The New Castle-Henry County Economic Development Corporation has hired Corey Murphy, who previously served as executive director of the Economic Development Partners in Jefferson County, as its new chief executive officer.

Murphy begins his new job today.

The EDC Board of Directors formally approved hiring Murphy last week. Murphy replaces Bob Grewe, who had left to accept the position in private industry in October 2012.

EDC Board Chairman Mike Broyles said that Murphy's experience, energy and enthusiasm will assist the city and county build on the successes achieved in recent years, including the construction of a speculative building in the industrial park.

"Corey's experience for more than five years in Jefferson County demonstrated his ability to work with both current business and industry as well as attract prospects to the community," Broyles said. "Corey has expressed his excitement of coming to New Castle and Henry County because we have so many assets in place poised for growth."

Murphy was executive director of the Economic Development Partners since 2007. Prior to that, he was community liason for the Indiana Office of Community and Rural Affairs.

"I've driven by your spec building and it's one of the projects that demonstrated to me the levels of collaboration and leadership here," Murphy said. "It certainly holds the flag up and says Henry County is open for business. I'm excited and can't wait to join your team."

The EDC board approved a three-year contract for Murphy with an annual salary of $70,000 and a $2,500 moving allowance. Murphy said he would be coming here immediately while his family would join him following completion of the 2012-13 school year. He and his wife, Nicole, have two boys, one of whom is a fourth-grade student, and want them to finish out the school year.

He graduated from the University of Evansville with a Bachelor of Science degree in political science. He continued his professional development as a graduate of the University of Oklahoma Economic Development Institute and completing economic development training at Ball State University.