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, IL, and Town of Beloit. The GBEDC works with companies that are interested in investing in the community, retaining or creating new jobs and encourages existing companies to expand while attracting new businesses. The GBEDC focuses on establishing an environment that encourages existing companies to retain and expand, using business retention strategies, while providing value-added services tailored to meet the needs of the community.
The GBEDC organizes economic activities in the Greater Beloit area. Focusing on: Business Retention/Recruitment, Industrial/Commercial Development, Incentive Packaging, Marketing, and Workforce Development.
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, educators, 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 local multi-bank loan pool.