fayette county industrial development corporation

Name

fayette county industrial development corporation

Legal name

Fayette County Industrial Development Corporation

Website

https://edgconnersville.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

All Other Business Support Services (561499), Other Activities Related to Real Estate (531390)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

akta.pro secondary industries

Workforce Development & Inclusive Employment (Job Training, Placement) (BPAGALAB), Public Workforce Development Programs (WIOA/One-Stop Career Centers) (EDAAAOAA), Small Business & Entrepreneurship Community Education (EDAAAFAK)

Keywords

• Economic development services
• Business retention programs
• Revolving loan funds
• Site selection assistance
• Workforce development programs

Headquarters

HQ city

Connersville

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. Economic Development Tax Funding: EDG is a semi-public organization organized as a private corporation. Fayette County provides funding through its local economic development income tax. The city of Connersville has provided some funding in the past but has not for several years.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Provides economic development services for Fayette County, Indiana, including business retention and expansion (BRE) visits with existing local employers, a revolving loan fund for small businesses, downtown pop-up retail space rentals, site selection and property search assistance, workforce development forums, and small business/entrepreneurship connection programming. Acts as the community's one-stop liaison connecting businesses with incentives, workforce resources, and regional partners.

Product overview

The Fayette County Economic Development Group offers a portfolio of economic development services rather than a unified software product. Core offerings include business retention and expansion programs, workforce development roundtables, small business support including the Downtown Pop-Up Store and Regional Entrepreneurial Pipeline, and site selection assistance. The organization also facilitates access to state-level incentives and manages a revolving loan fund for equipment-based job creation. Notable economic wins include the NOVA Chemicals SYNDIGO recycling facility (450,000 sq ft, 125 jobs) and Crossroads Healing Center (100+ jobs).

Differentiator

Problem solved

Functional benefit

Products and services

• Business Retention and Expansion (BRE) Visits Proactive in-person visits by EDG staff to existing Fayette County employers to identify growth barriers, workforce needs, expansion plans, and opportunities; referrals to incentives, training, and the revolving loan fund follow each visit. Targeted at owners, presidents, and plant managers of local businesses.
• Revolving Loan Fund Locally administered small business and expansion loan program providing capital access to qualifying businesses in Fayette County, supporting retention, attraction, and entrepreneurship objectives.
• Downtown Pop-Up Store Short-term downtown retail space rented at $25 per day to entrepreneurs and small businesses for product test-marketing and low-cost entry into the Connersville market.
• Site Selection and Property Search Services Local one-stop assistance for prospective and existing businesses identifying available buildings, sites, and properties in Fayette County, paired with incentive packaging and coordination with utilities and state partners.
• Workforce Development Forum Periodic forum convening employers, educators, and workforce partners to address talent pipeline needs in Fayette County.
• Regional Entrepreneurial Pipeline (REaP) Regional program coordinated by EDG connecting local entrepreneurs to mentorship, capital, and resources to launch and grow small businesses.
• Small Business and Entrepreneurship Connection Programming connecting aspiring and existing small business owners to local resources, peers, and EDG services to support business formation and growth in Fayette County.

Quantifiable outcome

• 85-90% annual employee retention rate in Connersville businesses
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered core and minor.

• Indiana Economic Development Corporation (IEDC)coreStrategic or Co-development PartnerState-level economic development partner providing outreach, resources, and funding programs. IEDC administers the Community Collaboration Fund and offers programs for business attraction, job creation incentives, and workforce development grants.
• Eastern Indiana Regional Planning Commission (EIRPC)coreStrategic or Co-development PartnerSix-county economic development group that EDG helped form. Regional planning body for coordinated economic development across Eastern Indiana.
• Eastern Indiana WorkscoreImplementation/ SI/ Consulting PartnerWorkforce development partner that helps connect businesses with qualified candidates, provides recruitment services, and coordinates training programs.
• Ivy Tech Community CollegecoreImplementation/ SI/ Consulting PartnerEducational partner providing workforce training programs including precision manufacturing certifications, CNC machining courses, industrial maintenance training, and welding certifications. EDG owns the Ivy Tech campus building.
• WorkOne Career CenterscoreImplementation/ SI/ Consulting PartnerState workforce partner connecting businesses with job seekers and providing employment services, training programs, and career development resources.
• Eastern Indiana Small Business Development Center (SBDC)coreImplementation/ SI/ Consulting PartnerPartner providing small business resources, consulting, and support for entrepreneurs in East Central Indiana. Partners with EDG on Small Business & Entrepreneur Connection program.
• Whitewater Career CentercoreImplementation/ SI/ Consulting PartnerCareer and technical education center offering 14 career programs for high school students, providing pipeline of skilled workers for local manufacturing and industrial employers.
• Rush County Economic & Community Development CorporationcoreStrategic or Co-development PartnerRegional partner in the Regional Entrepreneurial Pipeline (REaP) initiative serving Rush, Fayette, and Henry Counties, supported through Indiana's Community Collaboration Fund.
• Henry County Economic DevelopmentminorStrategic or Co-development PartnerRegional partner collaborating on the Regional Entrepreneurial Pipeline (REaP) initiative serving East Central Indiana entrepreneurs.
• City of ConnersvillecoreStrategic or Co-development PartnerLocal municipal government partner; EDG works with city officials on economic development initiatives, infrastructure, and community prosperity efforts.
• Fayette County GovernmentcoreStrategic or Co-development PartnerCounty government that provides primary funding through local economic development income tax. Works with EDG on economic initiatives and strategic direction.
• Discover ConnersvillecoreStrategic or Co-development PartnerDowntown revitalization organization that EDG collaborates with to make Connersville a better place to live and work.
• Fayette County FoundationminorStrategic or Co-development PartnerLocal foundation supporting community investment and quality-of-life initiatives in Fayette County.
• Urban Enterprise AssociationminorStrategic or Co-development PartnerLocal economic development association supporting business growth and community investment in the area.
• Forge PCIminorStrategic or Co-development PartnerRegional economic development partner collaborating on initiatives in East Central Indiana.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Connersville Area Chamber of Commerce: Local business association serving Connersville/Fayette County; overlaps with EDG on small business support and retention, though more event/network-oriented than deal-closing.
• Forge PCI: Regional East Central Indiana economic development and innovation partner collaborating with EDG; comparable mission in workforce and entrepreneurship support at slightly different scope.

Others

• Urban Enterprise Association of Connersville: Local economic development association supporting business growth in the same geography; ecosystem partner rather than direct competitor, but adjacent mission.

Broad incumbents

• Indiana Economic Development Corporation (IEDC): State-level economic development agency that funds and partners with EDG; provides the policy, incentive, and grant framework that EDG executes locally, making it the broader incumbent in the same chain.
• Northeast Indiana Regional Partnership: Multi-county regional economic development organization in Indiana; comparable regional EDO function at greater scale and budget, serving as a benchmark for what EDG could evolve into via REaP.

Direct peers

• Hamilton County Economic Development Corporation: Indiana county EDO operating business attraction/retention, site selection, and workforce development — same playbook as EDG but in a faster-growing suburban Indianapolis county.
• Eastern Indiana Regional Planning Commission (EIRPC): Six-county regional economic development body that EDG itself helped form; directly comparable regional EDO/regional planning peer.
• Henry County Economic Development Corporation: Neighboring Indiana county EDO and REaP partner to EDG; both serve as local economic development corporations doing business attraction, retention, and workforce coordination in adjacent rural counties.
• Rush County Economic & Community Development Corporation: Indiana county-level economic development corporation and named REaP partner with EDG; comparable size, scope, and rural-Indiana service area make it a near-direct functional peer.

Regional players

• Discover Connersville: Downtown Connersville revitalization partner of EDG; adjacent community/economic development peer focused on the same geography and overlapping stakeholder network.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/connersville-airport

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 fayette county industrial development corporation