We all come from diverse backgrounds—from independent contractors, entrepreneurs, small businesses and large corporations, to family-owned, minority-owned, and women-owned businesses. United, we become a single, unifying force with the power to shape the future of the Aurora region.
Aurora, Illinois’s second largest city, is ideally situated along the historic Fox River. Founded in 1857, Aurora is rich in history. The city’s strengths are its strategic location in the Fox Valley and Chicagoland area, its robust talent pool and workforce, and its wide range of affordable and flexible commercial real estate options that make it a prime location for a variety of companies.
Aurora is built for business. Aurora’s economy is bolstered by a diverse collection of large- and small-scale companies that employ our highly educated workforce across industries, including professional, scientific, technical services, transportation, logistics, and warehousing, and healthcare. Leaders in Aurora’s public and private sectors work together to build a sustainable, economically friendly business environment. From internationally recognized companies to innovative local startups, Aurora is where thriving businesses choose to be. The goal of the Aurora Regional Economic Alliance is to promote economic development in this unique community that we call home.
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The strategic plan is grounded in direct engagement with stakeholders—businesses, community leaders, educators, and Alliance staff—through focus groups, interviews, workshops, and surveys. TIP Strategies is combining this input with market research to conduct an economic assessment, benchmarking Aurora against peer regions and analyzing key industries. These insights will shape tailored strategies and best practices to move the Alliance forward and elevate the region’s economy.
The strategic plan will prepare both an economic development roadmap and an organizational framework for the Alliance. It will:
The objectives of the strategic plan include the following:
Community Engagement: Engaging with community, business, and academic leaders to identify key priorities for the new organization
Action Planning: Designing initiatives, action steps, and metrics to advance the priorities identified by the stakeholder engagement
Economic Research: Researching and analyzing industries that currently influence Aurora’s economy, identifying assets and challenges, and drafting an economic development strategic plan with specific outcomes
Future Industry Readiness: Creating strategies to position Aurora for success with the industries building the economy of tomorrow that include quantum computing and artificial intelligence
Talent Alignment: Preparing recommendations for the Alliance as it relates to the talent needed to accomplish the goals and objectives set forth in the strategic plan
The strategic plan will deliver a clear, actionable framework to guide the Alliance’s work and strengthen the Aurora region’s economy—these are the key outcomes you can expect from this effort.