Hancock County recognized for economic vitality
4 Sep 2019
Hancock County has received a AAA rating from Fitch Ratings and an AA+ rating from S&P Global Ratings for its 2019 local income tax lease rental bonds.
Hancock Economic Development Council’s executive director Randy Sorrell traveled with county councilmen Jim Shelby and Bill Bolander and the county’s financial consultant, Greg Guerrettaz, to Chicago a few weeks ago to meet with representatives from the ratings agencies and discuss the county’s economic vitality.
The Fitch Rating is based on the county’s solid revenue growth prospects, ample control over expenditures, low long-term liability burden and sizable reserve cushion.
“The bond rating analysts’ glowing comments about Hancock County’s economy confirmed what we already believed to be true,” says HEDC Executive Director Randy Sorrell. “Hancock County’s economy is growing; it is strong; and it is expected to continue its upward trajectory. We are proud of all of the great things happening in Hancock County and are happy that Fitch and S & P have recognized us for it.”
Hancock County has a population of approximately 75,000 and is located east of Indianapolis, along Interstate 70. The county has experienced steady population growth of more than 65% from 1990.
Hancock Economic Development Council is proud to serve the communities of Hancock County, Indiana.
For more information, contact Executive Director Randy Sorrell at 317-477-7241 or e-mail firstname.lastname@example.org.