Business Development
Economic Development
Any time you see a new or expanding commercial or industrial business in Aurora, the chances are good that the Aurora Economic Development Commission (AEDC) helped make it happen. This agency, formed in 1981 by the City of Aurora and Aurora Chamber, has worked to attract scores of new businesses to the Community, increasing the tax base and multiplying the numbers of jobs available to residents of Aurora and communities for miles around.
Businesses in the city are diversified, thanks to the AEDC’s efforts to look for variety. This affords companies an ample supply of goods and services and assures professionals, trades workers and laborers of finding jobs with large and small, privately owned and public Fortune 500 companies.
This diversity also provides a stable economic climate in Aurora and surrounding communities throughout the Fox Valley area.
The AEDC does not concentrate solely on new development. It also is concerned about the Central City that, like those in larger communities, has gone through tremendous changes during the past few decades.
But, unlike many communities, Aurora is seeing a turn-around in the Central City thanks in part to efforts of the AEDC to attract new service-type businesses and investment to development opportunities in Central City and neighborhood business districts. Among the recent additions to our downtown are Ballydoyle Irish Pub and Waubonsee Community College downtown campus. There also is a resurgence of residential development downtown, assuring Central City businesses of a captive customer base. Including Shodeen’s East Bank Development and more.
This area-wide economic growth has resulted in a record number of new housing starts throughout the city, making Aurora one of the Midwest’s fastest growing communities. New housing starts mean more available housing for homebuyers in price ranges from moderate to one million dollars and higher.
The growing population assures employers they can find the workforce they need and gives businesses a large customer base.
None of these elements can do the job by themselves. They all work as a team — the AEDC, Chamber of Commerce, City of Aurora, financial institutions, commercial, industrial and residential developers, realtors, educational institutions, employers, employees and residents.
Click here to download a copy of the Business Resource Guide.
For more information on the Economic Development Commission, visit their website.
