Economic Development

The Owen County Economic Development Corporation works hand-in-hand with the Chamber of Commerce to facilitate growth and improvement within Owen County. The team works hard to promote trade, tourism, industry, and quality of life within the community. Whereas the Chamber of commerce promotes the interests of business in their day to day operations, Economic Development focuses on longer-term economic growth.

Getting Busy Working for Owen County

Live, Learn, Play, Grow

Owen County by the Numbers
  • Founded: 1819

  • Population: 20,845

  • Average Age: 45.6

  • High School Diploma or Higher: 853%

  • Total Housing Units: 10,221

  • Median Rent Cost: $490

  • Median Household Income: $49,044

  • Cost of Living Index: 83.7 ( 100=National Avg )

  • Square Miles: 385.30

  • Population Per Sq. Mile: 54.10

  • County Seat: Spencer

  • County Seat Population: 2,248

  • Townships: 13

  • Average Low Temperature: 41.1

  • Average High Temperature: 63

  • Median Temperature: 52

  • Average Rainfall: 48.06”


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Destinations are plentiful in Owen County. Downtown Gosport, the covered bridge at Cataract, the Coal City train depot, and the historic Vandalia Church are just a few of the unique destinations to visit. Here in Owen County, culture, business, and adventure come together to create a distinctive, micropolitan community. With two state parks, the MyPath trail system, White River, world-class art, shops, restaurants, and our historic Viquesney Tivoli Theatre, Owen County offers something for everyone!



Employment opportunities abound in Owen County. Medical device manufacturing is the largest job sector with Boston Scientific and Cook Medical leading the way. Boston Scientific currently has a $62 million expansion underway that will create an additional 350 job opportunities. Cook Medical continues to grow and now has almost 800 employees at its Spencer facility.


While medical device manufacturing is the leading segment of employment in Owen County, the timber industry and related fields have employment opportunities as well. Over 60% of Owen County is forest land. For every ten jobs in the timber industry, an additional eight supporting jobs are created. Brown-Forman built a new barrel stave facility in 2015 and currently has in excess of 40 employees. Forestry and Agriculture combined have seen a remarkable 38.89% growth in the last five years.

What We Do

H.O.P.E. – Helping Owen Professionals Excel is a program offering business start-up consultation or organizational assistance for existing businesses. Whether you need help in formulating a business plan, marketing, financial management, or funding, our team of business professionals is here to help you.

Revolving Loan Fund – Our revolving loan fund can provide low-interest loans of up to $25,000 for start-up or expansion toward equipment, machinery, fixed assets, or structure construction for small businesses in Owen County.

Tax Abatements – The O.C.E.D.C. can assist you in applying for a tax abatement for a new business or an existing business wanting to expand. Depending on the economic impact your project will have on the local economy, this abatement can be up to 10 years in term.

Tax Increment Financing – A TIF (Tax Increment Financing) district reallocates funds from property taxes to encourage investment within the district. Any increase in tax revenues collected as a result of an increase in property values go into a T.I.F. fund and can be used for a wide range of purposes within the T.I.F. district to promote redevelopment.

Government Liaison – The O.C.E.D.C. will act as an emissary between local and state government and your business, promoting partnership and a common vision.

Business Retention & Expansion – Our BR&E (Business Retention & Expansion) Taskforce is constantly working with local businesses to define and address their needs to ensure their success. Special attention is given to small businesses that employ between 2-99 employees.