Resources for Reopening our Region
The decision to reopen a business involves the difficult balance of considering the safety of employees and customers with the economic viability of the business. It also includes the accessibility of established and new supply chains.
This information is strictly for reference.
Grow Your Business Here
The Rockford Region is an ideal place for businesses looking to expand and thrive, particularly those in the aerospace, healthcare, and advanced manufacturing industries.
Companies have the opportunity to enjoy property tax abatements, investment tax credits, state tax exemptions, dividends deductions, and more. Read our incentives page to learn more about available programs.
The Rockford Region has established nimble, industry-specific, and customized education-to-workforce pipelines ensuring the region has the skilled workforce essential to fulfilling the requirements of jobs that are good today, tomorrow, and in the future.
The Rockford Region is home to four tier-one companies and more than 250 suppliers within a 90-minute radius. Our current collection of companies serves aerospace industry leaders such as AAR, Boeing, and Airbus. These businesses are world-renowned corporations focused on designing, manufacturing, maintenance, overhaul, and selling aerospace products.
Advanced Manufacturing Industry
The Rockford Region is also ideal for manufacturing companies. Businesses located here understand the importance of quality and consistency. The region’s long history of making things transfers these qualities from automotive, to aerospace, and to medical device manufacturing. From large scale, long run parts to customized small runs our region has a company that can do it.
We even offer a great pool of suitable manufacturing sites. In fact, the construction engineering company Carter and Burgess conducted a study that found that the Rockford area is an optimal location for site selection.
We are within miles of four interstates and four major railroads, along with several airports, including the Chicago Rockford International Airport and Chicago O’Hare International Airport. With proximity to these major distribution resources, companies can transport their products with speed and efficiency.
Your Opportunity Region
The Rockford Region is an excellent location for aerospace, advanced manufacturing, automotive, logistics, healthcare, hydraulics and customer service call centers.
At one time the Rockford Region was a center of excellence for farm implement and furniture manufacturing. The combination of these industries allowed Rockford to diversify into machine tools, heavy machinery, automotive, aerospace, fasteners, cabinet hardware, packaging devices, and toys.
Our Incentive Zones target areas such as River Edge Redevelopment Zones and lots that are currently sitting empty, and offer benefits such as lowered property taxes or a rebate based on the improved value of a property after a renovation.
Many Qualified Sites or shovel ready sites are located within Enterprise Zones or TIF Districts.
- Incentive Zones
– Enterprise Zones
– TIF Districts
– Opportunity Zones
- Tax Credits and Exemptions
- Workforce Training
- Flexible Financing
- Energy Efficiency
Welcome to the Rockford Area Economic Development Council
The RAEDC markets the region to attract new capital investment, while assisting existing business with resources for sustainable growth. We work closely with many partners to improve the competitiveness of our region by taking what we learn from the region’s employers and the community in the daily work of economic development. The RAEDC also serves as the area’s data collection agency on all new capital investment, new and retained jobs, and new or renovated space.
The Rockford Area Economic Development Council (RAEDC) cultivates opportunities for primary job growth that increase the economic well-being of our region.
A Bold Vision for the Future
Throughout the nation and communities like ours, focus is paramount in times of global competitiveness and economic uncertainty. RAEDC remains committed to continuous improvement, always evaluating our priorities to ensure we’re asking the right questions and pushing for the right solutions. We will be proactive in cultivating opportunities to increase the economic well-being of our region.