Overview
What is City Of Gary Economic Development Corporation?
The City of Gary Economic Development Corporation (GEDC) is a vital nonprofit organization situated in Gary, Indiana. Its primary mission is to stimulate job creation within the city by actively pursuing business attraction, expansion, and retention. GEDC has forged partnerships with prominent companies, such as United Parcel Service, providing employment opportunities for local residents. Additionally, the corporation is engaged in combating community deterioration by fostering economic growth and collaborations between the business sector and local government. GEDC's initiatives extend to charitable and educational activities aimed at alleviating blight and improving the city's overall quality of life. In 2015, GEDC established a strategic relationship with Carmeuse Lime and Stone, investing in a green facility, and partnered with Garmong Construction to build industrial space in the Buffington Harbor area. Moreover, GEDC plays a significant role in the development of the University Park Neighborhood and Campus Plan, focusing on rejuvenating a 7.5-square-mile area surrounding Indiana University and Ivy Tech Community College.
Official website here: www.cityofgaryedc.com
Is City Of Gary Economic Development Corporation legitimate?
City Of Gary Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Of Gary Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Official website here: www.cityofgaryedc.com
What is the mission statement of City Of Gary Economic Development Corporation?
The City of Gary Economic Development Corporation (GEDC) is dedicated to reducing unemployment and combating community deterioration. They achieve this by assisting and enabling the retention, attraction, and expansion of businesses within the city. GEDC promotes stability, economic growth, and fosters partnerships between the government and the business community. The corporation also works towards recruiting new businesses into the area and conducts charitable and educational activities to alleviate blight in the community. In 2015, GEDC established a partnership with United Parcel Service to provide job opportunities for local residents. They have also been involved in initiatives like City of Gary for Life, an anti-violence program, and the development of the University Park Neighborhood and Campus Plan. Additionally, GEDC has collaborated with Carmeuse Lime and Stone and Garmong Construction for various projects.
Official website here: www.cityofgaryedc.com
Who is the CEO of City Of Gary Economic Development Corporation?
Bill Outlar is the President of City Of Gary Economic Development Corporation.
Official website here: www.cityofgaryedc.com
What is the revenue of City Of Gary Economic Development Corporation?
City Of Gary Economic Development Corporation's revenue in 2022 was $95,838.
Official website here: www.cityofgaryedc.com
Who are the executives of City Of Gary Economic Development Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.cityofgaryedc.com
Where can I find the form 990 for City Of Gary Economic Development Corporation?
City Of Gary Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cityofgaryedc.com
Learn more at the official website: www.cityofgaryedc.com
Mission Statement of City Of Gary Economic Development Corporation
The City of Gary Economic Development Corporation, abbreviated as GEDC, is committed to reducing unemployment in Gary, Indiana, by assisting and enabling the retention, attraction, and expansion of businesses. Its primary goal is to combat community deterioration, promote stability, and foster economic growth by forging partnerships between the government and the business sector. GEDC actively recruits new businesses into the Gary area, striving to create job opportunities and enhance the quality of life for local residents.
In addition to its business-focused initiatives, GEDC engages in charitable and educational activities aimed at alleviating blight within the community. This involves collaborating with various organizations to improve the overall well-being of Gary residents. For instance, in 2015, GEDC established a partnership with United Parcel Service (UPS) to conduct job fairs, offering employment opportunities to Gary residents at UPS's facility in Hodgkins, IL. Moreover, GEDC has collaborated with the City of Gary for Life, an anti-violence initiative aimed at reducing crime and improving the residents' quality of life.
In its efforts to develop the city, GEDC has taken on projects such as the University Park Neighborhood and Campus Plan, which aims to redevelop a 7.5 square mile footprint surrounding Indiana University and Ivy Tech Community College. GEDC has also continued its relationship with Carmeuse Lime and Stone, investing $10 million into a green facility, and with Garmong Construction to build industrial space in the Buffington Harbor area of Gary. These initiatives demonstrate GEDC's ongoing commitment to creating a thriving business environment and improving the quality of life for Gary residents.
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Impact
October, 2024
The City of Gary Economic Development Corporation (GEDC) significantly contributes to the economic landscape of Gary, Indiana, by focusing on job creation and business growth. Through targeted efforts in business attraction, expansion, and retention, GEDC aims to reduce unemployment and enhance the quality of life for residents.
One of GEDC's notable accomplishments includes forming a partnership with United Parcel Service, facilitating job fairs that have successfully connected local residents with employment opportunities as package handlers. This initiative not only provides vital income for individuals but also helps in stabilizing the local economy.
Further enhancing the community, GEDC collaborates with initiatives like "Gary for Life," which targets crime reduction and promotes a safer living environment. The corporation is actively engaged in real estate development projects, such as the University Park Neighborhood and Campus Plan, aimed at revitalizing a 7.5 square mile area around Indiana University and Ivy Tech Community College, fostering educational and economic opportunities.
Collaborative projects with companies like Carmeuse Lime and Stone, which is investing $10 million in a green facility, and Garmong Construction, focused on building industrial spaces in the Buffington Harbor area, illustrate GEDC's commitment to attracting investment that fosters long-term growth and sustainability in the local economy.
Overall, the GEDC plays a pivotal role in combating community deterioration, promoting economic stability, and facilitating partnerships between government and the business sector, thereby fostering a robust economic environment in Gary.
This information is meant to be a general summary of City Of Gary Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $25,600
- Program Service Revenue: $20,362
- Gross Receipts: $168,381
Assets and Liabilities:
- Total Assets: $5,249,561
- Total Liabilities: $9,992
- Net Assets: $5,239,569
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Reimbursements
Revenue
$11,202
ArtHouse
Revenue
$9,160
Organization Details
Founding Year
1992
Principal Officer
Bill Outlar
Main Address
401 Broadway Suite 301, Gary, IN, 46402
Website
www.cityofgaryedc.comNTEE Category
Code: A80 - Arts
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