LibGuides: Small Business Development Center (SBDC): Local Economic Development Corporations

Carroll County Economic Development

Promotes the expansion and stabilization of the economic base in a way that takes advantage of the County's unique assets, opportunities and strengths.
City of Fulton Economic Development

Featuring Fulton Economic Development Incentives - Enterprise Zone, TIF District, Revolving Loan Fund, and Downtown Historic District.
City of Mendota Economic Development

Featuring Business Park, incentives, TIF, Enterprise Zones, RLF, Demographics and more.
City of Princeton Economic Development

Featuring demographics, information on I-80 TIF district, incentives, major industries, and properties.
Greater Rochelle Economic Development Corporation

The Greater Rochelle Economic Development Corporation (GREDCO) partners with the City of Rochelle and plays a unique and effective economic development role.
Greater Sterling Development Corporation

Coordinates and streamlines economic development efforts in the City of Sterling, Whiteside County and the surrounding areas.
Illinois Economic Development Association

The Illinois Economic Development Association (IEDA) is a statewide professional economic development association that supports advocacy, education and collaboration to enhance Illinois’ global competitiveness. It is governed by a Board of Directors composed of nineteen members elected annually by the membership at-large and who regionally represent the interests of economic developers.
Morrison Area Economic Development Corporation

Promotes and coordinates economic growth and economic development in all areas of the City.
North Central Illinois Council of Governments

The Economic Development District (EDD) currently services the counties of Bureau, LaSalle, Marshall, and Putnam Counties into one redevelopment district. The Comprehensive Economic Development Strategy (CEDS) for the North Central Illinois District represents a combined multi-county effort to bring economic improvement to the area.
Polo Economic Development Corporation

Fosters community and economic growth, development, and an enhanced quality of life and to lessen the burdens of government for residents of the City of Polo and the surrounding area.

Journal Articles

Community Colleges: Drivers of Economic Development in Small Rural Communities
This chapter discusses an innovative state public policy which has incentivized Iowa's community colleges to become the economic drivers of their region. Created in the 1983 legislation, it continues to this day to affect Iowa's rural communities and their colleges. [ABSTRACT FROM AUTHOR]
Higher education institutions and entrepreneurship in underserved communities
This study examines the experiences of business development centers in higher education institutions (HEIs) to promote entrepreneurship in underserved communities. It draws experiences and perspectives from multiple stakeholders to examine the contribution of HEIs toward equitable economic development and social renewal. Based on extensive qualitative data analyses, this study highlights the role of HEIs as anchor institutions and intermediary enablers of economic development in bridging traditionally split efforts between different university missions. The findings contribute to research and practice on entrepreneurship education and universities' engagement in fostering inclusive entrepreneurial ecosystems and equitable growth through entrepreneurship. [ABSTRACT FROM AUTHOR]
The Impact of Venture Capital on the Growth of Small- and Medium-Sized Enterprises in Agriculture
Small- and medium-sized enterprises (SMEs) are considered to have potential innovation capabilities and can create new market opportunities. Venture capital can financially support entrepreneurial activities for economic growth and governs and nurtures the growth of the SMEs. The aim of this study is to investigate the influence mechanism of venture capital on the development of SMEs in agri-food industry. Based on the enterprise growth theory, this study constructed an evaluation model, consisting of technological innovation, profitability, development capability, and solvency, to examine the effect of venture capital on the growth of agricultural SMEs. Using data of 40 agricultural SEMs from the SME and ChiNext boards in China, the empirical analysis has been conducted with the multivariate regression analysis method. The results show that the venture capital can significantly improve the technology innovation, profitability, and growth ability of SMEs. For the solvency of SMEs, the promoting role of venture capital is not obvious. Finally, the practical implications of this study for venture capitalists, entrepreneurs, and regulators are discussed. [ABSTRACT FROM AUTHOR]
PUBLIC POLICIES FOR DISTRESSED COMMUNITIES
Examines public policies for distressed communities in the United States. Scale of federal and state efforts; Changing policy designs; Urban Development Action Grants; Enterprise zones in distressed communities.
Renewing Economically Distressed American Communities
The article discusses the national economic strategy in aiding distressed communities in the U.S. It explores the problems of distressed communities including unemployment, economic contractions during recessions, and falling wages and land prices. It outlines strategy in helping distresses communities including attracting businesses to create jobs, raise wages, and local services, aiding displaced workers and improving policy that speed up recovery as well as matching workers to new jobs.
When I Feel My Business Succeeds, I Flourish: Reciprocal Relationships Between Positive Orientation, Work Engagement, and Entrepreneurial Success
The purpose of this study was to investigate potential reciprocal relationships between entrepreneurs' personal resources—namely, positive orientation—work engagement, and entrepreneurial success. We also investigated stability/change in the levels of these variables over time. We collected data from a sample of entrepreneurs using a longitudinal field study design with three measurement times, at 7-month intervals. The results confirm reciprocal relationships between positive orientation as well as work engagement and entrepreneurial success, evaluated in comparison with other businesses in the same sector and region. Entrepreneurs' positive orientation predicts their evaluation of entrepreneurial success over time, and vice versa—entrepreneurs who experience successes develop their personal resources and work engagement. Upward spirals, consisting in an increase in the variables over time, were not detected. The understanding of the ways in which entrepreneurs' personal resources foster the success of their firms, and vice versa, helps to advance the psychological explanation of entrepreneurship. This knowledge may inform training strategies employed by practitioners supporting entrepreneurs and potentially reduce the costs associated with the collapse of businesses. [ABSTRACT FROM AUTHOR]