Peoria's economic development mission is to build a diversified local economy that will create a strong and sustainable community in which residents are able to work, shop, and be entertained. Here are ways in which the Peoria Economic Development Services Department partners with businesses and developers:
On Dec. 7, 2010, the Peoria City Council adopted the Economic Development Incentive and Investment Policy (EDIIP) to formalize the city’s intent to pursue targeted economic development. The purpose of the city’s EDIIP is to establish guidelines and procedures for the regulation and coordination of the city’s economic development financial investments, as well as to create a return on investment analysis template that will be applied to each eligible project.
Peoria also has one of the most streamlined and customer-oriented permit and approval processes, with economic, site, and building development housed in the same department. To provide the best service to businesses and developers, we enhanced our standard review process to include two programs to expedite eligible projects: the Fast Track Program and the Expedited Program. The Fast Track Program facilitates the development of specific projects at no extra charge. Projects that are put on the program are assigned to a special team from the city that will expedite the review process. Contact us at 623-773-7735 to find out if your project is eligible. Development projects that do not meet the eligibility requirements for the Fast Track Program maybe eligible for the Expedited Program. This is a fee-based program where a staff member is assigned to the project to shepherd it through the process, coordinating directly with the developer to compress review times. For more information about the Expedited Program, please contact the permitting counter at 623-773-7225. Please call 623-773-7210 for site development questions or 623-773-7225 for building development questions.