Economic Incentives

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 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


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