Formation of the Greater Beloit Economic Development Corporation
The Greater Beloit Economic Development Corporation was officially organized in April 2005 as a result of a merger of the Beloit Economic Development Advisory Council and the Beloit Economic Development Corporation.
This powerful alliance of non-profit organizations will focus on competitive and prosperous growth throughout the region including Beloit, South Beloit, Illinois, Town of Beloit, and Town of Turtle. The GBEDC works with companies that are interested in investing in the community, retaining or creating new jobs and planning business professionals. The GBEDC focuses on establishing an environment that encourages existing companies to remain and expand, using business retention strategies, while also attracting new businesses.
The GBEDC organizes economic activities in the Greater Beloit area. Focusing on: Industrial and Commercial Development, Package Incentives, Marketing, and Job Training.
The GBEDC acts as a liaison to resources that provide for business retention and expansion as well as new businesses, creating and retaining jobs while increasing the tax base. Acting as a voice for the business community, the GBEDC facilitates professional partnerships with local government agencies, utility companies, realtors, and public and private entities.
The GBEDC provides value-added services tailored to meet the needs of members and the community, including financial assistance, such as the revolving loan program and local multi-bank loan pool.