FAQs

What is Economic Development?

Economic development is defined by the International Economic Development Council as the intentional practice of improving a community’s economic well-being and quality of life. It includes a broad-range of activities to attract, create, and retain jobs, and to foster a resilient, pro-growth tax base and an inclusive economy. The practice of economic development is comprised of a collaborative effort involving industry, government and myriad community stakeholders.

Why invest in Economic Development in Champaign County?

Economic development is the core of well-being and quality of life for communities across the United States. It encompasses policies, programs, and activities that seek to create and retain jobs and ultimately facilitate economic growth.

The Champaign County EDC works diligently every day to make our county’s economic future as bright as it can be through robust, resilient, and inclusive actions that strengthen our local economy and quality of life.

Do you have a Code of Ethics?

Yes, the Champaign County EDC follows the code of ethics established by the International Economic Development Council.

How is the Illinois Small Business Development Center part of the Champaign County Economic Development Corporation?

The Champaign County Economic Development Corporation is host to the Illinois Small Business Development Center.

The Illinois Small Business Development Center at Champaign County EDC is funded through a cooperative agreement between the U.S. Small Business Administration, Illinois Department of Commerce, and the Champaign County Economic Development Corporation; with additional support provided by EDC of Decatur and Macon County and the Midwest Inland Port.