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The Glen Ellyn Economic Development Department markets the availability of business awards and incentives offered by the Village of Glen Ellyn to targeted businesses in its recruitment efforts.  The Village of Glen Ellyn manages two business award programs, the Downtown Retail Interior Improvement Award Program for new and expanding downtown retailers & restaurants, and the Commercial Facade Improvement Award Program which assists property owners and tenants Village-wide with their exterior appearance projects.  In addition, Economic Incentive Guidelines have been established to formulate the possibility of incentives that enable desirable economic development.
Economic Incentives
The Village of Glen Ellyn believes that local businesses are a valuable and important part of our community. Businesses contribute to the vitality and strength of our Village and Glen Ellyn aims to be a welcoming place for businesses. We welcome the opportunity to discuss business and development opportunities within the Village and the possibility of incentives that enable desirable economic development.
Incentives are a tool to encourage and maintain quality development in the Village and should be used in the best interest of the community by providing growth and long-term value. The impacts on all stakeholders should be considered before the Village Board decides to approve or deny a request for incentives.
The referenced incentives are not inclusive and use of any incentive is at the sole discretion of the Village Board. All requests for incentives will be reviewed on a case-by-case basis and upon the merits of each situation. Meeting policy guidelines does not guarantee assistance and the approval or denial of one project shall not set a precedent for approval or denial of other projects. The Village’s intention should be to provide the minimum amount of assistance necessary to make the project viable while carefully considering the long-term financial and community impacts.  We welcome you to contact the Economic Development Office today to discuss whether incentives may be available for your development opportunity.
Village of Glen Ellyn Tax Increment Financing & Economic Incentives Guidelines - July 2016

Downtown Interior Improvement Award

The Village established the Downtown Retail Interior Improvement Award Program in February 2009 as an incentive tool for recruiting targeted retailers and retaining growth retailers in the downtown commercial districts. The program was restructured in April 2014.  The current program offers financial assistance in the form of an award up to $15,000 to new business owners or existing retailers with eligible improvements.
Interior improvement assistance provides the following benefits:
  • Improves our competitive edge with other communities for recruitment success
  • Awards businesses for their investment into commercial buildings
  • Serves as a direct means to partner with new and expanding retailers and property owners
  • Leverages private investment for higher quality interior improvements

Commercial Facade Improvement Award

Exterior renovations improve the attractiveness of our commercial areas to customers and visitors, directly affecting the value and viability of our business community.  The Village has supported the business community’s investments into their properties and building via the Façade Program since 1997.  The program was restricted in April 2014, to award permanent façade improvements.   The current program provides financial assistance of an award up to $15,000 for eligible exterior improvements. 
Façade assistance provides the following benefits:
  • Awards businesses for their investments into the commercial building inventory for appearance improvements
  • Serves as a direct means to partner with business and property owners
  • Leverages private investment for higher quality exterior improvements
  • Positively impacts appeal to customers increasing business traffic and sales

Fire Prevention Award

The goal of the Village of Glen Ellyn Fire Prevention Award Program is to assist businesses and property owners with meeting life safety code improvements and assisting in preserving the unique building stock within the downtown.  The program supports the installation of fire alarm and sprinkler systems in buildings located in the C5A and C5B business districts.  Businesses/property owners participating in the Village’s Downtown Retail Improvement Award Program are not eligible for this Award program, however, fire safety improvements are eligible and required under that program as well.
Fire Prevention Assistance Program Provides the following benefits:
  1. Awards businesses and property owners who invest in life safety improvements in their building/business
  2. Leverages private investment in downtown properties
  3. Supports the Village’s commitment to preserving the unique building stock in downtown Glen Ellyn

 

 
 
Glen Ellyn Civic Center
   
535 Duane St. Glen Ellyn IL. 60137
(630) 469 5000
©Village of Glen Ellyn, IL