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Discover Why Elk Grove Village is Your Ideal Business Partner

Posted by City of Elk Grove Village, Illinois on Thursday, February 1, 2024

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For the past two years, Elk Grove Village, IL has been recognized as the #1 Business Park in the United States by Business Facilities Magazine. Located adjacent to Chicago’s O’Hare airport, the Elk Grove Village Business Park is the nation’s largest business park, with almost 65 million square feet of inventory, 5,600 businesses, and over 400 manufacturers.

Business Facilities Magazine is the primary publication servicing the industrial and manufacturing site selection marketplace. Its ranking takes into account several key factors, including the Business Park's size, proximity to markets, potential for growth, recent expansions, and unique assets such as abundant water resources, on-site utilities, residential developments, and a wide range of amenities. Based on Business Facilities Magazine’s findings, Elk Grove Village excelled in all these aspects, solidifying its reputation as the go-to destination for businesses seeking to thrive in a dynamic and prosperous environment.

Elk Grove Village Mayor Craig Johnson expressed his satisfaction with this recognition, stating, “It is extremely gratifying for us to earn this designation because it means our strategy to recruit and retain manufacturers and high-tech companies is paying off, which is good for our entire community. We’ll keep working every day to ensure that companies considering a relocation know about all we have to offer while also providing top-notch service to the companies that already call Elk Grove Village home.”

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Additionally, Elk Grove Village continues to focus on reinvesting in critical infrastructure to support seamless business operations. The Village recently implemented a new data-driven approach to roadway maintenance, which uses ongoing pavement analysis to prioritize projects based on need. The Village’s 2023 street resurfacing program will invest approximately $5 Million to improve over 9 miles of roads. Additionally, the Village is investing over $7 Million to construct a new water tower to improve water service to businesses.

This recognition solidifies Elk Grove Village's position as the go-to destination for businesses. The Village’s 1.88% vacancy rate is a reflection of a very healthy local economy and an indication that demand for industrial property in its Business Park is among the highest in the Chicago northwest suburb region.

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With its unrivaled Business Park, strategic location, commitment to infrastructure, and Beyond Business Friendly approach, it’s clear why Elk Grove Village remains the best place for businesses to thrive.

To learn more about why Elk Grove Village is the place to be for business, visit MakersWanted.org or contact Business Development Team for more information.

 

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