Economic Development

MCDC promotes economic growth through innovative solutions.  Check out some of the ways that we are building economic opportunity within the center city.

Commercial & Economic Development

Employment

MCDC has created more than 25 jobs through its programs and services. During the summer months, we also employ youth and young adults ages 14-21. For current employment opportunities CLICK HERE

Commercial Space

The Memorial Shopping Plaza is located at 535 Lincoln Ave. and was acquired in 2014. The property currently leases to a Dollar Tree franchise. If you are interested in moving your business to the plaza please contact our office at 812-423-2500. Serious inquiries only.    

Black Chamber

MCDC understands the support that is needed to start or maintain a business and launched the Black Chamber in 2016. The Black Chamber is a resource for small business owners, entrepreneurs, and leaders. The volunteer organization is currently seeking passionate leaders to spearhead the important work of the black business community. 

 

Memorial Community Federal Credit Union

LEARN. SAVE. GROW.

 

The proposed Memorial Community Federal Credit Union was approved by NCUA to organize a charter in 2014. The purpose of the credit union is to provide affordable loans to the community coupled with financial education and savings accounts. In our field of membership,  predatory lenders are taking advantage of vulnerable underserved populations. We are committed to providing alternatives that make a positive impact on our community. 

Micro Loan Program

Small Loans for Business Owners/Entrepreneurs

 

The micro-loan program disbured 8 loans totaling $25,000 to small business owners in Evansille, Indiana; with a 55% repayment rate. Businesses that were awarded funding received assistance with business planning and other resources.

Subway Restaurant

The Subway Restaurant was one of the first fast food eateries developed in the center city. MCDC has owned the Subway business for more than 15 years. This development demonstrated that the center city is a viable market where businesses can thrive.