Henry Economic Development in Henry Illinois

Address and phone number for Henry Economic Development, an Economic Development Agency, at Front Street, Henry IL.


Name
Henry Economic Development
Address
514 Front Street, Henry, Illinois, 61537
Phone
309-364-3261

About the Henry Economic Development

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

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

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

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

Economic Development Grants & Loans

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

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

Contact the Henry Economic Development

You may contact the Henry Economic Development by calling 309-364-3261, or by addressing inquiries to the office mailing address: Henry Economic Development, 514 Front Street, Henry, Illinois, 61537.


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