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Business and Economic Development

Known as a regional industrial center and a tight-knit community of residents, the Village of Carol Stream is a great place to live, work, do business and raise a family.

Home to more than 800 businesses and industries including several Fortune 500 companies, the dynamic far west suburban community boasts amenities including a bustling business-friendly environment, much sought-after traditional neighborhoods with tree-lined streets, modern schools, a large Gold Medal award-winning park system, a full-service library and a community of churches serving many religious denominations. It is one of only a handful of metropolitan communities to boast of no village property tax.

In lieu of a traditional Main Street hub, the community enjoys a beautifully developed Town Center recreational hub (960 N. Gary Ave.), as well as a series of well-planned business and retail centers, with light industrial businesses and industries situated along the village’s eastern-most sector. In addition to a variety of year-round community-wide celebrations, the Town Center’s summertime music concerts bring residents and visitors together to celebrate community and collegiality, enjoy an al fresco dinner with family and friends or take a relaxing stroll through the winding pathways.

Here you’ll also find the Carol Stream Park District’s flagship Fountain View Recreation Center, with soaring floor-to-ceiling window views of the arbor-infused Town Center, its scenic man-made lakes, a trestle bridge, picturesque overflowing fountain and old-fashioned gazebo.

With a firm foundation of past success and an eye to the future, the village’s residents, businesses and local leaders are committed to protecting and enhancing these assets through investment, planning, partnerships and projects.

The Village of Carol Stream is a vital part of the Chicago metropolitan region and a leader among west suburban DuPage County communities. The village has received numerous accolades, including a 2016 Neighborhood Scout risk data ranking the community among the 100 Safest Cities in the United States. It has been cited for its Top Traffic Safety Program by the International Association of Chiefs of Police and called a “hidden gem” by Money Magazine in a listing of the 100 Best Places to live in the nation.

“The business community thrives in Carol Stream,” said Luanne Newman, executive director, Carol Stream Chamber of Commerce, who cites the plethora of new and expanding business endeavors, as well as solid community support and benefits. “Carol Stream is a great place to live, work and do business.”

Many Chamber member business owners and employees live in and are raising their families in Carol Stream, and it’s not uncommon to find young adults returning to childhood neighborhoods and schools to raise their own families.

“Carol Stream residents are proud of the community’s history, today’s vibrant business model, and array of amenities,” Newman said. “They identify not only with the Village of Carol Stream, but also with individual neighborhoods, seeing each as offering a distinct character and type of living.”

With deep community roots, many local business and industry leaders also are integrally involved in community life through involvement in the Chamber of Commerce, community service organizations and civic participation.

“Whether it’s lending expertise on a committee, taking part in a holiday celebration or parade, sponsoring summertime music concerts at the Town Center, lending a hand at the annual community-wide food drive to restock food pantry shelves or participating in holiday giving programs, the business and industrial community plays a vibrant role Carol Stream community life,” Newman noted.

The village’s proximity to I-355, I-88, O’Hare International Airport and the DuPage County Airport make it an attractive site for businesses looking to expand or relocate.

Business travelers and visitors enjoy all the comforts of home in Carol Stream while staying close to work at the Carol Stream Holiday Inn & Suites (150 S. Gary Ave.) or at the Hampton Inn (205 West North Ave.). An eclectic selection of restaurants, bars and grills offer taste-tempting menu selections designed to please a variety of breakfast, lunch, dinnertime and late night palates.

Seven major roads traverse the village, with North Avenue (Route 64) close to the center of town and bisecting a majority of the industrial area. North Avenue runs east into Chicago and westward across the state. Army Trail Road, St. Charles Road and Geneva Road are other major east-west transit routes. Running north-south are County Farm, Gary Avenue and Schmale Road.

Village residents and business professionals who regularly travel the 35 miles to Chicago’s Loop for business or cultural activities are only a 40-minute commute via the Wheaton, Bartlett or Hanover Park Metra commuter train stations. The RTA’s Suburban PACE transportation system provides convenient shuttle service to area residents commuting to local train stations, shopping centers, colleges, and hospitals. Local commuters will find an easy toll free access to I-290 (Eisenhower Expressway) by traveling east on North Avenue or Army Trail Road to I-355 North.

Illinois Route 390, previously known as the Elgin–O’Hare Expressway, now known as the Elgin–O’Hare Tollway, is an electronic toll highway providing convenient commuter access to the northwest suburbs. Completion of the state’s Elgin-O’Hare Western Access Project offers opportunities for enhanced economic development and travel performance throughout the region, and will provide new western access to busy nearby O’Hare International Airport.

A Vision Combining Residential and Business Community
The flourishing community, originally founded by developer Jay Stream, consists of well-tended residential homes and subdivisions in its western most sector. Business and industry flourish to the east. Among the dozens of the newest businesses to call Carol Stream home this year is a sweet new favorite, Just A Taste Confections (145 Hiawatha Drive).
Current village economic development plans ensure its commitment to vital business development. For example:

• Redevelopment begins this summer for a former gas station and restaurant (870 W. Army Trail Rd.), with completion of the new 7,100-square-foot convenience store, 10 fuel pumps and a tunnel-style car wash expected in late fall.
• Construction of an extended stay hotel (1160 N. Gary Ave.) will begin mid-summer and include 123 suite-style rooms.
• Late summer completion of a 381,600-square-foot Dermody Properties warehouse/distribution facility (365 E. North Ave.) designed to attract e-commerce.

The Village of Carol Stream continues to invest in the future and recently completed capital improvement projects including two major construction and rehabilitation projects along the main Lies Road corridor, and the completion of a bike/pedestrian pathway along the West Branch DuPage River Trail from Army Trail Road south to St. Charles Road providing nearby Benjamin Middle School students the opportunity to bike to and from school.

The Carol Stream Municipal Center, home of Carol Stream village government operations since 1981, will undergo complete remodeling and upgrades this year to meet current and future village service and staffing needs. With an anticipated December 2018 completion date, project investment is expected to total $19 million.

During the two-year partial demolition and full renovation, village services have been relocated to temporary municipal center facility (505 E. North Ave.). Village meetings take place at Carol Stream Fire Protection District station 28 (365 Kuhn Road).

A Firm Foundation For Success
The village has come a long way since Jay Stream built his first homes and petitioned the State of Illinois to incorporate as an Illinois municipality. Incorporated on Jan. 5, 1959, and named after the developer’s daughter, Carol Stream, the village has grown to include more than 40,000 residents today.

Its wide variety of housing types include luxury estate homes, a nice mix of single-family homes, condominiums, townhomes and more than 4,000 apartment rental units. Aided by an active historical society, Carol Stream makes an effort to preserve historical assets, its unique story, and key historical sites.

The village is one of only a few Illinois communities not to levy a municipal property tax, according to Mayor Frank Saverino, who spoke to Chamber of Commerce members at their annual State of the Village presentation.

The Carol Stream Chamber of Commerce is one of the more progressive Chambers in the DuPage County region with an engaged membership and dedicated to keeping members at their competitive best. Networking opportunities, monthly membership luncheons featuring prominent speakers of interest, newsletters and participation in the Five Star Business & Health Expo help encourage business success and advances the economic well-being of the greater Carol Stream area.

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