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Non-Profit Organization Guides Beloit Economic Growth and Brings Business to Greater Beloit

By Kelly Church

The Greater Beloit Economic Development Corporation (GBEDC) is the region's primary economic development organization (EDO). The GBEDC is a private non-profit public/private partnership that focuses on growth in the region. The organization leads efforts for business retention, expansion, and workforce development.

Beloit itself sits in a unique location. Located on the Illinois and Wisconsin state line, there are three interstate systems that converge in the city (I-39, 45, and 90), making it an excellent location for accessing major markets, raw materials, and a regional workforce.

Growth in Beloit over the course of the last 10 years has been robust," Janke says. "Equally so, has been the diverse nature of this growth with new companies locating and expanding across many industry sectors from high tech to logistics, to advanced manufacturing."

Janke continues to list a few prominent additions to the Beloit area: NorthStar Medical Radioisotopes, Pratt Industries, Toledo Molding and Die, Frito-Lay, Chicago Fittings, DuPont, Midwest Refrigerated Services, Kettle Foods and Ecolab, for example. The organization targets a few traditional industries specifically: advanced manufacturing, food processing and technology, healthcare, logistics, plastics. Recently the organization has also began to focus on high tech business development due to recent successes in that market sector.

Greater Beloit Economic Development Corporation has assembled a highly skilled and effective economic development team with a history of being able to close on complex economic development projects. One of the chief resources this team offers is the access to prime sites in the Gateway Business Park. This park has over 400 acres of land available for mixed-use development. Much of the available industrial land has been certified "shovel ready."

The team is able to offer competitive incentive packaging that has included providing qualified clients with fully improved industrial site for as little as $1.00, access to capital financing, job training assistance, tax credits, and industrial revenue bonds.

"Our goal is to continue to play up our strengths and recent gains," Janke says. "We will continue to aggressively pursue all economic development opportunities particularly those that support and add to our targeted industries of advanced manufacturing, logistics, food processing/ technology, plastics, and high tech." We will continue to promote our excellent location, skilled and ready workforce, premiere certified shovel ready sites, competitive incentive packaging and a commitment to rapidly respond to our clients' needs."

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