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Business attraction is the most publicized and visible economic development tool because it creates many jobs at one time.  Also, the attraction of new businesses into an economy quickly increases the tax base and diversifies the local economy, while also focusing media attention on the community. Read more... 

Healthy communities have strong, healthy businesses, and business retention programs have become a popular economic development tool of communities nationwide. Read more... 

Infill and redevelopment tools enable communities to stimulate new development and investment into existing urban and suburban areas that already have services. Read more… 

Workforce development for economic development purposes refers to efforts to train individuals for specific jobs associated with targeted industries as dictated by end-user needs, as well as to provide job placement assistance. Read more… 

Peoria’s small business program is designed for businesses with fewer than 100 employees. These businesses vary in size and character, but distinguish themselves by being innovative, flexible, and strongly tied to the community. Read more…  

On October 19, 2010 the City Council voted to approve the implementation of the Old Town Commercial Rehabilitation Program. The Program is designed to promote and assist with the improvement of targeted Old Town commercial properties through site and exterior building rehabilitation by providing 100% funding for the rehabilitation of eligible properties in return for a 20-year facade easement. Read more…