Hanover Park is a dynamic community of over 38,000 with a strong business environment, encompassing nearly 500 businesses from small home-grown operations to large Fortune 500 companies. Our central location and large working population ensure retail expenditures of over $500 million a year. The Village's significant Tax Increment Financing (TIF) incentives and AA Bond rating make Hanover Park a smart place to do business!
Hanover Park is filled with excellent development opportunities. View our community's development potential (PDF).
Hanover Park's two business parks are filled with successful businesses.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 20 shopping centers ranging in size from 6,000 to over 200,000 square feet throughout the Village.
- Annual retail sales in excess of $500 million.
- Seven arterial roads with 20,000+ vehicles per day.
- Over 5,000,000 square feet of business park development in highly sought after locations.
Excellent Educational Resources
Hanover Park is served by three community colleges, including Elgin Community College, Harper College, and College of DuPage. The colleges offer continuing education programs to assist in the ongoing training of your employees. Our community colleges also offer assistance to entrepreneurs through their Small Business Development Centers.
In addition, renowned Illinois colleges and universities are within commuting distance, including the University of Chicago, University of Illinois at Chicago, Illinois Institute of Technology, DePaul University and Northwestern University.
The Village's school districts are well known for providing quality education to area students and preparing them for the challenges of the future. Schaumburg Community Consolidated School District 54 and Carol Stream School District 93 are ranked among the top third of school districts in Illinois.
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 Milwaukee West line with more than 1,400 riders each weekday and over 1,400 commuter parking spaces. O'Hare International Airport is within 11 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 37,000 in a land area of six square miles. The diverse community provides a wide range of skilled labor. The civilian employee population of over 19,000 has large concentrations in the manufacturing, retail, professional, scientific, management, education, healthcare, and social services industries.
Hanover Park offers a strong consumer base, with a median family income of over $70,000 and an average family size of 3.8. The densely populated area houses almost 125,000 people in a 3-mile radius*, with over 20 households per acre.
*Area around Barrington Road and Irving Park Road. Source: Neilson Solution Center.
Our Planning & Economic Development Staff
The Planning and Economic Development Staff encourages economic growth by attracting new businesses and developments to the Village, as well as retaining and expanding existing businesses and developments. These 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 responsibilities include:
- Staff support for the Development Commission and CONECT Committee (Committee on Networking, Education and Community Teamwork.)
- 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.