Kane County is setting aside $3 million in federal pandemic relief funds to start the new organization, planned to be a nonprofit partnership between the county government and the private sector.
The Kane County Board on Tuesday voted to set aside $3 million in federal pandemic relief funds to start a new economic development organization. Kane County is setting aside $3 million in federal pandemic relief funds to start a new organization that would encourage economic development throughout the county.
He said in an interview that, once up and running, the organization will coordinate development efforts across the county, keep tabs on market trends, promote development opportunities within the county and help to retain and support existing businesses, among other things. Kane County is also one of the only counties in the region that does not have an economic development organization, according to VanKerkhoff.
The exact details of the organization have not yet been developed, but the idea is that it will have full-time staff members that are led by a board of directors made up of representatives from the private sector and Kane County, according to VanKerkhoff. Work didn’t start to pick up until 2022, when the county received a $150,000 grant from the state to do an economic development strategic plan, according to VanKerkhoff.
She said that, between roughly 500,000 residents, significant stretches of farmland, cities along the Fox River, industry and small businesses, Kane County needs to figure out “what we want to be when we grow up.” The economic development strategic plan is set to do exactly that.
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