Economic Development

About Roscoe

Roscoe, Illinois is situated in Northern Winnebago County, just south of the Wisconsin border.  One of the strongest pulls for residency is it’s excellent school systems.  As a result, Roscoe  has the highest percentage of married couple households with children, 10% higher than the state average.  With over 16,000 people within a 5-mile radius of Roscoe and the median household income of over $68,000, the potential for retail and services businesses is outstanding.

A steadily increasing number of businesses are being established in the Roscoe area to provide needed products and services for the growing population of Northeastern Winnebago County. Opportunity for employment and new business development exists in Roscoe due to it’s continuing growth and pro-business village leadership.  Currently Manufacturing accounts for 34% of the jobs in the area.

Available Sites For Development

http://locationone.com/pages/property_search_illinois

Key Advantages

The Village of Roscoe offers a comparatively low cost of doing business. The
community has a hard-working local and regional labor force. The Village has
land earmarked for both industrial and retail development with access to utilities.
Village incentives include Tax Increment Financing and revolving loan fund.
Roscoe can also help existing and new employers take advantage of regional
and state incentives, including financing and job training assistance.

The Village 2008 Comprehensive Plan Update provides an in-depth view of the
advantages of Roscoe.

(insert comprehensive plan here)

Community Profile

Roscoe is situated in Northern Winnebago County, just south of the Wisconsin border.
The map below shows The Village in relation to a wide geographic area that includes
the Wisconsin border and Boone County. It provides the 1, 3 and 5-mile rings emanating
from the Roscoe Central Business District (CBD) of Hononegah Road and IL-251.

The community touts itself as “Growing With Pride” and its quality of life has made it
the fastest growing area in Winnebago County. Nestled in the rolling hills of Northern
Illinois, it offers a wonderful rural setting with the convenience of a large city. The
easy access to I-90 and IL-251, makes it just minutes from Rockford, Illinois and Beloit,
Wisconsin. Travel time to Elgin, Illinois at I-90 and Randall Road is just an hour (about 55
miles). O’Hare International Airport is only another 28 miles east.1

There is a wide variety of residential housing, including older homes with character,
mid-priced ranch homes in newer, well kept subdivisions to larger ranch and two
story homes located on wooded lots. New developments feature apartment buildings,
townhouses and condominiums.

The education offered by area schools, including Hononegah & Harlem High Schools, is meeting the challenge of excellence and is the main draw for new residents.

From the CBD, Roscoe has one of the highest percentages of married couple households
in Winnebago County (36.8 percent) and one of the highest percent of owner occupied
housing (74.5 percent). The 5-mile radius average household size is 2.83, with nearly
18,500 households. For the 5-mile radius of the CBD, the median 2010 household
income is $68,677, the median home value at $166,014, a per capita income of $28,381
and median age of 38.2 (Note: this study includes separate ESRI data for the I-90/I-39
and Rockton Road interchange, 3.7 miles to the northeast of the CBD.)

Recreation opportunities abound, including Village parks, swimming pools, golf
courses, forest preserves, supervised youth programs, and a recreational path joins
the communities of Roscoe and Rockton along Hononegah Road. Municipal sewer and
water are present in both communities.

Demographics

(insert Roscoe quick facts)

(insert Roscoe graphic profile)

Incentives

The Village of Roscoe will assist its businesses and prospects to take advantage of
existing State of Illinois, Winnebago County and local business assistance programs.

The Village of Roscoe CDAP Revolving Loan Fund

(Available at the Village Hall)

Winnebago County Department of Regional Planning and Economic Development http://www.co.winnebago.il.us/depthome.asp?deptID=1081&pgID=61

Winnebago County Revolving Loan Fund http://www.co.winnebago.il.us/AdvHTML_Uploads/fileUploads/RPED-RevolvingLoanFundApplicationFormandInstructions.pdf

http://www.co.winnebago.il.us/AdvHTML_Uploads/fileUploads/RPED-SmallBusinessLoanProgram.pdf

Winnebago County Tax Abatement Criteria http://www.co.winnebago.il.us/deptHome.asp?deptID=1081&pgID=556

Revolving Loan Job Creation Checklist
http://www.co.winnebago.il.us/AdvHTML_Uploads/fileUploads/RPED-JobCreationMonitoringChecklist.pdf

Rockford Local Development Corporation Programs, SBA 504 Debenture Program http://rldc.us/

The Workforce Connection – Training Grants

http://www.booneandwinnebagowib.org/

State of Illinois Assistance Programs

http://www.rockfordil.com/incentives/p/dir/39

 Starting a Business in Roscoe

For more information about starting a business, contact one of these two
partners:
Rock Valley Community College Small Business Development Center
www.rockvalleycollege.edu/business/sbdc.cfm

SCORE for Northern Illinois

www.northernillinoisscore.org

Zoning Map

(insert zoning map)

Contact Roscoe

David Krienke – Village President 815-509-8984

Sheryl Crowley – Zoning Admin 815-623-2829