Annawan Economic Development in Annawan Illinois

Address and phone number for Annawan Economic Development, an Economic Development Agency, at North Meadow Drive, Annawan IL.

Annawan Economic Development
200 North Meadow Drive, Annawan, Illinois, 61234

About the Annawan Economic Development

The Annawan Economic Development, located in Annawan, IL, is a government agency that promotes business activity and development in the Henry County area. The Economic Development Agency (EDA) attracts and retains business, promotes development to increase employment and the tax base, and encourages a thriving economic environment in Annawan. The EDA also offers small business support programs and land development programs.

You may contact the Economic Development Office for questions about:
  • Annawan Economic Development programs and services
  • City and community development
  • Job creation, training, and workforce development
  • Henry County Economic Development funds
  • EDA grants and funding
Annawan Business and Workforce Development

The Economic Development Office promotes the Henry County area for business development, highlighting Annawan as a favorable location to do business. The EDA works closely with Henry County Chambers of Commerce and business groups to market the region for business development. To promote business, the EDA creates marketing materials, creates promotional advertising, and organizes Henry County business expos. In addition to business development, the Economic Development Office promotes workforce development through job creation programs and training opportunities.

Land Development Programs in Annawan, IL

In Annawan, the Economic Development Center seeks developers for undeveloped land or areas in need of redevelopment. They market development opportunities and identify obstacles to development, such as site contamination or a lack of funding. The Annawan Economic Development maintains an inventory of available commercial land and commercial building space in Annawan to match developers, landlords, and business owners with prime locations.

Small Business Support Programs

As part of its business development agenda, the Economic Development Agency offers small business support programs. These programs provide ombudsmen services, support small businesses with licensing and Henry County permitting requirements, and connect small businesses with bidding opportunities for government contracts.

Economic Development Grants & Loans

The Economic Development Office administers Henry County grants and loans. These include Brownfield Redevelopment grants, facade improvement grants, and Henry County public improvement grants. Businesses can also qualify for Henry County loan programs, often with below-market interest rates and less stringent credit requirements than business loans from traditional financing institutions.

Henry County Tax Incentives

In Illinois, the Economic Development Corporation administers tax incentives for businesses that expand or relocate within the jurisdiction. Funding for tax incentives may come from the Illinois state level, the Henry County level, or the Annawan level. The Economic Development Office offers tax incentives or tax abatements on the theory that new businesses or expanding businesses generate job opportunities in Henry County and thus increase the tax base.

Contact the Annawan Economic Development

You may contact the Annawan Economic Development by calling 309-935-6264, or by addressing inquiries to the office mailing address: Annawan Economic Development, 200 North Meadow Drive, Annawan, Illinois, 61234.

Map of Annawan Economic Development in Annawan Illinois

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