The Mount Carroll Community Development Corporation Team would like to welcome you to our first newsletter of many. For those of you who don’t know who we are, this is a brief introduction and for those who are familiar with us, this may serve as an update on our progress as a group.
The Mount Carroll Community Development Group was formed as a non-profit entity and incorporated in 2000. We are comprised of many dedicated volunteers with a common vision for the future of our community: positive growth, progress and a sustainable economy. Our funding comes from donations provided by private citizens, the City of Mount Carroll, the Mount Carroll Chamber of Commerce, Mount Carroll civic organizations and those utilities that service our community.
The CDC has been and continues to be instrumental in much of the progress Mount Carroll is making towards our vision: The CDC was instrumental in bringing the developers of Timber Lake Resort and Campground (TLR) into our area and assisted in extending the Enterprise Zone as an incentive towards escalating their growth.
We have since helped in extending the Enterprise Zone a second time to 3 parcels of land within the city limits. They are the Campbell Center property, Team Products property and the Metform property.
The CDC participated with the City in creating a Tax Increment Financing (TIF) District that encompasses most of the southern portion of Mount Carroll and extends north to include the downtown retail district. Without these incentives we would not be able to bring Metform into Mount Carroll.
The City of Mount Carroll and the CDC cooperated in obtaining a Community Development Assistance Program (CDAP) loan for Team Products in the amount of $180,000.00. This enabled that company to expand their physical facility, purchase machinery and hire 5 to 10 additional employees. Because of the incentives available to them, Team Products is anticipating another expansion program in the near future.
The Mount Carroll CDC is broken up into committees to better concentrate on tasks within certain areas that have been identified for completion. We have a Commercial & Residential Committee, a Finance Committee, a Marketing Committee, an Executive and General Board as well as a Land Development Committee. Each one of these committees has been comprised of dedicated volunteers who are committed to making sure the CDC can remain effective and fulfill its duties for the purposes intended.
To find out more about the progress we are helping our community make, please feel free to contact us by phone at 815-244-1239. We always welcome inquiries, volunteers and donations.
We hope you enjoy this newsletter and we look forward to future publications keeping you up to date on our community progress!
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