Expanding a business to a new location is an important step for any growing business. When you choose the City of Aurora as your expansion location, you not only get a revitalized, authentic and diverse area, but you also get the full support of the incredible team at Invest Aurora to help you prepare.
Invest Aurora’s economic development specialists provide expert counseling and guidance to ensure that your business is positioned for success in your new Aurora location. We understand that a successful expansion project depends on a well-developed expansion plan. In this respect, when you work with Invest Aurora, we can assist in many important areas of that plan such as:
Helping to select the perfect site
Deciding on the right site to expand your business can make a big difference in the overall success of the business. There are hundreds of available properties in Aurora that can accommodate projects of all sizes. We’ll help you explore your options, taking into account important factors like land availability, building and space availability, taxes, incentives and more.
Helping to secure necessary financing
Another major factor in any expansion project is the ability to secure the appropriate funding. The Invest Aurora team can help you find and apply for a number of financing opportunities that you may not have discovered on your own. From federal assistance and local tax incentives to in-house grant programs, our staff will work with you and all respective agencies to ensure your project receives the necessary financial support it needs to thrive in Aurora.
Identifying your company’s true needs
Expanding without a strategic, well-thought-out plan in place is not efficient or economical. The key to developing the right expansion plan is understanding the core needs of the business and what is necessary to achieve its goals. For example, how many employees will be needed when the company reaches its ideal size? What new equipment might be necessary? Will customers or transportation companies need easy access to your location?
Invest Aurora business strategists will work with you to discover your business’s true needs. Through these discussions we can help identify the right solutions in terms of personnel, logistics, workforce development and more.
Expansion Success Story
One recent success story is that of Amsino International, Inc. Invest Aurora staff met with Amsino leadership in October 2019 to discuss a possible purchase of a building in Aurora. At that time, Amsino was looking at an aggressive expansion model and needed a Midwest distribution and manufacturing facility. The company had also identified multiple competing locations in Illinois and Indiana that could meet their needs. Invest Aurora identified that their true need was a highly skilled and motivated workforce. We identified an abundance of local workforce in key classifications that Amsino would be able to tap into, and grow as their needs increased.
Throughout the process, we discovered additional areas of concern, and worked with the company and workNet DuPage to begin addressing those issues and creating a pipeline for qualified candidates. In addition to the work done on workforce, Invest Aurora assisted the company in successfully applying for an EDGE agreement with the State. In total, Amsino will be investing $32mm and creating 110 jobs at their new 222,000 square foot distribution and manufacturing hub.
At Invest Aurora, we look forward to helping your growing business reach its full potential! Contact us to learn more or to schedule a time to meet with one of our talented strategists at email@example.com or 630-256-3160.