OPACC_2015_15
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Business & Economic Development<br />
Orland Park is an excellent choice for business and industry, according to a comprehensive survey conducted by the village. Among the community’s<br />
assets listed by survey respondents were:<br />
• Orland Park’s rapid rate of growth benefits business<br />
because it broadens the customer base and enhances<br />
opportunities for attracting skilled labor.<br />
• The village’s location in the center of a growth area also<br />
makes it an ideal place for business and industry.<br />
• The availability of professional services is a distinct asset<br />
to business.<br />
• Orland Park’s excellent police and fire protection are<br />
important to business and industry.<br />
• The village’s quality of life, demonstrated by good<br />
schools, parks and convenient shopping, is also an<br />
important factor making Orland Park attractive to<br />
business and industry.<br />
Orland Park is home to a diversified economy comprised<br />
of small and midsize industrial and distribution companies.<br />
In recent years, business additions have included a number<br />
of restaurants and new retailers catering to the varying<br />
consumer markets.<br />
Main Street Triangle District<br />
The Village of Orland Park is creating a mixed-use,<br />
pedestrian-friendly, transit-oriented downtown area located<br />
at 143rd and LaGrange Road, also bordering along Southwest<br />
Highway. Centered around the newest Metra Train Station, the<br />
development includes mixed use buildings, parking, spaces<br />
for gatherings, concerts and meandering among the shops,<br />
fountains, lush streetscape and public art of the Main Street<br />
area. This planned redevelopment area is giving new life to an<br />
important part of the Orland Park story --- a new downtown<br />
area that reconnects the village’s past with the village’s future.<br />
Incentives for Relocation and<br />
Expansion in Orland Park<br />
Land availability, location and transportation are key factors<br />
in Orland Park’s appeal to business and industry. The village<br />
is equipped with several large areas set aside for industrial<br />
simplyproven.com<br />
18450 Crossing Dr. Tinley Park 708-614-1770<br />
development and redevelopment, as well as commercial sites.<br />
Among the financial incentives designed to attract new<br />
industry and development is the advantageous Economic<br />
Development Revolving Loan Fund (RLF), which provides<br />
businesses with low-interest financing for new development<br />
or expansion of existing facilities. The interest rate is half the<br />
prime rate. With the changing economy, the program was<br />
recently enhanced to allow greater flexibility when it comes<br />
to determining maximum loan amounts and private/public<br />
investment ratios. The updated program has also removed<br />
public funding percentage caps. Applications are available<br />
for such eligible projects as the acquisition of real property,<br />
the installation of utility infrastructure, the construction or<br />
expansion of commercial or industrial structures and the<br />
purchase of equipment.<br />
Additional business incentives in Orland Park include the<br />
Business & Economic Development<br />
orlandparkchamber.org • The Orland Park Area Chamber of Commerce • 23
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