What Nevada Economic Development Council does

The Nevada Economic Development Council (NEDC) is a non-profit 501(c)(6) corporation founded in the early 1990s to drive economic growth in Nevada, Iowa — a Story County community of roughly 7,000 residents within a regional workforce population of 684,890. NEDC does not build or sell products; instead, it operates as a public-private economic development partnership that recruits, retains, and expands businesses by packaging site selection, financial incentives, infrastructure, and regulatory access for prospective employers. Its core service offerings include a LocationOne-powered available-sites and available-buildings platform, business assistance in navigating incentive packages and permitting, a tiered investor partnership program (Bronze $500, Silver $1,000, Gold $2,500 per year), an online investor directory, and community events programming such as ribbon cuttings and the Nevada Downtown Market.

NEDC's business model is non-commercial: revenue is derived from annual investor memberships across three tiers, supplemented by in-kind and operational support from the City of Nevada, the Iowa Economic Development Authority, and other public and utility partners. Since 2018, executive director services have been contracted through the Ames Chamber and Economic Development Commission (AEDC), broadening the organization's talent and capital access while preserving independent board governance under an investment-group model. The council does not develop proprietary technology and maintains a volunteer board of more than 50 representatives from local employers, banks, healthcare, agriculture, and utilities.

Cumulative impact metrics over the past decade include more than $53 million in added assessed valuation, over 1,000 jobs created or retained, and more than $1.6 million in additional annual tax revenue for the City of Nevada. Notable facilitated projects include Burke Corporation's $150 million, 210,000-square-foot expansion (210 jobs added), Verbio Nevada's $80 million biorefinery (48 jobs, first US industrial-scale agricultural-residue RNG facility), ALMACO's precision-agriculture expansion, Lincolnway Energy's 1-billion-gallon ethanol milestone, and Mid-States Material Handling's $3.2 million expansion. Strategic partnerships with Iowa State University, Iowa DOT, USDA, Main Street Nevada, and Story County underpin ongoing housing, transportation, and renewable-energy cluster development.

Name

Nevada Economic Development Council

Legal name

Nevada Economic Development Council

Website

https://nevadaiowaedc.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1–10 employees

Short description

NEDC is a non-profit economic development council founded in the early 1990s that recruits, retains, and expands businesses in Nevada, Iowa by packaging site selection, financial incentives, infrastructure, and regulatory access for prospective employers, funded through tiered investor memberships and public partnerships.

Ownership category

akta.pro rank

Headquarters

HQ city

Nevada

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Others

Revenue model

1. Investor Memberships: NEDC generates revenue through tiered investor memberships - Bronze ($500/year), Silver ($1,000/year), and Gold ($2,500/year) tiers. Investor benefits include NEDC mailings, emails, press announcements, invitations to Annual Celebration, website listings with optional company links and logos.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

The Nevada Economic Development Council (NEDC) is a non-profit 501 C6 economic development organization that cultivates economic growth in Nevada, Iowa. It facilitates business location and expansion through site selection assistance, financial incentive coordination with state and local authorities, workforce development, and infrastructure provision. NEDC operates a tiered investor membership program (Bronze, Silver, Gold) and connects businesses to community resources including industrial parks, available buildings, and housing development support.

Product overview

The Nevada Economic Development Council (NEDC) offers a portfolio of economic development services rather than a traditional technology product. The organization provides business site and building listings through an integrated location platform, business assistance services for companies seeking to establish or expand in Nevada, Iowa, an investor partnership program with tiered membership levels, an investor directory showcasing community supporters, and community events programming. These services work together to cultivate economic growth, support industrial and commercial development, and foster workforce and housing opportunities in the Nevada, Iowa region.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Site & Building Listings

Quantifiable outcome

• Over the past decade, partnerships have provided new projects adding more than $53 Million in assessed valuation
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core, key and supporting.

• Ames Chamber and Economic Development Commission (AEDC)coreStrategic or Co-development Partner · 1 January 2018In 2018, NEDC entered into agreement with AEDC for executive director services and economic development support. This partnership brought additional expertise and changed board structure to investment group arrangement.
• City of NevadacoreStrategic or Co-development Partner · 1 January 1990Nearly 20-year partnership between NEDC and City of Nevada to accomplish shared vision for community growth. City provides leadership, staff support, and collaborative planning for economic development initiatives.
• Iowa Economic Development Authority (IEDA)coreStrategic or Co-development PartnerNEDC works closely with IEDA to facilitate business incentives, workforce housing tax credits, HQJ program benefits, and state-level economic development resources for companies locating or expanding in Nevada.
• Iowa State UniversitykeyStrategic or Co-development PartnerIowa State University is located 15 minutes from Nevada and offers research and development opportunities, faculty expertise, and student/staff access for businesses in Nevada.
• Iowa Department of TransportationsupportingStrategic or Co-development PartnerPartners on transportation infrastructure including the Highway 30/S-14 overpass program and road extensions serving industrial areas.
• Local Utility ProviderssupportingStrategic or Co-development PartnerPartnership with local utility providers to ensure infrastructure availability for residential, commercial, and industrial development projects.
• US Department of AgriculturesupportingStrategic or Co-development PartnerPartners on rural economic development initiatives and programs supporting agricultural and renewable energy sectors.
• Main Street NevadakeyChannel Partner/ Reseller/ DistributorPartnership for downtown commercial district development, business attraction, and community events including Nevada Downtown Market. Jointly supports small business growth.
• Story CountysupportingStrategic or Co-development PartnerCounty-level partnership for economic development, including RISE applications for road improvements and Justice Center development.

Scale indicators4 records

Recent moves11 records

Expansion highlights4 records

Direct peers

• Cedar Rapids Metro Economic Alliance: Iowa community/regional EDC performing business attraction, expansion assistance, and site promotion. Same operating model and target investor/employer base as NEDC.
• Iowa Area Development Group (IADG): Consortium of rural Iowa municipal and county EDCs focused on industrial recruitment, infrastructure, and project financing. Highly comparable business model and rural-Iowa member base to NEDC.
• Greater Burlington Partnership: Southeast Iowa community EDC combining chamber and economic development functions. Closely comparable small-city model pursuing industrial recruitment and workforce housing.
• Quad Cities Chamber of Commerce: Cross-state (IA/IL) chamber and economic development organization offering member investment tiers, business attraction, and site selection services. Directly comparable member-funded EDC model.
• Main Street Iowa: Iowa's downtown and commercial district revitalization program under IEDA. NEDC partners with local Main Street Nevada; directly comparable in downtown/commercial development scope.
• Dubuque Area Chamber of Commerce: Northeast Iowa community chamber/ECON organization. Similar mission of attracting industry, expanding housing, and coordinating public-private partnerships in a small Iowa city.
• Ames Chamber of Commerce and Economic Development Commission (AEDC): Sibling Iowa community EDC that since 2018 has provided contracted executive director services to NEDC. Closest operating peer in scale, mission, and Story County geography.

Regional players

• Lincoln Chamber of Commerce: Mid-size community chamber and EDC in Lincoln, Nebraska. Comparable chamber-led economic development and investor-membership model serving a similar Midwestern city footprint.

Broad incumbents

• Greater Des Moines Partnership: Regional EDC covering the Des Moines metro, including the 'Cultivation Corridor' that NEDC positions Nevada within. Comparable as a larger-scale economic development recruiter competing for the same Iowa investment dollars.
• Iowa Economic Development Authority (IEDA): State-level economic development agency for Iowa. Directly comparable as the principal state counterpart that channels incentives, workforce housing tax credits, and HQJ program benefits to community EDCs like NEDC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/NevadaEDC
• LinkedInlinkedin.com/company/nevada-economic-development-council-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

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 Nevada Economic Development Council