Hancock County Economic Development

What Hancock County Economic Development does

HCEDC is a nonprofit economic-development corporation founded in 2005 and based in Garner, Iowa. It serves Hancock County, Iowa, supporting business attraction, business expansion, workforce development, and site selection for local businesses, prospective employers, and regional economic-development partners. Its reported activities include internship and career-fair programs, Home Base Iowa veteran support, a revolving loan fund, and business concierge services.

The stated revenue model is membership-based: business-investment memberships are offered at annual tiers from $125 to $3,000, and the supplied material describes more than 80 business-investment members. No proprietary software, platform architecture, AI/ML capability, audited revenue, grant data, or program-level fee data is identified. The evidence therefore supports a local service and coordination organization, not a technology product or a conventional high-growth company.

Name

Hancock County Economic Development

Legal name

Hancock County Economic Development Corporation

Website

https://hancockcountyiowa.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

Hancock County Economic Development Corporation is a nonprofit serving Hancock County, Iowa, supporting business attraction, expansion, workforce development, and site selection for local employers, partners, and prospective businesses through membership, concierge, internship, veteran, and loan programs.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Administration of Housing Programs, Urban Planning, and Community Development (925), Administration of Urban Planning and Community and Rural Development (925120)

SIC

Operators Of Nonresidential Buildings (6512), Services-Facilities Support Management Services (8744)

akta.pro industry

PRIMARYBPAJAHAH

Industrial Park Owners Association Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/HOA/Condominium Association Management

Keywords

• Economic development services
• Business attraction
• Workforce development
• Industrial site selection
• Small business financing

Headquarters

HQ city

Garner

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Business Investment Memberships: Annual suggested business investment program based on number of employees. Fees range from $125 for small businesses/individuals up to $3,000 for large financial institutions. Contribution pledged for a three-year period.
2. Investor Program: Tiered annual investment structure for businesses including Retail Store, Professional, Automotive, Trucking, Industrial, Local Utility, Financial Institution, Service Business, and Individual/Farmer categories.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels8 records

Core offering

Hancock County Economic Development Corporation (HCEDC) is a non-profit economic development organization that recruits, retains, and expands businesses in Hancock County, Iowa. It provides business development services including site and building location assistance, workforce development programs, a small business revolving loan fund, industrial park availability, and access to state and federal incentive programs. HCEDC is funded primarily through an annual business investment membership program and serves as the primary point of contact for companies exploring location or expansion in the county.

Product overview

Hancock County Economic Development Corporation operates as an economic development organization offering a portfolio of business development services, including industrial site availability (Touchstone Energy Park, FC Commercial Park, Burgardt Commercial Park), small business financing (Revolving Loan Fund up to $10,000 at 2%), workforce development programs, student internship coordination, veteran relocation assistance through Home Base Iowa, and access to Iowa Economic Development Authority incentive programs. The organization also provides business concierge services through IASourceLink partnership and maintains a property database via LOIS for site and building location. All offerings are integrated programmatic services rather than a software platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Development Services Comprehensive economic development services including business recruitment, expansion support, site selection assistance, and workforce development for companies considering Hancock County, Iowa.
• Industrial Parks (Touchstone Energy Park, FC Commercial Park, Burgardt Commercial Park) Pre-developed commercial and industrial sites available for business location and expansion in Garner, Forest City, and Britt, Iowa.
• Hancock County Revolving Loan Fund Small business revolving loan program providing loans up to $10,000 at 2% interest for equipment, fixtures, inventory, land acquisition, and building improvements for businesses in Hancock County.
• Business Concierge Services Free assistance connecting small business owners to resources, data, and contacts through IASourceLink partnership.
• Workforce Development Programs Workforce training programs including Iowa Jobs Training (260E/260F), apprenticeship programs, and student internship coordination through local community colleges.
• Hancock County Internship Program Student internship program funded by HCEDC and investing partners, providing networking, resume building, and professional development for interns, with the goal of transitioning interns to full-time employment.
• Home Base Iowa Services Veteran relocation assistance program providing job interview travel reimbursement, relocation packages up to $1,000, housing resources, and Home Base Iowa Act benefits.
• Career Fair Services High school career fair coordination for Forest City, Garner-Hayfield/Ventura, West Hancock, and Belmond-Klemme school districts with approximately 450 students participating.

Quantifiable outcome

• 2.4% unemployment rate in Hancock County (vs 2.8% Iowa, 3.9% US) as of April 2018
• +3 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Ten partnerships are on record, tiered core and minor.

• Home Base IowacoreStrategic or Co-development Partner · 6 March 2015Statewide public-private partnership helping veterans find positions at Iowa companies, pursue continued education, and continue service through Guard or Reserves. Hancock County became a recognized Home Base Iowa Community in March 2015.
• Iowa Economic Development Authority (IEDA)coreStrategic or Co-development PartnerHancock County Economic Development works closely with IEDA to strengthen economic and community vitality through business development and community development programs. IEDA administers state and federal programs to assist individuals, communities and businesses in Iowa.
• North Central Iowa Marketing AlliancecoreStrategic or Co-development PartnerSeven-county consortium of economic development professionals providing free technical assistance and coordinated regional development support. HCEDC is an active member of this alliance.
• North Iowa Area Council of Governments (NIACOG)coreStrategic or Co-development PartnerRegional partner providing business assistance programs and services to businesses and communities in the NIACOG region through the NICOG Revolving Loan Fund.
• North Iowa Area Community College (NIACC)coreStrategic or Co-development PartnerNIACC offers the 260E and 260F Iowa Jobs Training Programs in Hancock County. The college administers workforce training funding and provides business incubation services through the UNI Business & Community Services.
• Comm 1coreTechnology or IntegrationInternet service provider and business internet provider offering high-speed, reliable, redundant internet solutions and data services. Part of 5,500+ miles of fiber network through partnership with Aureon Fiber Optic Network.
• WCTAcoreTechnology or IntegrationInternet service provider offering high-speed, reliable internet solutions and data services across Hancock County rural areas.
• Prairie Energy CooperativeminorStrategic or Co-development PartnerProvides Community/Economic Development Revolving Loan Fund for rural economic improvement. Eligible uses include land purchase, buildings, fixed assets, machinery and equipment, infrastructure and residential housing projects.
• Mercy Health System / MercyOneminorStrategic or Co-development PartnerHancock County Health System is affiliated with Mercy Health System which operates a large regional hospital and clinics in Mason City, 15 miles from Hancock County.
• Winnebago IndustriescoreStrategic or Co-development PartnerMajor employer headquartered in Forest City, Iowa (partly in Hancock County). Leading U.S. manufacturer of motorhomes, travel trailers, and boats. Board member Chad Reece serves as Director, Corporate Relations with 33 years at the company.

Scale indicators14 records

Expansion highlights2 records

Regional players

• Iowa Lakes Corridor Development Corporation: Regional economic development organization serving the Iowa Great Lakes region (Dickinson, Emmet, Palo Alto counties). Comparable in operating model and rural Iowa focus, though serving a different geography.
• Mid-Iowa Growth Partnership: Regional EDO serving Marshall, Hardin, and Tama counties. Comparable as a small-staff, multi-county economic development organization in rural central Iowa with similar site recruitment and workforce focus.
• Greater Fort Dodge Growth Alliance: Economic development organization serving Fort Dodge and Webster County, Iowa. Comparable in mission and rural-Iowa positioning, with similar workforce development and business attraction programming.

Direct peers

• Britt Industrial Development Group Corporation (BIDCO): Local industrial development group within Hancock County led by David Kingland. Closest peer - operates at sub-county scale with overlapping mission of industrial park management and business recruitment in the same geography.
• North Central Iowa Marketing Alliance: Seven-county consortium of economic development professionals that HCEDC is an active member of. Comparable as a coordinating consortium with similar regional marketing and business attraction remit, though broader in scope than HCEDC alone.
• Forest City Economic Development: Neighbor-county economic development organization serving Forest City and Winnebago County, Iowa. Listed as an HCEDC Business Investment Member; operates with a similar small-staff, board-governed model focused on site/building recruitment and workforce programs.
• North Iowa Corridor Economic Development Corporation: Regional EDO serving Cerro Gordo and Worth counties including Mason City. Comparable as a North Central Iowa economic development organization offering site selection, workforce development, and incentive navigation similar to HCEDC.

Broad incumbents

• Iowa Economic Development Authority (IEDA): State-level economic development agency administering CEBA, EDSA, High Quality Jobs, and other incentive programs. Directly comparable as an economic development organization serving Iowa, though at a larger geographic scale than HCEDC.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Customer concentration

• Xx.com/EDCHancockCO_IA
• Facebookfacebook.com/HancockCountyEconomicDevelopmentCorporation
• LinkedInlinkedin.com/company/economic-development-of-hancock-county-iowa

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Hancock County Economic Development