Economic Development

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 Open your business where people choose to live,  work,  shop & dine!

Crain's October 17  - Local Economic Development The  Village  of  Mount Prospect  is  an excellent   place  to  live  and   do business.   The Village  offers  outstanding support, several   incentives, tools and resources aimed at attracting new businesses  and economic development   opportunities    while   retaining   and   improving  strong businesses   and   the   talented   labor   pool   that   already   exist  in our community. These programs include  economic  incentives in the  form               of downtown exterior façade and interior remodel grants, provision of               market information, and  guidance  through the  development  process. 

Mount Prospect   was    featured    in    Crain's roundtable discussion on Economic Development!   The Director   of   Community   Development   Bill Cooney   shared his insights on  how  to attract  businesses and the people who   work   for  them  to the Village  of  Mount   Prospect.   Please check out the link online as well.  

TargetBe sure to review the Business Resource Guide, which  contains  information  about the  various services provided to businesses by the Village of Mount Prospect, as well as helpful contacts for other business-related organizations.

 

We are customer service oriented and look forward to assisting you in your economic development efforts by helping you find the right building, land, workforce,  training, or anything else you need to be successful in  our Village.  For more details about opening  a  business  in Mount  Prospect,  please refer to the  menu of business related items to the left, or contact the Village’s Community  Development Director Bill  Cooney  at  847/818-5328 or email.

Start your business

Interested in opening a new business?
The Village of Mount Prospect has partnered with the Mount Prospect Chamber of Commerce, Mount Prospect Downtown Merchants Association and the Mount Prospect Public Library to help new businesses get established by providing a package of innovative economic development resources. The Mount Prospect Entrepreneurs Initiative provides tools to help ensure business success - education, mentoring, marketing opportunities, and networking with successful entrepreneurs. 

Downtown TIF Update (As of October 7, 2016)
The Village Board will consider an ordinance at the October 18, 2016, Board Meeting that would dissolve the existing Tax Increment Financing (TIF) and initiate the process to create the Prospect & Main TIF.

Interested in learning more?
View the TIF Eligibility Study, and Redevelopment Plan and Project.

If you would like to receive notices related to the proposed Prospect and Main TIF, please complete and submit the Application for Inclusion in the Village of Mount Prospect’s TIF Interested Parties Registry.