The Village has an Economic Development Fund to assist local businesses. The program provides low interest financing (1/2 of prime rate) to assist businesses that desire to locate or expand in Orland Park. While the program has been in existence since 1987, the Village Board recently approved changes to the program. These changes were in recognition of the current economic climate. To assist our businesses, the program now allows greater flexibility in determining maximum loan amounts, private/public investment ratios, and removes public funding percentage caps. The Village works cooperatively with the business’ lender to ensure the needs of the project are met. The Village’s goal is to retain and create quality full-time permanent jobs and to encourage private investment through these public loan dollars. Office, industrial, warehouse, distribution, and related businesses are given preference. Retail establishments and restaurants will be considered, but are given secondary priority.
Revolving Load Fund Information & Application
. Contact the Development Services Department at (708) 403-5300 for additional information.