Heath Development Corporation

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Heath Development Corporation
Type Holding company
Industry Land Development
Founder(s) Orion II, et. al.
Key people Henri Rechaud
(Chairman and CEO)
Subsidiaries HDC Credit Union
HDC Construction

Heath Development Corporation, or HDC, is a state-owned land development corporation initiated by Orion II, Grand Duke of Lac Glacei, as a means of direct investment into developing the infrastructure of Heathersland and Eesdeheito. The company is the primary recipient of contracts for road construction, housing development, bridges, railways, and other improvements. Subsidiaries include the HDC Credit Union, a local lending institution, and HDC Construction, which focuses primarily on housing. The Grand Duke served as CEO of the corporation until his death in 1713, having chaired the company for forty-five years. Although the company had floated the idea of appointing the Grand Duke's successor, Augustin, as the new CEO, public outcry over conflict of interest led to the board appointing another. In 1714 the board appointed Henri Rechaud, a longtime project manager with HDC, as the new CEO. Despite the divestment of the company's management away from the Grand Duke, the royal family still owns a majority stake in company stocks.

Amethyst Mining

With the expansion of Eesdeheito in 1696 to include much of the former territory and the northern heath belt, HDC established headquarters in Fiskbat and began exploratory drilling to expand its amethyst mining operations. Early samples, and smaller historic mines, indicated large veins of the semi-precious gem located directly below much of the northern bedrock, especially outside of Markbuurg and Fiskbat. HDC essentially holds a monopoly on the market, and began large-scale global exportation of amethyst in late 1697.

In an arrangement made with the local government, HDC has been privately contracted by the state corrections department which provides them with laborers for the mines as part of a penal labor plan where prisoners can work in exchange for time served to reduce their overall sentences. This injection of labor has helped propel HDC to the lead in global amethyst production and provided significant revenue for shareholders.

An amethyst mine in Eesdeheito