New Lenox Economic Development in New Lenox Illinois

Address and phone number for New Lenox Economic Development, an Economic Development Agency, at Veterans Parkway, New Lenox IL.


Name
New Lenox Economic Development
Address
1 Veterans Parkway, New Lenox, Illinois, 60451
Phone
815-462-6470
Hours
Open Daily 7:00 PM-11:59 PM

About the New Lenox Economic Development

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

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

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

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

Economic Development Grants & Loans

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

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

Contact the New Lenox Economic Development

You may contact the New Lenox Economic Development by calling 815-462-6470, or by addressing inquiries to the office mailing address: New Lenox Economic Development, 1 Veterans Parkway, New Lenox, Illinois, 60451.


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