Montgomery IL Economic Development Agency

Find Montgomery, Illinois economic development agencies, departments, and corporations. Economic development agencies provide information on resources for economic growth, expansion of local businesses, attracting new business and tourism.

Montgomery Economic Development 1551 Aucutt Rd Montgomery IL 60538 630-897-6748

About Montgomery Economic Development Agencies

Montgomery Economic Development Agencies (EDA's) are government agencies at the Illinois State,, or local level whose mission is to promote business activity and development, attract and retain business, facilitate development that increases employment and the tax base, and encourage an environment in which the economy can thrive in Montgomery, IL.

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

Economic Development Agencies in Montgomery promote Illinois,, or community as a favorable location to do business. They usually work closely with Montgomery Chambers of Commerce and other business groups to market the region for business development. This collaboration often involves creating marketing materials, developing promotional advertising, and organizing Montgomery business expos.

Small Business Support Programs

The Montgomery Economic Development Agency may include an office dedicated to supporting small businesses. The Montgomery government can support small businesses by providing ombudsmen services, helping small businesses work through licensing and permitting requirements, and raising awareness of bidding opportunities on government contracts.

Land Development Programs in Montgomery, Illinois

Montgomery Economic Development Centers actively seek developers for undeveloped land or parcels in need of redevelopment. They market development opportunities, and in cases where obstacles to development exist, they may help identify gap funding or other solutions to impediments such as site contamination. Montgomery EDA's also maintain inventories of available commercial land and commercial building space in order to serve as a matchmaker for developers, landlords, and business owners.

Montgomery Tax Incentives

Montgomery Economic Development Corporations sometimes offer tax incentives to businesses that expand or relocate within their jurisdiction. This strategy is particularly common at the Illinois State level, but it also takes place at the and local levels. Typically, the Economic Development Agency offers a Montgomery tax incentive or tax abatement based on the theory that the new or expanded business will generate job opportunities and thus increase the tax base.

Economic Development Grants & Loans

Montgomery grants and non-traditional loans are also available through Economic Development Agencies. Common grants to businesses include Brownfield Redevelopment grants, facade improvement grants, and Montgomery public improvement grants. A variety of Montgomery loan programs may be accessible through an Economic Development Agency, often at below-market interest rates and with less stringent credit requirements than loans from traditional financing institutions.