Category: Economic Development

Co-Alliance continues investing in Henry County

Dry fertilizer facility opening soon It was a cool late-August morning, hinting at harvest season coming soon. Monday, farmers from all corners of the county gathered north of New Castle to learn about Co-Alliance’s newest facilities. Co-Alliance Mt. Summit is located on Ind. 3, where the highway meets the train […]

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TIF: A Powerful Tool For Economic Development

In 1984, Henry County Commissioners made the bold move of adding the option of Tax Increment Finance to the county’s economic development toolbox. TIF captures increases in assessed value from new development to finance projects designed to stimulate economic development activity. […]

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Indiana Launches Entrepreneurship Portal

Indiana Secretary of Commerce Brad Chambers recently announced the launch of ConnectIND, a digital portal designed to increase support for entrepreneurs and founders and power Indiana’s entrepreneurial ecosystem. The new tool, which was first announced during Global Entrepreneurship Week in November 2022, is the first portal of its kind to provide comprehensive, statewide […]

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Dozens of Local Businesses Benefit from COVID Grants

Recovery funds impact more than 200 jobs The Indiana Offices of Community and Rural Affairs (OCRA) put nearly a quarter-million dollars back into Henry County this spring to fight lingering effects of the COVID-19 pandemic. This was the third round of funding Henry County businesses received through the COVID-19 Response […]

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Cobblestone Hotel considering New Castle location

Cobblestone Hotel & Suites is considering a New Castle location, but needs a local franchise owner. Corey Murphy, president and CEO of the New Castle-Henry County Economic Development Corporation, spoke at the May 10 Henry County Commissioners meeting to provide an update on efforts to attract a new hotel to […]

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Local EDC President Graduates From Tourism Academy

Corey Murphy, President of the New Castle-Henry County Economic Development Corporation and Henry County Destination Development, recently graduated from the Indiana Tourism Academy. Murphy is one of the 12 members from across the state in the inaugural class. The academy is presented by the Indiana Tourism Association, with a mission […]

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The Power of the Food & Beverage Tax

With three exits along I-70, Henry County receives an additional 1 percent tax on purchases made in restaurants at each of its exits. This extra 1 percent also applies to restaurants elsewhere in the county, as enjoyed by residents. […]

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