For FY 2011 a $8,000,000 budget is being anticipated yet this large amount was allocated to economic development in FY 2010.
[Board approved] paying Northwest Illinois Development Alliance the $20,000, which is part of the county’s budgeted $100,000 allocation to the agency in the county’s 2010 budget
NIDA played a crucial role in several recent development projects, including the expansion of Tri Star-Pinnacle Metals, and the opening of the Pinnacle Transportation, LLC, dispatching center in Freeport, which is planned for this fall.
Earlier this year, county officials approved a measure to delay future payments to NIDA until the agency hires a new executive director, a process that is still ongoing.
Click on the following for more details: County pays NIDA $20K - Freeport, IL - The Journal-Standard