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Business and Economic Development

Orland Park is an excellent choice for business and industry, according to a comprehensive survey conducted by the Village. Among the community’s assets listed by survey respondents were:

• Orland Park’s rapid rate of growth benefits business because it broadens the customer base and enhances opportunities for attracting skilled labor.
• The Village’s location in the center of a growth area also makes it an ideal place for business and industry.
• The availability of professional services is a distinct asset to business.
• Orland Park’s excellent police and fire protection are important to business and industry.
• The Village’s quality of life, demonstrated by good schools, parks and convenient shopping, is also an important factor making Orland Park attractive to business and industry.

Orland Park is home to a diversified economy comprised of small and midsize industrial and distribution companies. In recent years, business additions have included a number of restaurants and new retailers catering to the varying consumer markets.

Main Street Triangle District

The Village of Orland Park is creating a mixed-use, pedestrian-friendly, transit-oriented downtown area to be located at 143rd and LaGrange Road, also bordering along Southwest Highway. Centered around the newest Metra Train Station, the development will include mixed-use buildings, parking, spaces for gatherings, concerts and meandering among the shops, fountains, lush streetscape and public art of the Main Street area. This planned redevelopment area is giving new life to an important part of the Orland Park story—a new downtown area that reconnects the Village’s past with the Village’s future.

Incentives for Relocation and
Expansion in Orland Park

Land availability, location and transportation are key factors in Orland Park’s appeal to business and industry. The Village is equipped with several large areas set aside for industrial development and redevelopment as well as commercial sites.

Among the financial incentives designed to attract new industry and development is the advantageous Economic Development Revolving Loan Fund (RLF), which provides businesses with low-interest financing for new development or expansion of existing facilities. The interest rate is half the prime rate. With the changing economy, the program was recently enhanced to allow greater flexibility when it comes to determining maximum loan amounts and private/public investment ratios. The updated program has also removed public funding percentage caps. Applications are available for such eligible projects as the acquisition of real property, the installation of utility infrastructure, the construction or expansion of commercial or industrial structures and the purchase of equipment.

Additional business incentives in Orland Park include the Mayor’s Business Retention & Expansion Program, Smart Business Incentives, Infrastructure Cost Sharing Incentives, Cook County Property Tax Incentives and various State of Illinois Business Development Programs.

Orland Park’s proximity to a number of well-respected local institutions of higher learning is another valuable asset to enterprises interested in establishing in the Village. Moraine Valley Community College offers a variety of business assistance services through its varied development, testing and technical assistance programs. Moraine Valley, along with Governors State University, Saint Xavier University, ITT Technical Institute and Robert Morris University, have additional programs dedicated to assisting the business community with training and expansion.

Orland Park’s approach to economic development is a regional approach, as the mayor and board of trustees recognize that area growth benefits the community almost as much as its own growth. Therefore, the Village actively cooperates with other municipalities to create a positive climate and actively participates in numerous regional organizations.

As Orland Park continues to grow, its attractiveness to business and industry will increase, enhanced by the Village’s reputation as being among the best places to live. In 2006 and again in 2008, Money Magazine ranked Orland Park among its top 100 Best Places to Live in America, thus giving credence to the secret Orland Park’s residents have always known.

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2012 PUBLICATION ADVERTISERS

A.J. Smith Federal Savings Bank
www.ajsmithbank.com

Controlled Environmental Systems
www.contenvsys.com

David Martino Lutcf Ins Agency Inc
www.farmersagent.com/dmartino

 

 

 

 

 

 

 

 

 

 

 

Controlled Environmental Systems
Dave Martino