Step 5: Long Term Business Retention

Another important component to the Village’s economic development efforts is meetings with local businesses or “business retention visits”. These meetings provide the Village with the opportunity to better understand the needs of local businesses and how the Village might play a future role in helping businesses expand within the community. This effort helps build relationships which are important considerations for a business deciding in the future whether to relocate or stay within the community.

Visits between Village staff and businesses provide companies with a local contact that can help address questions or future needs. After the business visit, Village staff provides follow up to any issues or questions that arise during the meeting.

Following visits, the Village remains in contact with the business, providing assistance when needed.

Sometimes business closures or relocations are out of the Village’s control. However, the Village’s commitment to local business success through retention visits benefits the community by helping to maintain a locally strong economy and an employment base for Lombard residents.

Contact the Village’s Community Development Department for more information at 630-620-5749.