Overview
What is Land Of Lincoln Economic Development Corporation?
The Land of Lincoln Economic Development Corporation, operating under the name Springfield Sangamon Growth Alliance, is a nonprofit organization based in Springfield, Illinois. Their primary mission is to foster economic growth and prosperity for Sangamon County and the city of Springfield by creating a financially stable community. They achieve this by attracting new businesses and skilled talent, while also retaining existing profitable companies and their local workforce. To achieve these goals, the corporation has grown its Business Retention and Expansion (BRE) program, encouraging businesses to expand and providing them with necessary resources. Their community marketing campaign has been successful, with over 5 million views of digital marketing efforts. Employment levels in the metro area have surpassed pre-pandemic levels, and average wages have shown significant increases. Additionally, major energy developments, such as the $800 million Double Black Diamond Solar Development, are underway. The corporation also engages with national site selection consultants to promote business attraction opportunities and locations in the community.
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Is Land Of Lincoln Economic Development Corporation legitimate?
Land Of Lincoln Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Land Of Lincoln Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $199,498
Professional Fundraising Fees: $0
Other Salaries and Wages: $282,467
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Official website here: www.thriveinspi.org
What is the mission statement of Land Of Lincoln Economic Development Corporation?
The Land of Lincoln Economic Development Corporation's mission is centered around fostering economic prosperity and growth. Their objective is to create a financially stable community that can attract new businesses and skilled talent, while retaining the existing profitable companies and their local workforce. The corporation aims to establish a thriving business environment, encouraging business expansion and connecting them to necessary resources. Their efforts have led to the success of the Business Retention and Expansion (BRE) program, community marketing campaigns, and significant increases in employment and average wages. Major energy developments, such as the Double Black Diamond Solar Development, are also underway.
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Who is the CEO of Land Of Lincoln Economic Development Corporation?
Sarah Phalen is the Chair of Land Of Lincoln Economic Development Corporation.
Official website here: www.thriveinspi.org
What is the revenue of Land Of Lincoln Economic Development Corporation?
Land Of Lincoln Economic Development Corporation's revenue in 2022 was $1,565,148.
Official website here: www.thriveinspi.org
Who are the executives of Land Of Lincoln Economic Development Corporation and what are their salaries?
The average compensation at Land Of Lincoln Economic Development Corporation during 2022 was $120,491. There are 4 employees at Land Of Lincoln Economic Development Corporation.
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Official website here: www.thriveinspi.org
Where can I find the form 990 for Land Of Lincoln Economic Development Corporation?
Land Of Lincoln Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thriveinspi.org
Learn more at the official website: www.thriveinspi.org
Mission Statement of Land Of Lincoln Economic Development Corporation
The Land of Lincoln Economic Development Corporation, in its mission, strives to foster economic prosperity and growth in Sangamon County and the city of Springfield. This nonprofit organization aims to create a financially stable community that can attract new businesses and skilled talent, while simultaneously retaining the existing profitable companies and their local workforce. By doing so, the Land of Lincoln Economic Development Corporation seeks to establish a thriving economic environment that benefits the community as a whole.
In pursuit of this mission, the corporation has actively engaged in various initiatives. One of their primary efforts is the Business Retention and Expansion (BRE) program, which they have continued and expanded upon. Through these BRE meetings, the corporation encourages existing businesses to expand their operations and connects them to resources that can aid in their growth. Additionally, the Land of Lincoln Economic Development Corporation has successfully executed a community marketing campaign, resulting in over 5 million views of their digital marketing efforts. This campaign, along with the community's engagement and significant increases in average wages, has helped Sangamon County surpass its pre-pandemic employment levels.
The corporation's efforts have also extended to major energy developments, such as the $800 million Double Black Diamond Solar Development, which broke ground in October 2022. Furthermore, Land of Lincoln Economic Development Corporation has made numerous visits with national site selection consultants to raise awareness of the community's business attraction opportunities and locations. Through these initiatives, the Land of Lincoln Economic Development Corporation is actively working to drive economic growth and prosperity in the community it serves.
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Impact
October, 2024
The Land Of Lincoln Economic Development Corporation (LLEDC) has played a pivotal role in fostering economic prosperity and growth in Sangamon County and the city of Springfield. By focusing on creating a financially sound community, LLEDC aims to attract new businesses and skilled talent while ensuring the retention of existing profitable companies and local workforce.
One of LLEDC's significant accomplishments is the expansion of its Business Retention and Expansion (BRE) program, which began in 2021. This initiative provides essential support to local businesses, offering resources to encourage growth and expansion. The program's success is evident in the engagement and participation of businesses during BRE meetings, which helps facilitate valuable connections.
Moreover, LLEDC's community marketing campaign has also proven effective, garnering over 5 million views through its digital marketing efforts. This outreach not only raises awareness about opportunities in the region but also showcases the community as an attractive location for potential businesses.
The economic landscape in the area has shown promising indicators, with total employment increasing by more than 2% over the previous year—outpacing pre-pandemic levels—and average wages witnessing significant growth. Such developments reflect a thriving job market that engages the workforce effectively.
Additionally, major investments in energy, notably the $800 million Double Black Diamond solar development that broke ground in October 2022, highlight LLEDC's commitment to sustainability and innovation in economic development.
Through proactive efforts, including numerous visits to national site selection consultants, LLEDC has raised awareness about business attraction opportunities within Springfield, demonstrating its ongoing commitment to enhancing the local economy and supporting community improvement initiatives.
This information is meant to be a general summary of Land Of Lincoln Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,813
- Gross Receipts: $1,565,148
Assets and Liabilities:
- Total Assets: $2,327,244
- Total Liabilities: $202,191
- Net Assets: $2,125,053
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Organization Details
Founding Year
2018
Phone
(217) 679-3500Principal Officer
Sarah Phalen
Main Address
531 E WASHINGTON STREET, SPRINGFIELD, IL, 62701
Website
www.thriveinspi.orgNTEE Category
Code: S41 - Community improvement
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