Program areas at Downers Grove Economic Development Corporation
2022 program service accomplishments activities of the dgedc include business attraction (facilitating new business top open in the village), business retention (working with existing businesses to ensure satisfaction), visitors attraction (promoting Downers Grove as a destination for visitors), and marketing (creation of materials, websites, etc., participation in trade shows, and advertising). Following are highlights of the many program service accomplishments of the dgedc during 2022: advocate medical group completed a major renovation of their cardiology department at 3825 highland avenue to better serve the Downers Grove area community athletico completed the build out for their new physical therapy facility at 1117 ogden avenue. Vequity real estate developed the multi-tenant building at 1111-1117 ogden avenue. At home furnishings opened in august at 1212 75th street in the Grove shopping center. At home now occupies the former ultra foods space. Bold insight signed a lease and completed the build out of 9,000 sq. Ft for a new usability testing facility and additional corporate offices at 2001 butterfield road in the esplanade at locust point. Bridge industrial completed construction of bridge point Downers Grove iii at 5300 belmont road. Shortly after completion of the property, lec event technology signed a lease for 69,720 sq ft of the 126,445 sq ft building and occupied the space in december. Flavorchem completed buildout of the former aerial gymnastics club at 1516 brook drive. The new 15,000 sq ft space includes offices and warehousing areas. Higher ground education completed redevelopment of the former sears hardware facility at 925 ogden avenue. Higher ground opened their new 11,850 sq. Ft. day care center at the site in august. Illinois bone and joint completed the build out of their new 7,756 sq. Ft. medical facility at 1034 warren in downtown Downers Grove. Kfc completed both interior and exteriors renovations to their retail restaurant at 1450 75th street in the Grove shopping center. Kore investments completed major renovations to the lobby and improved amenity areas at 3500 lacey road. La-z boy furniture opened in june at 1410 butterfield road in butterfield plaza. La-z boy completed a complete interior renovation of the 16,000 sq ft. retail space. Lantern pizza co. Opened for business at 1420 ogden avenue, in the 1,789 sq ft former enterprise rent-a-car. Lantern opened in july after a complete remodel of the interior space. Leffelman meat center opened at 4952 main street in the downtown. Leffelmans is a family-owned butcher specializing in quality meats, and small batch sausages. Meadowbrook shopping center was purchased by stellco properties. Stellco is working on a redevelopment agreement with the village for the rehabilitation of the center. Plans to be reviewed at a village board meeting in 2023. Noodles & co. Completed the build out for its new restaurant at 1101 ogden. Vequity real estate developed the multi-tenant building at 1101-1117 ogden avenue. Panera bread completed construction on their new location with a drive-thru at 7361 lemont an outlot in the Downers park plaza shopping center. Planet fitness opened in october their new 21,000 sq ft gym at 2055 63rd street in the meadowbrook shopping center. Pugi hyundai completed the remodel and expansion of their dealership at 1866 ogden avenue. Roadrunner sports completed a renovation of their 2,612 sq ft retail store at 1532 butterfield road in the finley square shopping center. Ross builders completed construction of fairview station at 5117 fairview. The company construced a new 18-unit apartment building on the site of a long vacant gas station. Super cheer & dance studio opened at 7221 lemont road. Super cda has filled the long vacant walgreens store and providing more families and foot traffic in the Downers park place shopping center. Symmetry energy solutions completed build out of their new 9,600 sq ft offices in esplanade at locust point. T-mobile completed the renovation of their 2,000 sq ft retail store at 504 ogden avenue. T-mobile completed the renovations of their 30,000 sq ft corporate offices at 1400 opus place in the corporate towers west office park. Tropical smoothie completed the build out of their new restaurant at 1111 ogden avenue. Vequity real estate developed the multi-tenant building at 1101-1117 ogden avenue. Ugn automotive completed the build out of their 21,643 sq ft corporate headquarters at 2650 warrenville road in the corridors business park. Holladay properties began construction of a 122-room woodspring suites hotel at 2751 ogden. In addition to the 48,660 sq. Ft. hotel, holladays Development plan includes a restaurant site. The dgedc advertised in many state and regional publications, including the state of Illinois Economic Development guide and the dupage travel guide. The dgedc completed its fourth year in the tourism partnership with the dupage convention and visitors bureau. The dgedc hosted its annual brokers reception in november to promote Downers Grove as a great partner to the broker and Development communities. Also, the dgedc hired its new president & ceo in september, filling the position left vacant since april 2022.
Personnel at Downers Grove Economic Development Corporation
Name | Title | Compensation | Date of data |
---|
Bryan Gay | President and Chief Executive Officer | $48,891 | 2023-10-25 |
Michael Cassa | Past President and Chief Executive Officer | $166,176 | 2021-12-31 |
Michael Riordan | Director and Tre | $0 | 2022-12-31 |
Ken Malinowski | Director and Vic | $0 | 2022-12-31 |
Robert L Fernandez | Director and C | $0 | 2022-12-31 |
...and 2 more key personnel |
Financials for Downers Grove Economic Development Corporation
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $430,000 | $501,372 | -14.2% |
Program services | $47,000 | $62,680 | -25% |
Investment income and dividends | $410 | $127 | 222.8% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $328 | $0 | 999% |
Total revenues | $477,738 | $564,179 | -15.3% |
Organizations like Downers Grove Economic Development Corporation
Organization | Type | Location | Revenue |
---|
Greater Muskegon Econ Development | 501(c)(6) | Muskegon, MI | $720,236 |
Chaffee County Economic Development Corporation | 501(c)(6) | Salida, CO | $337,507 |
The Enterprise Group of Jackson | 501(c)(6) | Jackson, MI | $1,045,436 |
Daviess County Economic Development Corporation | 501(c)(6) | Washington, IN | $260,391 |
Lake Superior Community Partnership | 501(c)(6) | Marquette, MI | $728,201 |
Strategic Economic Development Corporation of the Mid-Willamette Valley | 501(c)(6) | Salem, OR | $1,197,091 |
Shenandoah Economic Development Corporation | 501(c)(6) | Shenandoah, IA | $269,727 |
Central Vermont Economic Development Corporation | 501(c)(6) | Montpelier, VT | $295,591 |
Pike County Economic Development Corporation | 501(c)(6) | Troy, AL | $382,974 |
Marion Economic Development Company | 501(c)(6) | Marion, IA | $882,633 |
Data update history
November 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 27, 2023
Updated personnel
Identified 3 new personnel
November 26, 2023
Used new vendors
Identified 1 new vendor, including
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 4, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
MembershipsReceives government fundingManagement and technical assistance
General information
- Address
- 5159 Mochel Dr
- Downers Grove, IL 60515
- Metro area
- Chicago-Naperville-Elgin, IL-IN-WI
- County
- DuPage County, IL
- Website URL
- dgedc.com/Â
- Phone
- (630) 729-0380
IRS details
- EIN
- 87-0772222
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2006
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
Free account sign-up
Want updates when Downers Grove Economic Development Corporation has new information, or want to find more organizations like Downers Grove Economic Development Corporation?
Create free Cause IQ account