Business Growth
Supporting companies through resources, advocacy, and strategic partnerships.
Promoting economic development and diversified growth in Hancock County
About Organization
Based in Greenfield, IN, the Hancock Economic Development Council promotes economic development by providing site assistance, cost of doing business analysis, and economic impact modeling to consultants and businesses. Founded in 1985 and employing 5 staff, the council generates $639,100 in annual revenue while enhancing quality of life through attraction and retention of quality jobs and promoting a diversified tax base.
Business Growth
Supporting companies through resources, advocacy, and strategic partnerships.
Workforce Development
Preparing individuals for employment through training and skill building.
Regional Prosperity
Strengthening the local economy through collaborative development initiatives.
Form 990 data showing organizational financial health and growth.
Revenue (2024)
$639K
+34.2% vs 2023
Expenses (2024)
$502K
+19.2% vs 2023
Assets (2024)
$389K
+52.5% vs 2023
Employees (2024)
5
-16.7% vs 2023
| Year | Revenue | Expenses | Assets | Employees |
|---|---|---|---|---|
| 2024 | $639,100 | $501,691 | $388,571 | 5 |
| 2023 | $476,146 | $420,834 | $254,839 | 6 |
| 2022 | $282,440 | $334,978 | $197,838 | 4 |
| 2021 | $804,306 | $788,911 | $250,377 | 5 |
| 2020 | $276,022 | $268,314 | $734,848 | 3 |
| 2019 | $258,190 | $235,746 | $225,976 | 3 |
| 2018 | $247,304 | $277,415 | $204,644 | 2 |
Source: IRS Form 990 filings. All figures in USD.
Analyze regional economic conditions and identify growth opportunities.
Engage businesses and stakeholders to strengthen collaborative efforts.
Execute initiatives supporting business growth and workforce development.
Monitor economic indicators and measure impact of development strategies.
Services and programs offered by Council For Economic Development
Resources and guidance helping companies grow and succeed in competitive markets.
Training programs preparing individuals for employment and career advancement.
Engagement with government to support business-friendly policies and regulations.
Meet the people behind Council For Economic Development.
Call primary phone for Randy Sorrell Email for Randy Sorrell
Call primary phone for Erica Adams, CEcD Email for Erica Adams, CEcD
Call primary phone for Anna Voorhis Email for Anna Voorhis
Call primary phone for Mitchell Kirk Email for Mitchell Kirk
1985
1985
Council For Economic Development was established to address community needs and advance its mission.
2021
2021
Significant growth in organizational capacity and service delivery.
2024
2024
Demonstrated effectiveness through measurable program outcomes.
Board members, advisors, and key contributors
Information compiled from IRS Form 990 and organizational materials.
Top compensated officers & key employees from IRS Form 990
Total Reported (2024)
$110K
Highest Paid
$110K
Randall Sorrell
Compensated Officers
1
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Randall Sorrell | Executive Di | $109,815 | — | $109,815 | — |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Randall Sorrell | Executive Di | $90,000 | $4,500 | $94,500 | 40 |
Source: IRS Form 990 filings. Compensation includes base and other reported compensation.
Get in touch with Council For Economic Development