Champaign Economic Department in Champaign, Illinois

Popularity:#1 of 3 Economic Development Agencies in Champaign County#40 of 66 Economic Development Agencies in Illinois#953 in Economic Development Agencies

Champaign Economic Department Details

Address and Phone Number for Champaign Economic Department, an Economic Development Agency, at North Neil Street, Champaign IL.

Champaign Economic Department
102 North Neil Street
Champaign, Illinois, 61820

Map of Champaign Economic Department in Champaign, Illinois

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Economic Development Agencies Nearby

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About the Champaign Economic Department

The Champaign Economic Department, located in Champaign, IL, is a government agency that promotes business activity and development in the Champaign 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 Champaign. The EDA also offers small business support programs and land development programs.

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

The Economic Development Office promotes the Champaign County area for business development, highlighting Champaign as a favorable location to do business. The EDA works closely with Champaign 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 Champaign 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 Champaign, IL

In Champaign, 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 Champaign Economic Department maintains an inventory of available commercial land and commercial building space in Champaign 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 Champaign County permitting requirements, and connect small businesses with bidding opportunities for government contracts.

Economic Development Grants & Loans

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

Champaign 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 Champaign County level, or the Champaign level. The Economic Development Office offers tax incentives or tax abatements on the theory that new businesses or expanding businesses generate job opportunities in Champaign County and thus increase the tax base.

Contact the Champaign Economic Department

You may contact the Champaign Economic Department by calling 217-378-8535, or by addressing inquiries to the office mailing address: Champaign Economic Department, 102 North Neil Street, Champaign, Illinois, 61820.