ECONOMIC GROWTH CORPORATION

Building Stronger Communities: One Life, One Project, One Project at a Time

Economic Growth Corporation (GROWTH) is a national, mission-driven non-profit dedicated to strengthening underserved communities. Since our inception in 1982, we have focused on revitalizing communities through housing development, economic development, and strategic partnerships that create long-lasting opportunity. Our work is built by a shared commitment to strengthening communities by bringing jobs, investment, homeownership, and quality housing to communities that need them most. Our work is rooted in collaboration, community-engagement, and a commitment to aligning every effort with local priorities. We advance our mission through these core areas:

Community Based Development:
GROWTH has a long track record of transforming underserved neighborhoods through strategic housing and commercial development. To date, we have:

Developed 402 units of multifamily rental units
Built 41 new construction homes
Created over 40+ commercial units
Developed 3 business incubators, focused on retail, food, wellness-based entrepreneurs
Constructed a childcare center
Assisted 193 homeowners with essential home repairs

HUD-Approved Housing Counseling Agency:
Designated by the Department of Housing & Urban Development (HUD) since 2003, GROWTH serves as a HUD-Approved Housing Counseling Agency providing free, high-quality housing counseling services delivered by HUD-Certified Housing Counselors that help individuals and families achieve housing stability and homeownership. Our services are set apart from others as GROWTH must undergo rigorous reviews by HUD to maintain our certification, along with our HUD-Certified housing counselors, who must pass a national exam to provide housing counseling services.
To date, our impact includes:

Serving 3,500+ Illinois households to date
Assisting 982+ individuals become successful homeowners in Illinois
Of the total homebuyers assisted, 476+ are Employer Assisted Homebuyers (Live-Work RI), purchasing homes in Rock Island, IL
Delivering foreclosure prevention counseling to more than 1,940+ individuals

Growth General Contracting LLC:
Specializing in the construction of residential and commercial developments by GROWTH, ranging from historic, adaptive-reuse, single-family new construction, commercial, and most recently completing the new construction of a childcare center.

Home Base Property Management LLC :
Responsible for managing residential and commercial rental properties developed and owned by GROWTH, ensuring high quality, long-term property operations.

Central States Development Partners, Inc.:

GROWTH's Community Development Entity, Central States Development Partners deploys New Market Tax Credits (NMTC) to qualified businesses in highly distressed communities nationwide. To date, Central States has:
Deployed more than $321M has been deployed in federal and state NMTC
Supported $1.3 billion in total project costs invested in highly distressed, low-income communities
Help create or retain 18,199 jobs across 15+ states
Provided critical services to over 207,369 low-income individuals

Every development and initiative we take on is built on trust, collaboration, and a shared dedication to strengthening communities. We are grateful for the support of our partners, stakeholders, and residents who help us drive meaningful, lasting change across the nation.