News

Opportunity Zones in NW IL

Savanna, IL is preparing for investment using federally-designated Opportunity Zones.

For a map of Opportunity Zones in northwest Illinois, visit https://www.illinois.gov/dceo/Pages/OppZn.aspx.
 
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NW Illinois Opportunity Zones

NW Illinois Economic Development's applications for two federally-designated Opportunity Zones in Stockton, IL and Savanna, IL were approved! Opportunity Zones provide investment opportunities in designated zones in order to reduce or eliminate a prior capital gain.

For a map of Opportunity Zones in northwest Illinois, visit https://www.illinois.gov/dceo/Pages/OppZn.aspx.

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2018 Entrepreneurial Scholarship Award

Our first-ever Build it • Grow it Entrepreneurial Scholarship for high school seniors is awarded to...
 

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2018 NW Illinois Economic Development Collaboration Awards

The 2018 Collaboration Awards featured a 138-year old business, a nonprofit serving 16 counties, and a volunteer collaborator who convinced 50 citizens to provide $2,500 each, and to volunteer their time and talent by buying and rehabilitating old structures in their downtown.
 
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NW Illinois Economic Development Annual Meeting

What commonalities do 100-year-old small and mid-size businesses share? Vicki TenHaken, professor of management at Hope College, shared her research into not only sustainability but survivability during times of crises at the 2018 NW Illinois Economic Development Annual Meeting.
 
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Measuring Economic Progress in Rural Regions

As we think about measuring success for economic development in rural areas, we are realizing the goal posts are not only moving, but morphing. Jason Vangalis and Ashley Scray of Ady Advantage, explained the shift after attending the International Economic Development Council's 2017 Annual Conference and Strategic Planning Workshop in Toronto.

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