business Park as part of infrastructure improvements enabled by READI funding.
• Harrison County Regional Sewer DistrictminorImplementation/ SI/ Consulting PartnerRegional sewer district expanding collection systems to serve Lanesville Business Park development.
• Town of LanesvillecoreStrategic or Co-development PartnerMunicipal partner expanding wastewater treatment facility to serve business park development at the Lanesville interchange area.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Others

• Indiana Economic Development Corporation (IEDC): The state-level economic development agency that administers READI grants and serves as HCEDC's principal funding and partnership counterpart. Comparable as the apex public-sector EDC whose programs HCEDC channels into Harrison County.
• Indiana Small Business Development Center (ISBDC): Statewide small business advisory network that partners with HCEDC on loan-application preparation. Comparable as a small-business support ecosystem peer and a key referral channel for HCEDC's loan program.

Direct peers

• One Southern Indiana: Regional chamber and economic development organization serving southern Indiana counties along the Ohio River. Highly comparable in mission, scale, and customer base to HCEDC, with overlapping READI participation and site-selection services.
• Bloomington Economic Development Corporation: County-level EDC serving Monroe County, Indiana. Directly comparable as a private nonprofit EDC providing small business support, property marketing, and incentive programs to businesses in an Indiana county.
• Radius Indiana: A regional economic development partnership serving eight south-central Indiana counties including Harrison County-adjacent geographies. Directly comparable as a multi-county, rural-Indiana EDC coordinating READI-style regional development funding and site promotion.
• Dubois County Economic Development Corporation: A small-county Indiana EDC with a manufacturing and workforce focus. Closely comparable in size, rural-Indiana context, and core service mix (site promotion, incentives, small business programs) to HCEDC.

Broad incumbents

• Greater Louisville Inc. The metropolitan chamber and economic development organization for the Louisville MSA, directly adjacent to Harrison County. Comparable as a regional EDC pursuing business attraction, workforce development, and incentive packaging, but operating at a much larger MSA scale.

Regional players

• Southwest Indiana Chamber of Commerce: Regional chamber serving southwest Indiana counties with business advocacy, networking, and economic development programming. Comparable in mission (community economic vitality) though more chamber- than EDC-focused.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/HCEDCIndiana
• LinkedInlinkedin.com/company/harrison-county-economic-development-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Harrison County Economic Development Corporation