Economic Development

ECONOMIC DEVELOPMENT


 _______________ Build What’s Next in Carpentersville _______________

Carpentersville offers a market-aware, development-ready environment with strong regional access, a skilled workforce, and targeted incentives.

With established corridors, planned expansion west of Randall Road, and a collaborative municipal approach, the Village helps projects move efficiently from concept to completion.

Contact Econ Dev
Carpentersville Geographic Map

WELCOME TO THE  VILLAGE OF CARPENTERSVILLE

Located in one of Illinois most competitive, stable, and growing Chicago Metropolitan markets, the Village of Carpentersville is ready to do business with you.

Carpentersville is a pro-growth, pro-business community, and a hot spot for new development opportunities. Served by three regional Transportation Corridors (Randall Road, Illinois Route 31, and Illinois Route 25), the Village of Carpentersville offers easy access to quality infrastructure, multiple sites for both large and small-scale developments, new residential rooftops, and a market gap/leakage of over $200 million in unmet demand potential for retail trade/food and drink establishments.

Carpentersville also understands the risks and challenges of development and offers strong governmental support with a team of experienced staff and professional development consultants, an expedited approval process, competitive permit fees, and generous TIF and development incentives. 

CVilleStats
4DevelopmentAreas_CVille


FOUR DEVELOPMENT AREAS.

 DISTINCT MARKET FUNCTIONS.

Route 25 Corridor

IL Route 25 Corridor
Community-oriented commercial corridor supporting neighborhood-serving retail and reinvestment.

Route 31 Corridor

IL Route 31 Corridor
Adaptable industrial and employment corridor supporting manufacturing and regional connectivity.

Randall Rd Corridor

Randall Road Corridor
High-visibility regional commercial corridor serving a broader trade area and consumer market.

Western Expansion (1)

Western Expansion Area
Future-focused growth area positioned for flexible, market-driven development.

Why Carpentersville
Commercial Industrial Stats (2)

A Strategic Environment for Development

Carpentersville offers a strategic environment for development grounded in market awareness, location advantage, and municipal partnership.

  • Multiple Distinct Corridors
    Established commercial/industrial districts along Randall Road, Route 31, and Route 25 — plus planned expansion west of Randall Road — each approached with a clear understanding of market role and dynamics, infrastructure capacity, and long-term potential.

  • Strong Employment Base
    A diverse economy anchored by advanced manufacturing, logistics, food processing, and technology-driven industries, supported by a skilled regional workforce.

  • Access to Regional Arterials
    Direct connectivity to major transportation routes and proximity to the greater Chicago metro area — without the costs or limitations of a dense urban core.

  • Targeted Economic Development Incentives and Tools
    Support for investment and redevelopment through Tax Increment Financing (TIF) districts and Opportunity Zones, aligned with viable, market-driven projects.

  • A Collaborative Village Partner
    Professional and experienced staff, with a hands-on, coordinated approach to development that aligns site readiness, infrastructure planning, and market realities from concept through completion.

Carpentersville is focused on helping development work—efficiently & successfully.

Econ Development Area Map
Category 3-MILE 5-MILE 7-MILE
Population  36,332 134,106 260,369
Households 13,062 48,576 95,259
Ave HH Income $154,908 $131,461 $128,579
Median Age 40.9 38.8 39.6
Total # of Businesses  1,261 4,278 7,822
Daytime Population  34,503 118,285 233,169
Unmet Demand Potential (Retail Trade, Food & Drink) $161,655,069 $199,337,257 $318,477,496

Economic Data: February 2026. Provided by Why Kane at Randall and Huntley Road Intersection 

DEVELOPMENT AS PARTNERSHIP

A Collaborative Approach to Development

Carpentersville works closely with developers, property owners, and businesses to support viable projects and long-term success.

The Village offers tools such as:

  • Strategic use of tax increment financing districts

  • Redevelopment and incentive programs

  • Coordinated, streamlined and simplified approval processes

  • Direct staff engagement throughout the development process

This approach allows projects to move forward with clarity, consistency, and responsiveness.

Contact Economic Development (1)

WHICH CORRIDOR IS RIGHT FOR YOUR PROJECT?

Route 25 Corridor

Neighborhood-serving commercial & reinvestment

Route 31 Corridor

River-oriented redevelopment & mixed-use

Randall Rd Corridor

High-traffic, high-visibility commercial core.

Western Expansion

Future-focused growth west of Randall Road