Downers Grove Economic Development Corporation
- Company typePrivate
- Founded2006
- HeadquartersDowners Grove, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
Downers Grove Economic Development Corporation firmographics
Firmographics- Name
- Downers Grove Economic Development Corporation
- Legal name
- Downers Grove Economic Development Corporation
- Website
- https://dgedc.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Downers Grove Economic Development Corporation industry classification
Industry- Product category
- Economic Development Services
- SIC
- Services-Membership Organizations (8600)
- akta.pro primary industry
- Community Foundations (BPAGAKAB)
Keywords
Where Downers Grove Economic Development Corporation is headquartered
LocationHeadquarters
- HQ city
- Downers Grove
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Downers Grove Economic Development Corporation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Investor/Membership Program: The EDC is funded through investor memberships from local businesses and organizations. Companies pay to become investors, which provides them visibility and connection to economic development activities.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Downers Grove Economic Development Corporation product offering
Product offeringCore offering
The Downers Grove Economic Development Corporation promotes economic development and tourism for the Village of Downers Grove by retaining existing businesses and attracting new ones. It delivers free consulting-style services including site location assistance, project approval and review process facilitation, incentives navigation, financing coordination, workforce development support, and connections to utilities, transportation, and local resources. The organization is funded through an investor membership program with local businesses and institutions, with the Village of Downers Grove as its founding investor.
Product overview
The Downers Grove Economic Development Corporation (DGEDC) is an economic development organization, not a product-based technology company. It does not offer products or services in the traditional SaaS/technology sense. Instead, DGEDC provides economic development resources including community profile information, available commercial/industrial/office sites, workforce data, demographics, investor relations, and business attraction/retention services to The Village of Downers Grove. The organization facilitates connections between businesses and community resources such as utilities, transportation, financing options, and incentive programs.
Differentiator
Problem solved
Functional benefit
Products and services
- Business Retention and Expansion Support
- Business Attraction Services
- Investor Membership Program
Companies that use Downers Grove Economic Development Corporation
Customer profileNamed customers9 records
Segments2 records
Ideal customer profiles3 records
Downers Grove Economic Development Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Downers Grove Economic Development Corporation partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Village of Downers GrovecoreThe Village of Downers Grove is the founding investor and primary government partner, providing municipal support and collaboration for economic development initiatives.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
Downers Grove Economic Development Corporation competitors and assessment
Company assessmentDirect peers
- Bolingbrook Area Chamber of Commerce: Local chamber serving Bolingbrook, IL — another nearby DuPage County community offering overlapping business retention, networking, and advocacy services directly comparable to the DGEDC's scope.
- Naperville Economic Development: City-level economic development function serving Naperville, IL — a nearby DuPage suburb directly competing with Downers Grove for corporate site selections, healthcare investments, and commercial real estate deals.
- Hinsdale Chamber of Commerce: Local chamber serving Hinsdale, IL — an adjacent DuPage County community providing comparable business support, retention, and community economic development services to the DGEDC.
- Village of Schaumburg Economic Development: Municipal economic development function for Schaumburg, IL — a similar Chicago northwest suburban community offering business attraction, retention, and incentive services directly comparable to the DGEDC model.
- Choose DuPage: County-level economic development organization serving DuPage County — the same submarket as Downers Grove — providing overlapping business attraction, retention, and incentive services at a broader geographic scale.
- Aurora Economic Development Commission: Municipal economic development organization for Aurora, IL — another DuPage-adjacent community with overlapping business attraction, retention, and incentive programs competing for the same regional investment pool.
- Woodridge Economic Development Commission: Adjacent DuPage County suburb's economic development function providing comparable business attraction and retention services within the same competitive geography as Downers Grove.
Broad incumbents
- Greater Chicago Chamber of Commerce: Regional chamber serving the Chicago metropolitan area with networking, policy advocacy, and economic development functions complementary to — and overlapping with — municipal EDOs like the DGEDC.
- World Business Chicago: Public-private economic development partnership serving the broader Chicago metropolitan region; competes for the same large institutional projects (like hospital expansions) but operates at citywide scale rather than municipal scope.
- Illinois Chamber of Commerce: Statewide business advocacy organization with significant economic development and policy functions serving Illinois — operating at a broader scale but addressing overlapping concerns around business climate, incentives, and corporate attraction.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Downers Grove Economic Development Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Downers Grove Economic Development Corporation leadership team
Management profileNumber of profiles
Downers Grove Economic Development Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Downers Grove Economic Development Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Downers Grove Economic Development Corporation
What does Downers Grove Economic Development Corporation do?
The Downers Grove Economic Development Corporation promotes economic development and tourism for the Village of Downers Grove by retaining existing businesses and attracting new ones. It delivers free consulting-style services including site location assistance, project approval and review process facilitation, incentives navigation, financing coordination, workforce development support, and connections to utilities, transportation, and local resources. The organization is funded through an investor membership program with local businesses and institutions, with the Village of Downers Grove as its founding investor.
Is Downers Grove Economic Development Corporation a public or private company?
Downers Grove Economic Development Corporation is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Downers Grove Economic Development Corporation founded?
Downers Grove Economic Development Corporation was founded in 2006. It employs 1 to 10 people.
Where is Downers Grove Economic Development Corporation based?
Downers Grove Economic Development Corporation is headquartered in Downers Grove, United States, in the North America region.
How does Downers Grove Economic Development Corporation make money?
One revenue line is on record: investor/Membership Program.
Who are Downers Grove Economic Development Corporation's main competitors?
Direct peers on record are Bolingbrook Area Chamber of Commerce, Naperville Economic Development, Hinsdale Chamber of Commerce, Village of Schaumburg Economic Development, Choose DuPage, Aurora Economic Development Commission and Woodridge Economic Development Commission. Broad incumbents are Greater Chicago Chamber of Commerce, World Business Chicago and Illinois Chamber of Commerce.
Does Downers Grove Economic Development Corporation have an API?
No public API is recorded for Downers Grove Economic Development Corporation.
What industry is Downers Grove Economic Development Corporation in?
Downers Grove Economic Development Corporation's product category is Economic Development Services. Its primary akta.pro industry code is BPAGAKAB, Community Foundations. Its SIC code is 8600.