‘The Place for Business’ underscores the Village’s dedication to ensuring Carol Stream remains a great place to relocate and grow your business. Our Economic Development team works collectively with partners that include the Chamber, Choose DuPage, College of DuPage Office of Business Solutions, the Illinois Department of Commerce & Economic Opportunity as well as commercial real estate professionals to attract business investment into our community. The Village routinely leverages economic development tools to spur investment with the recent construction of the Caputo’s Fresh Market and its adjacent retail units as a recent success.
I am pleased with the success of this cooperative effort as the current industrial vacancy rate is at a historic low of 5 to 6 percent. Plans are underway for a couple of businesses to occupy more than 400,000 square feet of available space in our industrial sector in the coming months. Additional business investment has been proposed that will include a 215,000-square-foot expansion to an existing industrial facility and the construction of a new 350,000-square-foot facility along the North Avenue business corridor. These and other efforts to showcase the many economic advantages that exist within the Carol Stream community and the greater metropolitan region continue to payoff.
The Village has a well-maintained roadway system with $3.5 million of improvements planned for the coming construction season. In addition, the Village has made a substantial financial commitment to constructing a bike-pedestrian network to encourage alternate means of transit and mobility for bicyclists, walkers, runners and the recreating public.
This construction season, the Village plans to make an additional $1.3 million investment in the network that includes
two new regional trail segments and two connecting links to the larger multi-county trail network.
For the third consecutive year, the Village ranked as one of the top 100 Safest U.S. Cities (with populations greater than 25,000) by Neighborhood Scout, the premiere risk analysis firm used by U.S. Fortune 500 companies for their relocation plans. Going forward, the Village will continue the long-standing tradition of balanced budgets, conservative spending, no bonded debt and no tax on real estate to fund Village operations. The Village leaders and staff look forward to working closely with the Chamber to ensure Carol Stream remains a great place to live, work, raise a family and operate a business.
Frank Saverino Sr.
Carol Stream Mayor