| |
|
|
|
| Recent Developments |
 |
New Checklist to Aid Business Start-Ups
January 27, 2011
The Marengo Economic Development Commission is pleased to present a checklist designed for business start-ups in Marengo. In the checklist, you will find required and recommend actions for any new business in the area. The checklist includes required business registrations, helpful actions, and free places to list your business in local and internet directories. It also lists a few interesting facts about running a business in Marengo and a full list of free services offered by the Marengo Economic Development Commission. Click here to view the checklist. |
| |
Small Business Job Tax Credit
January 24, 2011
Wondering if the time is right to add the next position to grow your small business? Act now and earn a tax credit. Click here to view a .pdf flyer regarding the program.
Small businesses are the foundation of a great economy. To help spur on your success, the State of Illinois is offering tax credits when you create a new, full-time position. After hiring the employee, your business can apply online to receive a $2500 tax credit against withholding taxes which will be awarded after July 1, 2011. The credits are available on a first-come, first-served basis.
To apply, simply go online to jobstaxcredit.illinois.gov. You'll need to provide basic information including your FEIN. In a year, eligible companies will receive a tax credit certificate. For eligibility requirements for the Illinois Small Business Job Creation Tax Credit, and to register a new position created by your company, visit http://JobsTaxCredit.illinois.gov.
|
| |
Gus Macker is Comming!
December 11, 2010
The Marengo-Union Sports Facility Corporation, a collaborative organization between several youth sports, has found a source of funding to help them build their new sports complex. The Sport Facility Corporation (no affiliation with the Lakewood Sports Complex) has recently signed a 20-acre land lease at $1 per year from a local family. To help fund the new youth sport center, the group has signed a three-year contract with Gus Macker 3-on-3 basketball tournament. This weekend tournament, for 2011, will be held on June 25th and 26th in Marengo. This event, like many others in the Marengo area, promises to bring several thousand visitors. With such a large influx of people, there are advertising opportunities available. Contact the Marengo-Union Sports Complex Corporation to learn more about these opportunities. To learn more about Gus Macker visit their website at www.macker.com. |
| |
Wastewater Plant Engineering Begins
December 10, 2010
The Marengo City Council ratified an agreement with McMahon last month to engineer a wastewater treatment plant upgrade from 900,000 gallons per day to 2,250,000. This new plant is estimated to cost $11.5 million. To help pay for the cost McMahon will submit an application for an Illinois Environmental Protection Agency revolving loans at a 1.25% interest rate. This large capital investment is critical to increasing Marengo’s capacity to grow. It is also an open invitation for businesses to consider Marengo as their home as the city intends to grow.
|
|
|
 |
