HCDC Honored with NADCO Partnership in Economic Development Award

27 May

Cincinnati, OH – HCDC, Inc. was recently honored with the “Partnership in Economic Development” Diamond Award at the National Association of Development Companies (NADCO) Spring Summit in Washington, D.C. This award recognizes HCDC as a Certified Development Company maximizing local economic impact.

Diamond Award Winners-Resized

HCDC President David Main (far right) Accepts the NADCO Diamond Partnership Award in Washington, D.C.

In 1989, HCDC, Inc. partnered with Hamilton County, Ohio, the State of Ohio Thomas Edison Program, the City of Norwood, and Xavier University, to launch the Hamilton County Business Center, Inc., a mixed-use business incubator. HCDC, in collaboration with the above-mentioned entities, secured state/federal grants and bank mortgages to bring to life a mostly vacant, blighted facility in the center of Hamilton County.

Since then, the Hamilton County Business Center has become a nationally recognized start-up business incubator in Southwest Ohio that helps entrepreneurs launch successful technology-oriented businesses through coaching, connections, innovative programming, access to capital, and a diverse learning environment.

During 2015, the Business Center housed 55 incubation clients and 15 CoWorks clients that employed 243 individuals with an annual payroll of $10.5 million. Aggregate tenant revenues exceeded $24.1 million. Twenty-one Business Center clients secured early-stage capital from seed funds, angel investors, banks, or government entities totaling $10.6 million.

The Business Center is a fundamental component to the success of these start-up companies and the jobs they bring to Hamilton County, Ohio. HCDC continues an entrepreneurial partnership with other organizations, connecting startups to investors, mentors, and coaches that help catapult them to the next level, including:

  • Queen City Angels (an angel investing firm)
  • Brandery (a start-up accelerator)
  • CincyTech (a seed fund)
  • SCORE Greater Cincinnati (a volunteer small business coaching organization)
  • Ohio Third Frontier (supports organizations that support technology start-ups)

About HCDC, Inc.
Established in 1983, HCDC, Inc., formerly Hamilton County Development Co. Inc., helps build businesses and promote job creation in three simple ways: Business Incubation, Business Lending, and Economic Development services. Born out of a need to create jobs to counter a shrinking manufacturing sector, HCDC has nurtured over 300 resident companies, financed over $1 Billion in projects, and has helped attract and create tens of thousands of local jobs. For more information on HCDC, Inc., visit: www.hcdc.com.