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Business Incentive Programs
Revolving Loan Program
The village has an Economic Development Fund to assist local businesses. The program provides low interest financing, half of the 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.

Goal & Priorities
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. You are able to download the application online.

Mayor's Business Retention & Expansion Program
The Mayor's Business Retention and Expansion 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.

Tax Increment Financing (TIF)
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 the Downtown Orland Park website.

State of Illinois
Various business development programs are available, visit the Illinois Department of Commerce and Economic Opportunity website for more information.

Cook County Property Tax Incentives
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. Contact the Cook County assessor for more information.

Infrastructure Cost Sharing Incentives
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.