Grow Your Business Here
The Rockford Area Economic Development Council works diligently to cultivate and advance business development in the Rockford Region. We strongly believe that this is an ideal place for businesses looking to expand and thrive, particularly those in the aerospace and manufacturing industries.
The Northern Illinois Workforce Alliance recently completed a study, interviewing and polling employers in the service, commercial, and industrial sectors. Nearly 91 percent of those interviewed rated the productivity of the Rockford workforce as anywhere between good to excellent. Along with a highly skilled workforce, we also offer other incentives.
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.
With over 50,000 engineers within 90 miles of our area and four international airports within 60 to 90 minutes, we are a prime location for aerospace companies. Our current collection of companies serves industry leaders such as Boeing and Airbus. Both businesses are world-renowned corporations focused on designing, manufacturing, and selling aerospace products.
The Rockford Region is also ideal for manufacturing companies. We are within miles of four interstates and four major railroads, along with several airports, including the Chicago O’Hare International Airport. With proximity to these major distribution resources, companies can transport their products with speed and efficiency.
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.
Your Opportunity Region
Rockford’s industrial history begins with its rise to national prominence in furniture manufacturing. At one time no less than 25 firms were located in the region, making it the second largest cluster in the US. Rockford was also a center of excellence for farm implement manufacturing. The combination of these industries allowed Rockford to diversify into: machine tools, heavy machinery, automotive, aerospace, fasteners, cabinet hardware, packaging devices, and toys.
The Rockford Region is now considered an excellent location for aerospace, advanced manufacturing, automotive, logistics, healthcare, hydraulics and customer service call centers.
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
- Tax Credits and Exemptions
- Workforce Training
- Flexible Financing
- Energy Efficiency
Welcome to the Rockford Area Economic Development Council
The role of the Rockford Area Economic Development Council (RAEDC) is to collaborate with regional stakeholders to cultivate opportunities for primary job growth that increase the economic well-being of our region. The RAEDC markets the region to attract new capital investment, while assisting existing business with resources for sustainable growth. The RAEDC works closely with many partners to improve the competitiveness of the region by taking what it learns from the region’s employers and engaging the community in the daily work of economic development. As the economic development organization for the region, the RAEDC also serves as the area’s data collection agency on all new capital investment, retained and created quality jobs, and renovated commercial/industrial space.
The Rockford Area Economic Development Council (RAEDC) cultivates opportunities for primary job growth that increase the economic well-being of our region.
Rockforward20/20 Strategic Plan
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.