Assistance for Businesses:
Facade Improvement Program
For information regarding the City’s Fade Improvement Program, please visit the Facade Improvement Program page here.
Revolving Loan Fund
The City of Genoa is proud to be able to provide a Revolving Loan Program to downtown businesses in an effort to enhance the downtown and promote economic development within the community. This program provides direct financing to businesses at a below-market, fixed rate of interest in cooperation with loans made through private financing. This program is designed to assist with the retention and growth of the existing commercial base and provide needed financial assistance to new and expanding businesses. Eligible uses for loan proceeds include:
- Purchase of a building
- Leasehold improvements
- Purchase of machinery/equipment/furniture
For application materials, please click here.
Prior to submitting an application, a pre-application meeting with Staff is required. Please contact Assistant City Administrator Alyssa Seguss at (815) 784- 7106 to schedule a meeting.
The City of Genoa currently has qualifying locations within the DeKalb County Enterprise Zone. Per a resolution from Director Jim Schultz of the Illinois Department of Commerce & Economic Opportunity (DCEO), the DeKalb County Enterprise Zone HAS BEEN CERTIFIED as of 12/17/15. As designated Zone Administrator, the DeKalb County Economic Development Corporation will work with DCEO and the Illinois Department of Revenue to establish administrative procedures for operating the Zone and qualifying beneficiaries. To visit the DCEDC’s Enterprise Zone informational page, click here.
Click here for more information about the incentives and benefits of DeKalb County’s Enterprise Zone.
Click here for a map of Genoa’s Enterprise Zones.
Don’t see what you’re looking for? Give us a call!
Small Business Resources
Below are local small business resources, in addition to the City of Genoa’s Economic Development Department.
DeKalb County Small Business Resources
We’re here to connect you to information and resources to make your entrepreneurial enterprise a success.
Economic Development Coordinator
Community Development Department
Phone: (815) 895- 7188
Illinois Small Business Development Center at Waubonsee College
Through the SBDC, small business owners, both prospective and existing, can obtain essential management, marketing and financial coaching. We offer no-cost one-on-one coaching and a wide variety of low-cost events and workshops to help make your business a success.
Phone: (267) 275- 6950
For annexations, amendments to the zoning ordinance, zoning map amendment, appeals to the Unified Development Ordinance, special use permits, variations, preliminary or final plats of subdivision, or preliminary and/or final planned unit developments, please use a Development Application.
About Economic Development
Genoa is an award-winning city, with the benefits of both an urban and rural community. Genoa is situated within just twenty minutes of I-90, I-39 and I-88, all of which allow access to urban areas such as Chicago and Madison. Passenger rail to Chicago is also just 20 minutes away and O’Hare airport can be reached within an hour. Chicago is 60 miles away and Rockford just 15 minutes. Illinois’ second-largest public university, Northern Illinois University, can be reached in 20 minutes. Genoa has a market area of 35,000.
Locally, the City of Genoa has an excellent school system, a thriving downtown and housing for all incomes. The community is ideal for families with many community events, parks and activities. The City is also welcoming of business through tax incentives and a proactive Chamber of Commerce. Genoa offers the benefits of a long established City, with planning for the future, in addition to small town friendliness.