Economic Development

Economic Development Tasks

The tables below list the responsibilities of the Community & Economic Development department in regard to Economic Development in the Village of Hanover Park. 

Main Responsibilities
Business Recruitment

Business recruitment efforts include:
  • Maintain the Available Sites database
  • Attend International Council of Shopping Centers (ICSC) events, Chamber events, conferences/seminars, call potential businesses
  • Match requirements of retailers to properties that are available within the community
  • Pair up with other organizations to promote entrepreneurship within the Village
TIF Administration & Reporting

Employees of the Community and Economic Development Department do the following tasks related to TIF:

Business Retention

The Community and Economic Development Department undertakes the following measures to retain businesses:

  • Connect resources and information to local business owners
  • Host one-on-one meetings with business owners
  • Keep businesses informed on current projects within the Village through the Economic Development Committee meetings and events
  • Maintain mailing lists for information dispersion (developer’s/broker’s list, property/business owner’s list, shopping center/property manager list)
  • Update the online Business Directory
  • Conduct a Business Retention Survey
Economic Development Committee Staff Liaison

The Economic Development Committee staff liaison does the following:

  • Business After Hours (February)
  • Conduct welcome visits for new businesses
  • Coordinate Ribbon Cuttings
  • Hold special events to promote community organizations and local businesses
  • Host meetings with business owners
  • Present pertinent information to small business owners
  • Realtor and Business Reception (November)
Market the Village

Village marketing efforts include:

  • Attend/represent the Village in regional meetings
  • Develop brochures to distribute at conferences, seminars, meetings and online
  • Edit and publish Hi-Lighter Newsletter
  • Ensure all application forms and handouts are available online
  • Host Developer’s/Broker’s Breakfast and Tour
Represent the Village

Members of the Community and Economic Development department do the following at regional events:

  • Attend chamber events and various seminars sponsored by DuPage Mayors and Manager’s Conference, Choose DuPage, Illinois Development Council, ICSC, etc.
  • Distribute marketing materials and other information at the ICSC and Chamber events

Continuous Learning

  • Employees of the Community and Economic Development Department conduct courses, seminars, and conferences related to economic development.


Other Responsibilities
Communicate with the business sector
Connect resources to our local businesses
Conduct various Market Studies
Maintain membership with ICSC