The New London CIC was originally formed in October 1967 and was given the official designation of the village's agent for development.
Since then it has worked closely with local businesses and industries to help with their development. With the help of Huron County Development Council and Ohio Department of Development, it promotes the community to other businesses and industries looking for a location to set-up shop.
The CIC coordinates a Revolving Loan Fund designed to aid business and industry in their development endeavors. Creating more jobs and improving the community are the main part of CIC's mission. Members of the CIC are local and area business, industry and government representatives who volunteer their time and efforts to the agency and give it direction.