2009 Progress Report

ECONOMIC DEVELOPMENT

CITY OF PEORIA, ILLINOIS

EXECUTIVE SUMMARY

2006-2009

· Partnered with Peoria’s medical community to develop the:

------- Illinois Medical Center Clinic

------- Long Term Acute Care Hospital

------- OSF Children’s Hospital

------- Methodist Hospital Expansion

------- Illinois Eye Care

------- Heart Care Midwest


· Developed the Innovation Center to incubate high tech business


· Continued implementation of the Heart of Peoria Plan


· Continued marketing campaign for Renaissance Park


· Developed the Southern Gateway Plan


· Prepared the River Trail Drive Redevelopment Plan


· Developed the Green Edge Plan


· Adopted the Eagle View and Warehouse TIF


· Sixteen TIF developments approved or in process


· Prepared Site for Museum/Caterpillar Visitor—BUILD THE BLOCK !!!


· Continued commercial expansion on War Memorial


· Developed Prospect and Sheridan Road Revitalization Plan


· Facilitated eleven façade improvement requests


· Developed the Hospitality Improvement Zone for Hotels


· Seven Enterprise Zone expansions and 251 improved buildings


· Persuaded all HOP governments to join the Enterprise Zone


· Updated Comprehensive Plan and Economic Deve

lopment Strategy


· Assisted the start up and expansion of numerous businesses


· Worked to retain existing business


· Low interest loans of $880,000 creating and/or retaining 467 jobs