Economic Growth Corporation Information

Economic Growth Corporation (GROWTH) is a catalytic community-based development organization committed to the revitalization of underserved communities throughout the nation. As a 501(c)3 non-profit, GROWTH is a mission-driven organization with over 35 years experience in community and economic development. Its efforts work to enhance the overall image and economic vitality of communities in need of jobs, investment, and housing. GROWTH has grown into a complex organization in order to maximize its impact, its activities include New Market Tax Credit financing, multifamily development, property management, general contracting, single family rehab programs, and provides housing counseling and financial literacy. Central States Development Partners, Inc., a national Community Development Entity, successful in receiving four consecutive federal allocations of New Market Tax Credits totaling $130 Million and two state allocations from Nevada ($11.7 Million) and Illinois ($4.3 Million). New Market Tax Credit financing by Central States is an integral part in moving projects forward in highly distressed census tracts that help improving the lives of those that live there. GROWTH's asset and property management subsidiary, HOME BASE Property Management, provides property management of 385 rental housing units and over 40 commercial spaces throughout Illinois and expanding into other states. GROWTH's general contracting subsidiary, Growth General Contracting, is responsible for GROWTH's smaller housing and commercial developments, and has been responsible for more than $7.6 million in historic rehabilitation and new construction development. Over 1,000 single family homes have been impacted through GROWTH's single family programs, improving aged housing stock and making it safer for those that live there. GROWTH has helped more than 800 families achieve home ownership through its home ownership programs and counseled over 2,500 people with financial literacy.