#RightOnQ
Economic Growth
Workforce
Community
Financial Support
Economic Development Guide
Quincy & Adams County
Cost of Doing
Business
Most Common ACS Industries in
Adams County
2021 Illinois Unemployment
Insurance
Minimum Rate .525%
Maximum Rate 7.1%
Maximum w/ Fund Building 7.625%
Table Wage Base $12,960
Illinois Workers Compensation
Average Rate per $100 of payroll $2.23
Competitive incentives programs | Short permit approvals | Shovel-ready sites
Industrial districts | Business parks | Downtown district
Development team from across sectors and organizations
Individual State Income Tax 4.95%
Sales/Use Tax Rate
State Rate 5.00%
County Public Safety 0.25%
Home Rule 1.50%
Total 6.75%
Corporate State Income Tax 9.5%
Real Property Tax Assessment 33 1/3%
Incentives*
State: Block Grant, Tax Credits, Loans, IDOT
County: Loan fund, Infrastructure assistance
City: Loan fund, Enterprise Zone, TIF
*Detailed information in Incentive Overview
Dataset: ACS 1-yr Estimate
Source: Data USA, Census Bureau, IL Department of
Revenue, IL Department of Employment Security
Exact tax rates & assessed values for specic parcels can
be provided upon request
Competitive incentives programs | Short permit approvals | Shovel-ready sites
Industrial districts | Business parks | Downtown district
Development team from across sectors and organizations
ADAMS COUNTY, IL
Population Median Household Income Median Age
66,100 $52,993
(3% Growth)
41.5
25 mi. | 112,290
50 mi. | 255,714
75 mi. | 614,744
Housing
Median Property Value $127,800 (1.35% growth)
30,364 units 71.8% own 24.6% rent
National average 64.1% own
e largest city within 100 miles | Regional hub for industry, commerce,
education healthcare, recreation & cultural arts
300,000+ people in a 50-mile radius who shop, dine, work and play
2019 Household Income
Date set: ACS 5-yr Estimate
Source: Data USA, Census Bureau
2019 ESRI Market Prole Forecast,
Tri-State Development Summit 36 County Region
Demographics
Education
Investing in the Future
Founded in 1860
Catholic 4-year, residential university
Undergraduate & Graduate program
Hands on Learning & internship program
Established in 1975, new campus in 1998
Specialized business & industry training site
Oering Degrees & Certicates
Career & Technical program options
4-year Bachelor of Science in Nursing through
joint programs with Culver-Stockton College &
Quincy University
Established in 1973, Career & Technical school
courses serving ten (10) school districts in a
three (3) county region, with classes available for
adults.
Quincy University
John Wood Community College
Blessing-Rieman College of Nursing
Quincy Area Vocational Technical Center
Higher Education Resources in 50 miles
4-Year Schools 5
Degrees or programs 3,700
Enrolled Students 14,000
Quincy Public Schools
Early Childhood & Family Education Center
Built 5 NEW Elementary Schools (K-5)
One Junior High School (6-8)
One Senior High School (9-12)
Adult Education Learning Center
Quincy Parochial Schools
Four Catholic Grade Schools
One Lutheran Grade School
One Christian School
Quincy Notre Dame High School
Rural Adams County Schools
Central Community Unit School District 3
Community Unit School District 4
Liberty Community Unit School District 2
Payson Community Unit School District 1
$89 million referendum to build new schools | Paid tuition program for
in-demand technical careers | Scholarship credit for high school students
Training, retaining & recruiting a qualied workforce
Workforce
Development
Adams County Works | ree teams working as a
concentrated and strategic workforce development
eort. With representatives from business, education,
social services and economic development to meet
future workforce needs.
Career Guidance | Preparing youth and job seekers to
enter the workforce
Work Readiness | Developing job seekers
Transition Planning | Advancing current workers
Talent Attraction & Retention | Working with our
partners on a holistic community strategy to remain
competitive.
Quincy Area Vocational Technical Center (QAVTC) |
e area career & technical school oering courses to
area high schools. e center is equipped with class-
rooms, a preschool center, a Health
Occupation simulation lab, a full commercial kitchen
and shops for automotive Technology, Construction,
Diesel Equipment, Equipment Technology, Graphic
Communication and Welding.
Quincy University | Has a long standing tradition of
enhancing their students academic careers with
professional internships. rough internships they
hope students will be able to conrm their major,
gain professional skills and build their resume.
Culver-Stockton College | Internship and Career
Center mission is to help their students prepare
for the workplace through resume and cover letter
workshops, experienced presenters sharing tips and
pointers and even clothing giveaway events so
students will have everything they need to succeed.
Strategic workforce development initiatives
Internships for area college students | High school scholarship programs
Building connections with students, job seekers, educators & employers
John Wood Community College’s Workforce
Development Center | Provides the technical
skills today’s employers need now. ey oer one
day, 12-week, one-year or two-year trainings. ey
even oer specialized training for companies in the
region.
Logistics &
Transportation
City Driving Flight Truck Rail
Atlanta 693 mi 2 hrs 2 days 4 days
Chicago 314 mi 2 hrs 1 day 1 day
Cleveland 635 mi 2 hrs 2 days 3 days
Dallas 691 mi 3 hrs 2 days 3 days
Denver 765 mi 3 hrs 2 days 3 days
Detroit 545 mi 2 hrs 2 days 3 days
Kansas City 214 mi 2 hrs 1 day 1 day
Memphis 409 mi 2 hrs 1 day 2 days
Minneapolis 408 mi 2 hrs 1 day 3 days
River Access - Year Round
City of Quincy municipal barge terminal. Design
& engineering work complete for Mid-America
Intermodule Port Authority.
Trucking
More than 20 trucking rms in Adams Co.
Reaching two-thirds of the U.S. and parts of
Canada within three days.
Highways
Center of 4-lane highways in all directions:
• Avenue of the Saints: From Canada to the Gulf
• Illinois Highway 172 is part of the designed
Route 110/Chicago - Kansas City Expressway
which oers a less-congested alternative route
to these popular Midwest destinations.
Rail Service
Freight: Burlington Northern Santa Fe and
Norfolk Southern oers multiple freight trains
daily and Burlington Junction Railroad oers
short line service.
Amtrak: Two trains daily, to and from
Chicago.
Airport - Quincy Regional | 7089 Ft. Runway
Daily round trip ights to Chicago O’Hare
International Airport and Lambert -
St. Louis International Airport. Flight
Instruction, plane rentals & hanger space.
Midwest Controlled Storage
750,000 Sq Ft, underground facility for
storage, fulllment & distribution. Truck & rail
served.
On the Mississippi River with 12-month barge trac | Over 1,500 truck power units
based in Quincy | Crossroads of 3 major national highways
2 national freight options with trains daily | Regional Airport with 7,089 Ft. Runway
Utilities &
Major Employers
Electric
Ameren*: State regulated, 40,000 served locally
Adams Electric Co-op: Not state regulated, 85,00
served locally
*Electric deregulated utility allows electric
customers to purchase electric energy from
several suppliers.
Natural Gas - Both Investor Owned
Ameren: 500,000 customers served
NICOR: 2,000,000 customers served
Water Treatment - City of Quincy
Major Source Mississippi River
Rated Capacity 18 mgd
Average Daily Demand 7.54 mgd
First 10,000 cubic . $1.94 (per quarter)
Next 90,000 cubic . $1.74 (per quarter)
100,000+ cubic . $1.32 (per quarter)
Sewer Treatment - City of Quincy
Average Daily Demand 13.5 mgd
Service - Combined & Separate Sanitary
Telecommunication
At&T: Fiber, phone, Internet & cellular options
Adams: Fiber, phone, Internet, web hosting &
networking
Adams County
ADM (Multiple Locations)
Blessing Hospital
Blue Cross Blue Shield
Chaddock
City of Quincy
Gardener Denver
GatesAir
Good Samaritan Home
Hollister Whitney
Illinois Veteran’s Home
John Wood Community College
Knapheide Manufacturing
Kohl Wholesale
Manchester Tank & Equipment
Niemann Food Inc.*
Phibro Animal Health
Quincy Medical Group
Quincy Public Schools
Sunset Home
Titan International Inc.
Wis-Pak
360
533 | 40,000
2,914 | 3,498
850 | 22,692
250
315
310 | 6,700
208 | 300
350
342
500
562
1,500 | 2,300
390
280 | 1,000
500 | 5,500
153 | 1,500
1,036
1,100
215
750
170 | 727
Leading Employers
*Headquartered in Quincy local/company wide
employment
Diverse economic base of 100 manufacturers | Commercial services & retail sector
Industrial mix of century-old, family-owned, hi-tech & small businesses
Retail balance of thriving downtown & national chains
Quality of Life
Overview
Aordable housing & excellent schools
Regional healthcare & recreational activities
Variety of shopping & dining experiences
Art & entertainment cultural hub
Downtown District with live, work, play lifestyle
Housing Statistics
Average Household Size 2.38 persons
Owner Occupied Housing 71.8%
Average Home Value $154,167
Average Commute Time 16.5 minutes
Climate
Four seasons in the heart of the Midwest
Average Temperature 63.1°F | 43.8°F
Average Precipitation: 36.74 inches per year
Parks & Recreation
Enjoy hunting and boating on the Mississippi
River with 1,012 acres of parkland in the Quincy Park
District for year round activities. ere are 30 parks,
15 playground sites, swimming pool, 241-slip marina,
27-hole public golf course, athletic elds and shing
lake, as well as development of more biking/walking
trails.
Arts & Culture
World-class cultural opportunities for all ages
including 10 museums, 4 national historic
architectural districts, Symphony Orchestra,
Community eatre, Art Center, Opera
Company, Music Association, as well as annual
festivals and seasonal events.
Healthcare - e healthcare hub of the tri-state
region with three major medical centers.
Blessing Hospital | e largest most
sophisticated medical centers in a 100-mile
radius with a medical sta of more than 240
physicians and team of more than 2,000.
Quincy Medical Group | A leading multi
specialty group practice in the Midwest. Over
150 physicians and advanced practice providers
in 30 medical and surgical specialties.
SIU Center for Family Medicine | Providing
care as part of the Family Practice Residency
Program of the SIU School of Medicine.
Dataset: ACS 5-yr Estimate
Sources: Data USA, Census Bureau, IL Department of
Revenue, 2020 ESRI Market Prole Forecast,
USClimateData.com
Downtown entertainment district & lifestyle | New schools | Quality healthcare
Variety of housing | Named one of America’s most Artistic Towns two years running
Available waterfront recreation | 40 miles of biking/walking trails
Workforce
Occupation by Share in Adams County
Industries by Share in Adams County
Dataset: ACS 5-yr Estimate
Sources: Data USA, Census Bureau
Incentive Overview
State of Illinois
Illinois Community Development Block Grant |
Funding for community-based projects to assist
private businesses in retaining or creating full-time,
permanent jobs. Grant funds may also be used for
improvements to public infrastructure that directly
supports a company in the local community.
Illinois EDGE Tax Credit Program | Administered
by Illinois Department of Commerce and Economic
Opportunity (DCEO) and based on written applications
with a minimum of $2.5 million and 50 newly hires
and/or retained jobs. e program gives credit based on
the state income tax wages of the new hires and is
calculated on a case-by-case basis.
Advantage Illinois Participation Loan Program |
Delivered through pre-approved Illinois nancial
institutions and administered by DCEO. PLP mitigates
lender risk through subordinated debt of up to $1.5
million, encouraging nancial institution to lend to
businesses that would otherwise not qualify for
traditional bank nancing, by purchasing portions bank
term loans and revolving lines of credit, applying below
market interest rates to the program’s portion, and
subordinating the program’s exposures to those of the
lending partners.
Illinois Department of Transportation (IDOT)
Program | e Economic Development Program
(EDP) provides assistance for roadway improvements
that are necessary for access to new or expanding
industrial, manufacturing or distribution type
companies.
e program is designed to provide 100% state
funding for roadway improvements on state
owned routes and up to 50% state funding for
eligible locally owned roadway, with the
remaining 50% match provided by private or local
government entities. Maximum per project 2 million.
IDOT Truck Access Route Program (TARP) |
Assists local governments upgrade roads to
accommodate 80,000-pound truckloads providing
$45,000 per lane mile and $22,000 per eligible
intersection for selected projects. TARP covers %50 or
$900,000 of construction costs, whichever is less.
IDOT Rail Freight Loan Program | Provides
capital assistance to communities, railroad and
shippers to preserve and improve rail freight service in
Illinois with low interest loans and/or grant
consideration under special circumstances, to nance
rail improvements.
Personal Property Tax Exemption | Illinois does
not collect a state tax on personal property other than
real estate. erefore all classes of personal property
including machinery, equipment, inventories and
intangibles are exempt.
Single Factor State Income Tax | With Illinois
singe-factor appointment, property and payroll are not
apportioned into corporate income tax when
calculated.
Incentive Overview
Quincy & Adams
County
Rural Adams Development Corporation Loan
Fund | e corporation is a consortium of rural banks
providing gap nancing to projects in Adams County
outside the City of Quincy. Projects are considered on a
case-by-case basis with a lead bank, and then evaluated
by the consortium. Maybe used with other programs.
Enterprise Zone Program | Designed to stimulate
economic growth and neighborhood revitalization in
economically depressed areas of the state accomplished
through state and local tax incentives, state regulatory
relief and improved government services. Allowing
businesses 100% abatement of real estate taxes on in-
crease value of property. Additional tax abatement for
target supplier/customer recruitment. Abatement of
sales tax on building material used in a qualied project.
50% reduction of building permit fees.
Central Business District Revolving Fund Loan |
e programs mission is to revitalize the city’s
historic assistance to any current or prospective
purchaser of commercial properties for business
purposed in e District.
Tax Increment Financing (TIF) Program | TIF is a
method of funding private and public investment in an
area slated for redevelopment by capturing, for a time,
all the increase tax revenue that results when
redevelopment stimulates private investment. As private
investments add to the tax base within the TIF district,
the increase tax revenues are places in a special fund,
which can only be used for public purposes permitted by
law.
Downtown Rental Rehabilitation Program |
Financial assistance is available to owners of
downtown properties for eligible costs of renovation/
development of upper-story residential units in
existing buildings located in the TIF District.
Forgivable loans are available at zero percent interest
for 50% of the total cost of renovation up to $25,000
per unit.
Quincy Economic Development Loan Program|
Provides up to $500,000 in loan funds for any new or
expanding manufacturing, logistics, warehouse,
packaging or processing facility; or corporate,
professional and technical projects that create
permanent jobs with long term benets to the
community. (Prevailing wag rates may apply). Land or
building purchase, as well as machinery and
equipment. Construction of new facility/structural
rehabilitation and addition.
Quincy Workforce Relocation Assistance
Program | Designed to aid the eorts to increase the
population, the city is providing a nancial incentive
to individuals of families who choose to move from
outside of Adams County to the city of Quincy and
work within Adam County. is provides a property
tax rebate or lease rebate incentive for those eligible.
Quincy Midtown Business District | e
Business Development district is a special nancing
program created to encourage the development of
new businesses in a selected area. e City of Quincy
implements a 1% retailers’ occupation tax, a service
occupation tax and a hotel operator’s tax.
Great River Economic Development Foundation
300 Civic Center Plaza | Suite 256 | Quincy, IL 62301
(217) 223-4313 | gredf@gredf.org | www.gredf.org