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Economic Development Development Assistance Programs

Pro-business.  Pro-development.  The Village of Streamwood casts itself in the non-traditional role of facilitator rather than simply a regulator.  It’s an attitude that drives the Village's Development Department.  Developers continually commend the Village for its streamlined approvals process.

 The Village also conducts an ongoing business retention program.  The Village strives to be a partner with local business. Working as partners, the Village seeks ways to keep businesses competitive.  Tax incentives, revised tax classifications or utilization of alternate revenue strategies are just a few ways in which businesses can profit and reinvest.

Read about the Tax Incentive Programs available to commercial, industrial and residential developers in Streamwood and in Cook County.   The Village is willing to consider any of these programs on a case-by-case basis. Some of these program require specific Village Board action, and some require approvals by other government agencies. We suggest you consider how these approval processes may impact your business plan.

Additional inquiries or information can be directed to the Planning and Human Resources Department.  If you have any questions, please contact Sharon Caddigan, Development Director, at (630) 736-3832.

Cook County Tax Classification and Loan Programs

These programs reduce the taxable assessment level of property under certain specific conditions. Application is made to the Cook County Assessor’s Office. Application must be made to the County prior to commencement of construction. And, the Village must support the application through adoption of a Resolution. Copies of the application are available from:

Cook County Assessor's Office - Development Incentives
118 North Clark Street - Suite 301
Chicago, Illinois 60602
(312) 603-7529

Information on application requirements to meet the Village Board’s agenda for the supporting Resolution, please contact:

Village of Streamwood
Planning and Human Resources Department
301 E. Irving Park Road
Streamwood, Illinois 60107
(630) 736-3832
Contact: Sharon Caddigan, Director

TIF Districts, Commercial Business Districts and Shared Sales Tax Revenue Programs

These programs provide opportunities for the municipality to work with a developer to make a project happen. The community can provide initial funding for a project that is expected to generate substantial tax revenue. All require formal Village Board action. For information on application requirements to meet the Village Board’s agenda, please contact:

Streamwood Finance Department
301 E. Irving Park Road
Streamwood, Illinois 60107
(630) 736-3815
Contact: Mary Johnson, Director

Industrial Revenue Bonds and Special Service Areas

Specific bond issuance or tax generation program aimed at recapturing expended costs to pay for infrastructure improvements. Both programs require formal Board action. For information on application requirements to meet the Village Board’s agenda, please contact:

Streamwood Finance Department
301 E. Irving Park Road
Streamwood, Illinois 60107
(630) 837-0215
Contact: Mary Johnson, Director

Tax Incentives

Click here to read about our Tax Incentives.

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