Explore a world of development opportunities in Hanover Park, Illinois. As a suburban community with a population exceeding 38,000, Hanover Park benefits most from its location at the western end of the Elgin-O’Hare Expressway and along Metra’s Milwaukee-West Commuter train line. The Elgin-O’Hare Expressway allows convenient access to O’Hare Airport and the entire Chicago area, while the Metra train line provides commuters direct access to Chicago’s Loop in under an hour. The Village is located within 30 miles of downtown Chicago, and 15 miles from O’Hare International Airport.
Hanover Park possesses a strong, diverse, and growing tax base supported by over 400 businesses. The Village possesses more than 4 million square feet of business park space in 3 business parks with campus-like environments and international corporations. A variety of businesses call the Village of Hanover Park home, from the smallest commercial enterprises to Fortune 500 companies.
Many commercial opportunities are available for future growth within the community. The Village is promoting a mixed-use Village Center project, including commercial and residential development adjacent to the Metra commuter rail station. Other sites for commercial and business park development are also available throughout the Village.
Various development incentives are available, including TIF, Sales Tax Sharing, Rental Concessions, Permit Discounts, and Startup Assistance.
The Village of Hanover Park was originally incorporated in 1958, and has been steadily growing for the last 50 years. The Village features a council/manager form of government, including a Village President/Mayor, six trustees elected at-large, and a Village Manager to oversee day-to-day operations. Hanover Park is a home-rule community under the Illinois Constitution.
FACTS & FIGURES
Source: US Census Bureau, 2013 QuickFacts
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