Illinois State Economic Development in Petersburg Illinois

Address and phone number for Illinois State Economic Development, an Economic Development Agency, at Old Salem Road, Petersburg IL.

Illinois State Economic Development
809 Old Salem Road, Petersburg, Illinois, 62675

About the Illinois State Economic Development

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

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

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

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

Economic Development Grants & Loans

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

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

Contact the Illinois State Economic Development

You may contact the Illinois State Economic Development by calling 217-632-3137, or by addressing inquiries to the office mailing address: Illinois State Economic Development, 809 Old Salem Road, Petersburg, Illinois, 62675.

Map of Illinois State Economic Development in Petersburg Illinois

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