Grundy Economic Development Council NFP

The Grundy Economic Development Council NFP is a nonprofit organization dedicated to fostering economic growth and development in Grundy County, Illinois. Established with the goal of improving business conditions, the council operates as a business league, similar to chambers of commerce or real estate boards.

History and Mission

Since its inception, the council has been involved in efforts to enhance the local economy. It serves as a primary resource for investors, site selectors, and industry leaders looking to locate or expand their businesses in Grundy County. The council plays a key role in promoting the county's strategic advantages, including its proximity to Chicago and access to significant transportation infrastructure.

Economic Development Initiatives

The council focuses on industrial retention and expansion, aiming to create a favorable business environment. It maintains an inventory of available properties suitable for industrial and commercial development, which supports the growth of businesses in the area.

Strategic Framework and Partnerships

In recent years, the council has been part of broader economic planning initiatives, such as the Advancing Grundy Economic Diversification and Resiliency Plan. This plan emphasizes economic resiliency, collaboration, innovation, sustainability, and equitable growth, reflecting the council's commitment to a holistic approach to economic development.

Financial Overview

As a nonprofit, the council relies primarily on contributions and program services for its revenue. In recent years, contributions have constituted the majority of its income, while program services also play a significant role. The council's expenses are largely directed towards salaries and wages for personnel involved in carrying out its mission.

Programs and Incentives

The council works closely with state and local authorities to facilitate access to economic incentives and resources. Its activities are designed to support a motivated and skilled workforce, leveraging the county's access to major transportation corridors and its location near major urban centers.

Overall, the Grundy Economic Development Council NFP plays a vital role in shaping Grundy County's economic landscape by fostering partnerships, promoting strategic development, and ensuring a business-friendly environment.