LaSalle is an ideal city for new business and the relocation or expansion of existing operations.
- Close proximity to interstate, rail, barge and air
- Incentives through Enterprise Zones & Tax Increment Financing (TIFs)
- Low taxes
- Ample work force & job training
- Low crime rate
Retail Trade Area
The City of LaSalle is fortunate to be situated in a sizable Retail Trade Area. What this means is that retail establishments located within the City of LaSalle are patronized not only by the 9,500 local residents, but also by many people from neighboring communities. These include Oglesby, Spring Valley, North Utica, and more. Retail establishments, depending on the nature of their business, can look forward to a customer base of approximately 20,000.
Potential vs. Actual Sales
Using a number of factors including local per capita income, state per capita income, state per capita sales, and regional population, one can calculate the potential volume of sales a locality can be expected to generate. This is especially valuable when one compares the 'potential' sales figure to the 'actual' sales figure. The difference between the two indicates whether the city is operating above or below its potential sales volume. For the year 2010, the potential volume of sales of the City of LaSalle was calculated to be $513,184,697, while the actual sales were $384,278,000. This is a difference of $128,906,697, or to put it differently, sales are 75% of their potential.
The takeaway point from this exercise is that there is much room for growth in the City of LaSalle. Depending on the nature of your company, a firm could stand to profit a great deal from filling the gaps in services that currently exist here.
City of LaSalle's Retail Trade Zone