Hamilton County Development Company (HCDC) released its Annual Report on Thursday at its annual membership meeting. The report demonstrates that HCDC continues to experience strong results in its three concentrated areas of lending, economic development and business incubation.
- While a common mantra in business today is that “it is impossible to get a loan right now,” HCDC increased its lending business. HCDC approved 46 loans for $24.3 million in SBA 504 and Ohio Regional 166 financing with a total project investment of $67.3 million. This is an increase of 73 percent over 2010. HCDC’s loan portfolio is the largest it has ever been.
- HCDC’s Economic Development Office (EDO) facilitated $115.5 million in new private investment that will create or retain more than 2,100 jobs. This is a direct result of access to tax incentives, assistance or financing programs HCDC administers throughout Hamilton County.
- HCDC’s business incubator, the Hamilton County Business Center, finished the year with 78 percent occupancy. This is the highest level of occupancy at HCBC in six years.
While the economy continues to make business expansion and retention difficult, HCDC’s Annual Report shows that it made significant gains in 2011. To read the Annual Report, click here.
To view the Business Courier’s coverage about the Annual Report click here.