Elgin Development Group

What Elgin Development Group does

Elgin Development Group (EDG) is a private non-profit economic development organization operating as a division of the Elgin Area Chamber of Commerce and headquartered at 31 S. Grove Avenue, Elgin, Illinois. Founded in 1908 and operating with a 1–10 person staff, EDG provides free, confidential business services to the Elgin, IL business community. Core services include building and site selection, fast-track permitting, business relocation support, workforce recruitment and development, business expansion assistance, international trade support, and resources for entrepreneurs and small businesses. The organization serves a regional market that includes more than 5,800 businesses operating across a $16.6 billion local GDP and a 56,000-worker labor pool.

Name

Elgin Development Group

Legal name

Elgin Development Group

Website

https://elgindevelopment.com

Company type

Private

Founded year

1908

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Elgin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Public-Private Partnership Funding: EDG operates as a division of the Elgin Area Chamber of Commerce with funding through the Advancing Progress program - a public-private partnership between the City of Elgin and leading companies. Corporate sponsors including NTN Bearing, ComEd, Elgin State Bank, Grand Victoria Casino, and others contribute to fund economic development activities.
2. Economic Development Services: All services are provided free of charge to businesses. The organization is funded through the Elgin Area Chamber membership and the Advancing Progress corporate partnership program.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Elgin Development Group (EDG) is a private nonprofit economic development organization that provides free, confidential services to businesses, including building and site selection, fast-track permitting, business relocation support, workforce recruitment and development, business expansion assistance, and international trade resources. EDG operates as a division of the Elgin Area Chamber of Commerce and is accredited by the International Economic Development Council (IEDC) as an Accredited Economic Development Organization (AEDO).

Product overview

Elgin Development Group (EDG) is an economic development organization that operates as a division of the Elgin Area Chamber of Commerce. It does not offer a software product but provides a comprehensive suite of business services including building and site selection, fast-track permitting, business relocation, workforce recruitment and development, business expansion support, international trade assistance, and resources for entrepreneurs and small businesses. The organization also manages specific programs such as the Bridges Program (supporting BIPOC-owned businesses), the Elgin Image Awards (community recognition), and the Advancing Progress public-private partnership initiative. All services are provided free of charge and held in strict confidence.

Differentiator

Problem solved

Functional benefit

Products and services

• Site Selection Services

Quantifiable outcome

• 6.0% commercial vacancy rate (below historical 8.53% average) projected to remain stable
• +2 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

14 partnerships are on record, tiered core, major and minor.

• City of ElgincoreStrategic or Co-development PartnerStrong public-private partnership dedicated to fostering economic development and building a vibrant community. Alliance founded on shared vision of creating thriving business environment, promoting job growth, and enhancing quality of life for residents.
• Elgin Area Chamber of CommercecoreStrategic or Co-development PartnerEDG operates as a vital division of the Elgin Area Chamber of Commerce. Chamber provides organizational infrastructure and membership network for economic development activities.
• International Economic Development Council (IEDC)coreStrategic or Co-development PartnerProfessional accreditation body that recognized EDG as an Accredited Economic Development Organization (AEDO). IEDC is the largest membership association serving economic and community development professionals worldwide with over 5,000 members.
• SCORE Fox ValleymajorStrategic or Co-development PartnerPartnership providing free business mentoring and training. SCORE mentors provide experienced advice, consulting on best practices, and education on small business topics through workshops and online courses.
• Small Business Development Center (SBDC)majorStrategic or Co-development PartnerSBDC Programs deliver professional, high-quality, individualized business advising and technical assistance to existing small businesses and pre-venture entrepreneurs. Provides help with capital access, technology development, and business planning.
• Cook County Small Business SourceminorStrategic or Co-development PartnerProgram connecting small business owners with expert guidance and support to grow and elevate businesses in Cook County.
• U.S. Small Business Administration (SBA)majorStrategic or Co-development PartnerCabinet-level federal agency providing counseling, capital, and contracting expertise. SBA is the nation's go-to resource for small businesses since 1953.
• Gail Borden Public LibraryminorStrategic or Co-development PartnerBusiness Library Card program providing access to Small Business Reference Center, Legal Information Reference Center, and business-related ebooks and audiobooks.
• Illinois Department of Commerce and Economic Opportunity (DCEO)majorStrategic or Co-development PartnerState agency providing grant programs, workforce development, and economic empowerment resources. Programs include CDBG, CEJA Capacity Grants, Economic Empowerment Centers, and Federal Grant Support.
• Elgin Community CollegemajorStrategic or Co-development PartnerWorkforce development partner providing skilled workforce pipeline and training programs for local businesses.
• School District U-46majorStrategic or Co-development PartnerMajor employer and workforce development partner contributing to Elgin's education and talent ecosystem.
• Alignment Collaborative for EducationminorStrategic or Co-development PartnerCommunity partnership focused on educational alignment and workforce preparation.
• Harper CollegeminorStrategic or Co-development PartnerRegional community college providing workforce training and educational programs.
• Judson UniversityminorStrategic or Co-development PartnerPrivate university in Elgin contributing to higher education and talent development.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Greater Pittsburgh Chamber of Commerce: Regional Chamber with an integrated economic development division offering site selection, workforce, and small business services very similar to EDG. Most directly comparable as a Chamber-of-Commerce-led EDO at city/regional scale.
• Invest Atlanta: Municipal economic development authority for the City of Atlanta providing business attraction, retention, expansion, and incentive services through a public-private funding structure analogous to EDG's City of Elgin partnership. Closest match in terms of single-city scope and operating model.
• Cincinnati USA Regional Chamber: Regional Chamber of Commerce operating an economic development division with site selection, small business support, and DEI programs closely paralleling EDG's portfolio. Strong peer given comparable Chamber-divisional structure.

Broad incumbents

• Greater Houston Partnership: Regional economic development organization representing the 12-county Houston region with a public-private funding model very similar to EDG's Advancing Progress program. Comparable in mission (business attraction, retention, expansion) and structure, but operates at materially larger geography and budget.
• Detroit Regional Partnership: Public-private economic development partnership promoting business attraction across the Detroit region. Operates a similar site selection, workforce, and incentives portfolio to EDG, but at multi-county scale and with substantially larger corporate sponsor base.
• Metro Denver Economic Development Corporation (Denver Metro Chamber): Regional EDO embedded within a metro Chamber of Commerce, providing site selection, workforce, and business attraction services funded through a public-private partnership. Closely aligned institutional model to EDG's Chamber-divisional structure.
• San Diego Regional Economic Development Corporation: Public-private regional EDO providing business attraction, retention, and expansion services to a single metro area. Closely aligned with EDG in mission, free service delivery, and corporate-funded model.
• Greater Cleveland Partnership: Regional Chamber of Commerce and economic development hybrid serving Northeast Ohio with site selection, workforce development, and advocacy services closely paralleling EDG's portfolio. Demonstrates how a mid-sized city-level EDO scales the model EDG operates at city level.
• Greater Austin Chamber of Commerce: Regional Chamber with an economic development division focused on business attraction, retention, and expansion in a single metro. Directly comparable Chamber-divisional structure to EDG, but operating in a much faster-growth market.
• Greater Phoenix Economic Council: Regional economic development organization funded by a public-private partnership model that mirrors EDG's Advancing Progress structure. Comparable mission and services (site selection, workforce, expansion) but with much larger sponsor network and geographic scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/ElginDevelopmentGrp
• Facebookfacebook.com/ElginDevelopmentGroup
• LinkedInlinkedin.com/company/elgin-development-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elgin Development Group