Economic Development
Hanover Park is a dynamic growing community of over 38,000 with a
strong business environment, attractive business parks, and outstanding
services, all in a location convenient to the Chicagoland market.
 Business
Opportunities
Almost 500 businesses call Hanover Park home, from small home-grown
operations to large Fortune 500 companies! The Department of
Community Development welcomes the opportunity to work with your
business during every step of the development process, from site
research and selection until final occupancy.
Hanover Park’s business advantages are clearly
illustrated by the following facts:
 There
are 17 shopping centers ranging in size from 6,000 to over 200,000
square feet throughout the Village.- These 17 shopping centers have an average occupancy rate of
92%.
Annual retail sales in excess of $200 million.
Approximately 60 new businesses since 2000.
Over 800,000 square feet of planned and built commercial and
industrial development since the beginning of 1999.
Over 4,000,000 square feet of business park development in three
attractive locations.
Excellent Educational Resources
Hanover Park is served by three community colleges offering
continuing education programs to assist in the ongoing training of your
employees. In addition, renowned Illinois colleges and
universities are within commuting distance. The Village's school
districts are well known for providing quality education to area
students and preparing them for the challenges of the future.
Desirable Location
Just 30 miles from Chicago, Hanover Park is easily accessible by
roadway, air, and rail. Hanover Park is conveniently located on
the Elgin-O'Hare Expressway and is only minutes from the Northwest
Tollway (I-90), the Eisenhower Expressway (I-290), and the East-West
Tollway (I-88). Hanover Park is located along the well-traveled
West line of Metra's commuter rail system. The express train to
Chicago takes a short 45 minutes. The Hanover Park train station
is one of the busiest stops on Metra's West line with more than 1,450
riders each weekday and over 1,200 commuter parking spaces. O'Hare
International Airport is within 15 miles, while both Schaumburg and
DuPage County Airports are less than five miles away.
Government Committed to Business
Hanover Park's aggressive Economic Development Program includes
community marketing and possible financial incentives. Tax
increment financing districts and industrial revenues bonds are only two
of the many incentive programs available. A member of our
qualified staff will assist you through the one-stop permit process and
all Village procedures. Professional staff members expedite
building permits and conduct regular inspections to insure quality
construction.
Diverse Residential Market
Hanover Park's population exceeds 38,000 in a land area of six square
miles. Hanover Park's diverse community provides a skilled labor
force for your business. Your business will enjoy a strong
consumer base in Hanover Park as the median family income exceeds
$60,000.
Our Planning and Economic Development Division
The Planning and Economic Development Division encourages economic
growth by attracting new businesses and developments to the Village, as
well as retaining and expanding existing businesses and developments.
These economic development efforts lead to the establishment of a solid,
diversified tax base, increased property values, and an enhanced
community image. Vital steps to achieving this goal include a thorough
evaluation of proposed developments, careful long-range planning, and
zoning administration. Other specific Division responsibilities include:
- Staff support for the Development Commission, Economic Development
Committee, and Historic Committee.
- Providing information and technical assistance for developers,
architects, and homeowners.
- Administration (and periodic updating) of the Zoning Ordinance,
Sign Code, and Subdivision Code.
- The Village of Hanover Park’s marketing program, including
participation at local and national trade shows, networking with real
estate and development professionals, responding to inquiries for
businesses wishing to locate in the Village, and promoting the Village
through press releases and articles in trade publications.
- Long-range planning activities including creating redevelopment
plans and Comprehensive Plan updates.
Village of Hanover Park
2121 West Lake Street
Hanover Park, IL 60133
(630) 372-4200
Hours:
Mondays, Tuesdays, Wednesdays & Fridays, 8:00 am - 4:30 pm
Thursday, 8:00 am - 7:30 pm
All information © 2008 Village of Hanover Park, Illinois
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