Downtown Economic Development Tools Study

Project Description

On March 1, 2018 morning the Economic Development Commission hosted an Economic Development Summit. During the event the panelist discussed issues, opportunities and methods the Village should consider when trying to attract investments and new businesses. One of the key opportunities discussed was the need for the Village to coordinate potential resources that would entice and/or support continued investment in downtown properties and businesses. 

On March 19th the Village Board entered into a consultant Services agreement with Jennifer Tammen of Ehlers & Associates for consultant assistance in the review and analysis of potential economic development funding resources and programing to support public and private investment and development in the downtown area.

The final report is expected to be completed by the end of the summer. Please contact the Community Development at 630-286-5412 with questions or comments.

Project Schedule*

  • Kick-Off Meeting (April 10, 2018)
  • Research (June 1, 2018)
  • Present Preliminary Findings Report to EDC (August 7, 2018)
  • Present Final Report to VB (TBD)

* This schedule may be condensed or lengthened as needed.