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Business & Commerce Commerce and Economic Development in Monmouth
We invite you to visit our community nestled in the cornfields of west-central Illinois. We are proud of our historic town, our regional businesses and our economic future. We realize that a healthy and prosperous rural community in the 21st century can only be the result of the entire community and region working together.
If you are looking to start or grow your business within the City of Monmouth, the City is here to help. Please call Administrator Eric Hanson at 309-734-2141. If you are looking for detailed community data and business assistance services, your first stop is the Western Illinois Economic Development Partnership (WIEDP) website. If you are interested in regional opportunities in Warren County, WIEDP will be your guide.
Choose Our Local Businesses - It Benefits All of Us!
The City of Monmouth encourages our residents to consider choosing our local establishments when shopping or dining. When local businesses are frequented, they are able to grow and prosper and the business community is strengthened, which translates to more jobs available in our area. We recently have been fortunate to have a number of businesses choose to make Monmouth their home and we hope this trend continues as developers realize that Monmouth is a great site in which to locate a business.
There are other benefits to keeping our shopping and dining local:
1) Local shopping generates sales tax revenue for the City's General Fund, which pays for city services we all enjoy.
2) Surveys indicate local businesses provide better customer service and care.
3) Local shops can create distinctive shopping experiences and may be quicker to respond to your needs than businesses not located here.
4) Purchasing locally re-circulates your money through our community to keep it growing and prospering.
5) Shopping locally can save travel time as well as conserve fuel, which reduces our carbon footprint on the environment and makes us less dependent on foreign oil!
6) Local businesses support our charities, schools, churches and community events.
As you can see, it is very important to choose Monmouth businesses whenever possible. Your loyalty not only benefits the businesses, but also helps Monmouth grow and prosper into the future.
Economic Incentives
We work hard to make sure your new or existing business will do more than survive here in Monmouth--we want you to thrive! To that end, we have a number of tools available to help you get your business started or take your existing business to the next level. Please contact us and we'll discuss how to help you become another Monmouth success story.
Enterprise Zone
The city administers the Enterprise Zone which is a program designed to stimulate economic growth and neighborhood revitalization. Incentive package includes special financing options, tax credits and reduced fees to name a few.
Enterprise Zone Incentives
Enterprise Zone Map
Revolving Loan
A loan program administered by the city and governed by an independent board of directors provides financial assistance to new or expanding businesses in Monmouth to secure public benefit for the residents of Monmouth by developing a stronger economic base and expanded job opportunities.
Revolving Loan Brochure
Revolving Loan Guidelines
Revolving Loan Application
Facade Program
A collaborative effort between the City of Monmouth and the Monmouth Area Chamber of Commerce to provide special financing as an incentive to improve the appearance of the downtown business district. For every dollar invested by the business, the program will finance two dollars at a rate of 3% interest. Eligible projects must be exterior improvements to existing structures.
Downtown Facade Brochure
Downtown Facade Guidelines
Downtown Facade Application
Tax Increment Financing (TIF) District
City administered finance and planning program designed to renovate declining areas, redevelop blighted areas and expand the tax base of those areas.
Tax Increment Financing Map
Tax Increment Financing Benefits Details
For more information:
Please contact Eric Hanson.
Phone: (309) 734-2141
Fax: (309) 734-4943
Email: eric.hanson@cityofmonmouth.com
Monmouth Business Council
Monmouth Business Council, meeting the second Wednesday of each month, is a group of individuals interested in promoting the community of Monmouth and its businesses. Currently there are four active committees working within the Monmouth Business Council:
1) Events - assisted IH Mississippi Valley Credit Union with holding the Movies in the Park this summer (look for other events to come)
2) Building/Programs
a)created the Building Grant Fund program available to businesses in the downtown TIF area for upgrades to their buildings (see Grant program brochure file below)
b)developing a list of buildings available for new businesses to locate
3) Beautification
a) flower baskets, pots and planters
b) tree plantings sponsored by individual businesses (by Welcome to Monmouth sign on the east edge of Monmouth)
c) banners sponsored by various local businesses in the downtown area
4) Marketing - developing a strategy for the promotion of our community and its businesses.
Next project for the Monmouth Business Council is Christmas lighting and events.
Please join us in promoting Monmouth! Call Kim Sheetz-Zugmaier with questions.
For more information:
Please contact Kim Sheetz-Zugmaier.
Phone: 309-734-3231
Email: Kim.Zugmaier@ftr.com
Related file: Grant program brochure.pdf
Monmouth Area Chamber of Commerce
The Monmouth Area Chamber of Commerce works for the betterment of our progressive community. The Chamber's mission is to provide value to our members through advocacy, leadership and service by providing a vigorous economic climate for the business community.
Link: http://www.monmouthilchamber.com/
Warren County Businesses
This directory, maintained by the Western Illinois Economic Development Partnership, provides a comprehensive listing of the hundreds of businesses that call Warren County home.
Link: http://www.wiedp.org/wiedp_view_set.php
Western Illinois Economic Development Partnership
The Western Illinois Economic Development Partnership (WIEDP), a non profit, public-private organization, is a one-stop shop for information and assistance in locating or expanding a business in Warren County.
The WIEDP has an active Board of Directors representing the local public, private and community sectors and is managed by a professional staff.
Link: http://www.wiedp.org/index.php
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