Chamber of Commerce of Harrison County Pays Economic Development Loan
$382,047.86 Paid to Harrison County Economic Development Corporation Upon Closing on Sale of 7.944 Acres of Commercial Property
Just two years ago business and government leaders cut the ribbon opening a mile of new public roadway in Corydon, Indiana. Federal Drive/Pacer Court now extends from the retail/office complex that is near the I-64, State Road 135 intersection and connects with Corydon-Ramsey Road and Hospital Drive, providing additional access to the Harrison County Hospital complex.
Working together with two private developers, the Chamber of Commerce and the County Engineer, the Economic Development Corporation obtained a loan from the County to construct the road, water, sewer, and storm drainage system to encourage immediate business development in this area. The Economic Development Corporation has agreements in place for the land owners to repay the $1.6 million development costs as they make sales of their property.
Earlier this morning, the Chamber of Commerce of Harrison County paid back the Economic Development Corporation their share of the project costs. The $382,047.86 fully paid back the loan with the EDC representing the Chamber's total costs associated with the road development project. The payment was made possible by the sale of 7.944 acres of commercial property, owned by the Chamber, located along Federal Drive/Pacer Court and bordered to the north by I-64.
Darrell Voelker, Director of the Harrison County Economic Development Corporation, previously described the project as a "corridor of opportunity", noting that working under a public-private partnership is not new to the Economic Development Corporation, but it is unique in Harrison County for road building or other infrastructure development. "This project involved a lot of cooperation on the part of elected officials and business leaders. We are fortunate to have this demonstration of leadership in our community," said Voelker.
Northfield Commercial Development owners Edsel Byrd, Patrick Thompson and John Hall recently sold a parcel of their real estate and paid the Economic Development Corporation based on an agreed upon schedule according to the linear footage of roadway that was involved in the sale. As a result, the ED Corporation was able to repay the county $57,228 of the $1.6 million and Farm Credit Services built a new office building along the corridor and will have a grand opening in a few short weeks.
"The Chamber of Commerce of Harrison County is excited by the sale of the property along the 'corridor of opportunity'," Lisa Long, President, said. Long continued, "the movement of commercial property along Federal Drive/Pacer Court is indicative of future development that will mean business growth and development, jobs and an expanded tax base for Harrison County."
The Chamber is pleased to have the opportunity to re-pay the ED Corporation in a timely manner and faster than originally anticipated.
Chamber of Commerce Seeks Nominations
Chamber of Commerce Seeks Nominations - 2013 Educator of the Year Nominations Sought
The Chamber of Commerce of Harrison County will once again honor outstanding educators in Harrison County with the 2013 Educator of the Year Award. One educator from each of the four Harrison County School Districts, and one administrator county-wide, will be honored at the 2013 Excellence in Education Celebration on Wednesday, June 26, 2013. Each of the five recipients will receive $500 to use in their classrooms or departments and a Zimmerman Art Glass apple commemorating their outstanding contribution to the education of Harrison County students. Students, administrators and fellow educators are encouraged to nominate exceptional educators in Harrison County by completing the 2013 Educator of the Year Award Nomination Form below. Nominations must be submitted to the Chamber of Commerce located at 111 West Walnut Street, Corydon, Indiana no later than Friday, May 17, 2013. Nominations may be hand delivered, faxed to 738-0500 or emailed to This email address is being protected from spambots. You need JavaScript enabled to view it. . Please direct questions to Lisa Long at 738-0120 or the above email address.
Nomination form and 2013 Educator of the Year Award Application available by clicking on the links below:
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Chamber Sponsors
Upcoming Chamber Events
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Big Brothers/Big Sisters of HC Golf Scramble
06-10-2013 1:00 pm Category: Community Events |
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Ribbon Cutting Celebration - Farm Credit Services
06-12-2013 11:00 am Category: Chamber Events |
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Business After Hours - Nabb Photography!
06-13-2013 5:00 pm Category: Chamber Events |


