Economic Incentives
Village Incentive Policies
The Village has developed an Economic Incentive Policy for new businesses, which implements the “explore all options” approach, and a separate policy for existing businesses on business retention. Both policies were reviewed by the Economic and Community Development Committee and approved by the Village Board.
Questions? Contact staff at cd@villageoflombard.org.
Economic Development Partner Resources
Did you know there are other organizations that offer incentives or provide training and resources that could benefit your business?
- Choose DuPage Connect DuPage - Supplier Diversity Program
- Workforce Development & Training - grant funding, assistance in finding employees, training for existing employees
- Comed - Incentives & Economic Development Support
- Intersect Illinois
- Nicor Gas Toolkit
- Innovation DuPage - business incubation and acceleration
- Illinois Department of Commerce & Economic Opportunity - job creation incentives, large scale roadway improvement and utility grants
- DuPage County, Department of Transportation
- C-PACE - energy efficiency programs and financing
- College of DuPage Business Development Center - assistance and guidance to start, grow, and manage a small business
Economic Development Plan
The Village of Lombard, through its adoption of its Economic Development Plan in 2011, has identified a number of strategies that should be undertaken to assist the private sector in the development of key properties and/or attracting desired businesses to the community. The Plan recognizes the Village Board’s desire to “continue to expand economic development strategies to attract, maintain or expand business opportunities within the community, to include creating innovative solutions to fill commercial vacancies and innovative solutions to vacant lot development.”
The Plan identifies four economic development goals:
- • Retain, expand and attract commercial and industrial businesses
- • Promote general economic development and business growth
- • Increase municipal revenue sources and identity incentives for specific development opportunities
- • Encourage redevelopment along key commercial corridors
Incentive Agreements
- Blue Stone/Thornton's Gas Station Incentive Agreement
- Mariano's Incentive Agreement
- Yorktown Commons Incentive Agreement
- Hoffmann Group/Golf Social Incentive Agreement
- Holladay Properties/Lilac Station Incentive Agreement
- Heritage Cadillac Incentive Agreement
- D.R. Horton The Summit at Yorktown Incentive Agreement
Downtown and TIF Business Grants
Looking for information on our TIF grants? These grants can help small businesses in downtown Lombard, and East St. Charles Road.
Questions? Contact staff at cd@villageoflombard.org.