Development

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!

A large glass building with trees in front of it.
  1. Opportunities
  2. Education
  3. Location
  4. Government
  5. Residential
  6. Staff

Development Opportunities

Hanover Park is filled with excellent development opportunities. View our community's development potential (PDF).

Business Opportunities

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.