SHIMER SQUARE
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The Developer

About Economic Growth Corporation

Economic Growth Corporation (GROWTH) is a 501(c) 3 not-for-profit, community-based development organization dedicated to enhancing the overall image and economic vitality of rural and underserved communities. GROWTH is regarded as a national leader in developing innovative housing opportunities and commercial developments by facilitating community partnerships. Our community-driven efforts consistently provide housing that is affordable, create and retain jobs through our various business initiatives, support and revitalize neighborhoods, and strengthen the community fabric in ways that sustains and promotes long-term viable economic success. 

As a minority-controlled, mission-driven organization, GROWTH identifies its redevelopment plan and works to raise capital behind the scenes until it can close and begin construction. In any given time, this takes an average of 3 years. In these unprecedented times post-COVID with rising construction costs, labor shortages, rising interest rates, GROWTH continues to persevere and is proud to have started construction in August 2023, an activity that will continue over the next three years within the campus.

​GROWTH’s redevelopment of Shimer Square advances many strategies set forth with in local, regional, and state planning objectives by means of supporting and nurturing small businesses through entrepreneur and startup incubators, developing the state’s workforce through construction related activity and business opportunities, and investing to catalyze growth by investing more than $60 million of redevelopment efforts within the Mt. Carroll, IL community. Its revitalization efforts will also result in a newly created tax base that will further provide benefits to community. 
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Economic Growth Corporation
Developer for Shimer Square
(309) 794-6711
​info@growthcorp.org 
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Equal Opportunity Provider. 
Fair Housing/ Equal Opportunity Statements:
We are pledged to the letter and spirit of U.S. Policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.

Declaración de Equidad de Vivienda
Estamos comprometidos con la letra y el espíritu de la política de U.S. para el logro de la igualdad de oportunidades de vivienda en toda la nación. Alentamos y apoyamos un programa de publicidad y comercialización afirmativa en el que no existen barreras para obtener vivienda debido a raza, color, religión, sexo, discapacidad, estado familiar u origen nacional.

Information throughout this website is deemed reliable but not guaranteed. 
  • HOME
    • ABOUT >
      • Shimer Square
      • The Developer
      • Mount Carroll
      • City of Mount Carroll
      • Chamber of Commerce
      • West Carroll CUSD 314
    • HISTORY
    • Campus Advocate Program
  • DEVELOPMENT ACTIVITY
    • Campus Concepts
    • Residential Development >
      • Submit Information for Wait List
    • Commercial/ Community Development >
      • Resource Center
      • Early Childhood Development Center
  • Bidding Opportunities
  • SUPPORT
  • EVENTS
  • Press Releases & Updates
  • CONTACT