Title/Name/Summary
Village of Orland Park Relocation Incentive Program for Orland Plaza Businesses
History
In an effort to continue the Village’s strong history of being business friendly and promoting economic development, Mayor McLaughlin has developed and is proposing a new incentive program for impacted existing Orland Plaza Businesses. The program provides additional Village assistance for businesses who choose to relocate within Orland Park. A summary of the details of the program is attached for review.
While the Village is required by law to pay for certain relocation costs, these proposed incentives are over and above federal requirements. It is Mayor McLaughlin’s hope and desire that every business that decides to relocate, will choose Orland Park.
The proposed program will result in real cost savings for each business, ranging from $4,000 to upwards of $50,000.
Recommended Action/Motion
I move to approve President McLaughlin’s Relocation Incentive Program for Orland Plaza Businesses, as outlined in EXHIBIT A.