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Economic Development - Princeton IL New and expanding businesses are being drawn to Princeton by the citys favorable business climate. The Princeton Industrial Development Commission and Chamber of Commerce encourages the growth of business, industry. From infrastructure planning to work-force development, the commission is committed to offering new businesses a culture of economic growth with rich quality of life, making this a community of opportunity and comfort. Partnerships among the businesses and industries in Princeton contribute greatly to the economic vitality of the city. Leading industries in the city currently include: Ace Hardware Retail Support Center, LCN Closure, MTM Recognition, Monterey Mushrooms, Pioneer Hybrid, Champion, and the City of Princeton. Farms occupy 92% of Bureau Countys land area, making agriculture an important economic base for Princeton as well as the county. Princeton offers impressively low industrial rates for its municipal electric service, quality utility and city services, availability of prime sites, reasonable property taxes, a well-developed transportation network with ready access to trade and market centers and many financial and tax incentives. Princeton is on the move and waiting for your business.