Welcome to the MAEDC econ::initiative. We are taking a 4 pronged approach to encourage economic growth from within our region. Explore this section to learn more about what we are doing in Howard and Randolph County to continue the steady growth of our economy with internally grown businesses.
econ :: initiative
:: EXPAND | IMPROVE
Expand your existing business with new capital, new business units, more employees. Fix issues in inefficient parts of your business. We can connect you with business intelligence, and incentives.
:: BUY | SELL
We are trying to keep successful businesses running in our region. Interested in getting out of your current situation through selling or passing it on to the next generation? Or if you are looking for good investments.
:: START|UP
Do you have an idea that you've been dying to start? Or are you interested in one of our start-up concept ideas?
:: NEW | FRANCHISES
Are you interested in a pre-packaged business that has worked in other locations? Franchises increase the potential for success.
Why this Initiative? Small Business Drives Economic Growth:
According to JPMorgan Chase & Co small businesses account for 45% of our economy, 48% of all employees work for small businesses, and small businesses accounted for over half of the job creation in 2014. 88% of employer firms have fewer than 20 employees. Bottom line we want this kind of growth in our region. While we at the EDC are constantly working to draw large businesses into our region, ignoring this sector of business growth would be like ignoring 50% of our potential growth. What is more, our homegrown businesses become very loyal local employers, rooted in our region. MAEDC sees this as a great win for our region’s economy.