Miami County Economic Development Authority

What Miami County Economic Development Authority does

Miami County Economic Development Authority (MCEDA) is a government-organized public/private partnership that serves as the primary economic and community development organization for Miami County, Indiana. Headquartered in Peru, Indiana with a five-person staff, MCEDA coordinates business attraction, business development, and community development activities across North Central Indiana, with formal operations dating to 2005 (and predecessor functions through the former Grissom Redevelopment Authority). Its service portfolio spans targeted outreach to prospective employers, retention assistance for existing businesses, infrastructure and workforce development coordination, and administration of incentive programs including tax phase-ins, Tax Increment Financing districts, Opportunity Zones, Hub Zone designations, Foreign Trade Zone access, MCEDA Loans, and Marketing Assistance Grants.

MCEDA's core physical asset is the Grissom Aeroplex, an 850+ acre former Air Force Base realigned under BRAC in 1994 and now under MCEDA control, featuring Indiana's longest runway at 12,500 feet and shovel-ready land (20-120 acres available) with water, sewer, natural gas, fiber optics, and roadway infrastructure. The Aeroplex has become the anchor of a nuclear medicine / radiopharmaceutical cluster, hosting SpectronRx (which secured an $85 million OrbiMed financing and operates a 150,000-square-foot production facility capable of 300,000+ patient doses annually) and AZ Isotopes (over $70 million invested in cyclotron-based isotope production). Other major Miami County employers served by the regional ecosystem include Smithfield Foods, Bryan Boiler, Progress Rail, Chinook RV, Co-Tronics, EVO, and Snavely Machine, spanning advanced manufacturing, food processing, aerospace, rail, and agriculture.

MCEDA's business model is a public/private partnership funded by annual contributions from local government and the business community. It does not sell a commercial product; revenue mechanics consist of appropriated funds, private sector contributions, and the administration of incentive and grant programs (such as the Marketing Assistance Program, which reimburses up to 30% / $1,000 of trade show registration fees for co-op applicants). The organization is governed by a board of directors chaired by Polly Dobbs and led by Executive Director Jim Tidd, and operates without parent-company or venture capital ownership.

Name

Miami County Economic Development Authority

Legal name

Miami County Economic Development Authority

Website

https://miamicountyeda.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

Miami County Economic Development Authority (MCEDA) is a government-organized public/private partnership that drives business attraction, retention, and community development across Miami County, Indiana, anchored by the 850+ acre Grissom Aeroplex and serving major employers in manufacturing, nuclear medicine, food processing, and logistics.

Ownership category

akta.pro rank

Headquarters

HQ city

Perú

HQ country

Colombia

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Public/Private Partnership Funding: MCEDA operates as a public/private partnership funded by local government and business community contributions. The organization annually renews commitments from both sectors to fund county-wide economic development efforts.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

MCEDA is an economic development authority that attracts, retains, and expands businesses in Miami County, Indiana through targeted outreach, site selection assistance, workforce development coordination, and administration of incentive programs. It also manages the Grissom Aeroplex, an 850+ acre redevelopment site at the former Grissom Air Force Base with a 12,500-foot runway available for commercial or light industrial tenants.

Product overview

Miami County Economic Development Authority (MCEDA) offers a unified suite of economic development services focused on business attraction, retention, and community growth in North Central Indiana. The core offerings include business attraction and development consulting, community development coordination, MCEDA Loans for gap financing, and a Marketing Assistance Program grant. Property development is centered on the Grissom Aeroplex, an 850+ acre site at a former Air Force Base. Incentive programs include Tax Phase-In (abatement), Tax Increment Finance (TIF) districts, Opportunity Zones, Hub Zone designation, and Foreign Trade Zone access. MCEDA serves as the primary economic and community development organization for Miami County, operating as a public/private partnership.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Attraction Services Targeted marketing and outreach to attract new businesses and investment to Miami County, including property promotion, direct mail campaigns, and industry trade show participation.
• Business Development Services Assistance for existing businesses to foster growth and retention through networking, technology transfer, and acting as a liaison between business, government, and the public sector.
• Community Development Services Infrastructure improvements, workforce development, education quality initiatives, recreational and cultural opportunities, and housing development coordination across Miami County.
• MCEDA Loans Loan program for extraordinary circumstances meeting specific criteria including redevelopment goals, startup status, gap financing need, job creation, and new business investment.
• Marketing Assistance Program Grant program assisting small businesses with marketing at regional or national trade shows, covering up to 10% of registration fees for individual businesses (max $500) or 30% for co-ops (max $1,000); grant funds limited to registration/booth fees only.
• Grissom Aeroplex 850+ acre commercial and light industrial development site at the former Grissom Air Force Base, offering 20-120 acres available for development with access to a 12,500-foot runway (Indiana's longest) and existing infrastructure including water, sewer, natural gas, roadways, and fiber optics.
• Tax Phase-In (Abatement) Tax break offered by municipalities on real or personal property for business expansion or new industry, providing a percentage reduction based on assessed value over a designated period.
• Tax Increment Finance (TIF) Captures increased real property taxes from new assessed value to assist companies with infrastructure, site development, or construction costs, available in five TIF districts.
• Opportunity Zones Federal program offering reinvestment possibilities and capital gains tax shelter for investors, with two zones in Miami County including the Grissom Aeroplex.
• Hub Zone Program Department of Defense contracting advantage for companies in designated Hub Zones, with all of Miami County designated as a Hub Zone.
• Foreign Trade Zone (FTZ) Trade zone benefits under the Indianapolis Airport FTZ for businesses importing and exporting parts used in production.

Quantifiable outcome

• 65% of U.S. population reachable within one day's drive
• +2 more outcomes

Named customers8 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and major.

• North Central Indiana Economic Development Partnership (NCIEDP)coreStrategic or Co-development PartnerRegional partnership including Cass, Clinton, Fulton, Howard, Miami, and Tipton counties that promotes business attraction, retention, and expansion initiatives for the region.
• Purdue UniversitycoreStrategic or Co-development PartnerMajor university partnered with nuclear medicine companies (AZ Isotopes and SpectronRx) for continuous R&D in isotope production to support nuclear medicine and other applications.
• Notre Dame UniversitycoreStrategic or Co-development PartnerUniversity partnered with nuclear medicine companies for continuous R&D in isotope production and support of A&P licensed training programs.
• Ivy Tech Community CollegecoreStrategic or Co-development PartnerRegional campus located in Kokomo with satellite campus in Peru. Offers AAS degrees, certifications, and business/industry training tailored to business needs. Provides logistics education programs including Certified Supply Chain Professional and warehousing certifications.
• AZ IsotopescoreStrategic or Co-development PartnerMedical radioisotope production and research company that invested excess of $70 million to construct and equip new facility at Grissom Aeroplex. Uses cyclotrons to produce critical isotopes for diagnosis and treatment of heart disease and cancer.
• SpectronRxcoreStrategic or Co-development PartnerIndianapolis-based radiopharmaceutical company that invested over $70 million at Grissom Aeroplex. Uses cyclotrons to produce medical isotopes for diagnostic imaging and radioligand therapies. Expanded campus includes 150,000 sq ft production facility and capacity for 300,000+ patient doses annually.
• Norfolk Southern RailroadmajorStrategic or Co-development PartnerRail services provided to Miami County and surrounding communities, supporting logistics and manufacturing operations in the region.
• Montgomery AviationmajorStrategic or Co-development PartnerFixed Base Operator (FBO) providing general aviation capabilities at Grissom Aeroplex.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Greater Indianapolis Chamber of Commerce: Regional business and economic development organization serving the Indianapolis metro — overlaps with MCEDA on business attraction and policy advocacy but covers a much larger urban region and offers broader programming.
• Indiana Economic Development Corporation (IEDC): State-level economic development organization for Indiana offering business attraction, incentive negotiation, and site selection — overlapping remit with MCEDA but operating statewide and with significantly larger staff and budget.

Direct peers

• Conexus Indiana: Indiana-focused industry-led initiative advancing advanced manufacturing and logistics — comparable to MCEDA in its focus on manufacturing attraction, workforce development, and supply chain competitiveness.
• Northwest Indiana Forum: Regional economic development organization covering northwest Indiana — directly comparable multi-county economic development structure similar to MCEDA's NCIEDP partnership model.
• Tippecanoe County Economic Development: County-level economic development organization in Indiana offering business attraction, retention, and incentive programs — directly comparable scale and mission to MCEDA's county-level mandate.
• Northeast Indiana Regional Partnership: Regional economic development partnership serving northeastern Indiana counties — directly comparable in structure and mission to MCEDA's regional NCIEDP partnership, with a similar focus on advanced manufacturing and logistics attraction.
• Hamilton County Economic Development: Indiana county-level economic development authority — directly comparable to MCEDA in structure (county EDA), incentive offerings, and business-attraction mission, though serving a higher-growth suburban Indianapolis county.

Others

• Norfolk Southern: Class I freight railroad that serves Miami County — adjacent enabling partner providing rail logistics that MCEDA markets as part of its value proposition, comparable only as a transportation ecosystem participant.
• Duke Energy Indiana: Utility serving Miami County that is an ecosystem partner to MCEDA — adjacent rather than competitive, but materially relevant because utility coordination is a recurring input to MCEDA's site-selection and incentive packages.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights5 records

Customer concentration

• Xx.com/miamicoeda
• Facebookfacebook.com/miamicountyeda
• LinkedInlinkedin.com/company/miami-county-economic-development-authority

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 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 Miami County Economic Development Authority