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.

This program provides funds to help existing businesses expand.  Incentive potential is reviewed on a case-by-case basis and is based on projected growth in sales and property tax revenue.  Click here for more information.

TIF incentives are offered on a case-by case basis.  The use of TIF is restricted by State Statute.  Designated property must meet the "blighted" definition.  Currently, there is only one existing TIF district located in the Orland Park - the Main Street/Downtown project. For more information on this TIF project, please visit www.downtownop.com.

Illinois Tax Increment Financing Association

Various business development programs are available.
Illinois Department of Commerce and Economic Opportunity

Cook County offers certain incentives to reduce property taxes.  For qualifying projects, rates can be lowered by more than 50% for up to 20 years.  Incentives must be approved by both the Village of Orland Park and Cook County.
Cook County Assessor 

Cost sharing is offered on a case-by-case basis, dependent upon the amount of real estate and sales tax proposed to be generated by the project.  Eligible reimbursement costs typically include road construction, utility extensions and other related public improvement costs.