Economic Development

Village Overview & Demographics

The Village of Hazel Crest is a peaceful, suburban community of approximately 14,000 residents. Founded in 1912, its name originated from the hazel nut trees that were known for the area. Still known for its trees, green space and streams, Hazel Crest is located 25 miles south of downtown Chicago. You’ll find several TIF districts, tax-reducing strategies, engaged elected officials, and enthusiastic professional staff all waiting to help you make Hazel Crest the home of your next project! To learn more, click here.

Goal & Priorities

It is the goal of the Village of Hazel Crest to retain and create quality full-time permanent jobs by attracting private investment for office, industrial, warehouse, distribution, and related businesses, in addition to retail establishments and restaurants.

Business Incentives

Cal Sag Enterprise Zone
Business developers may benefit from discounts on village permits, state sales tax, construction costs and real estate incentives via the Cal Sag Enterprise Zone.  For more information about the Cal Sag Enterprise Zone business development incentives, log on to the website at http://calsagezone.com/.
Cook County Property Tax Incentives
Cook County offers certain incentives to reduce property taxes.  For qualifying projects, rates can be lowered for years. Incentives must be approved by both the Village of Hazel Crest and Cook County.  Contact the Cook County Assessor - http://www.cookcountyassessor.com/.
State of Illinois
For information about available business development programs, contact the Illinois Department of Commerce and Economic Opportunity - https://www.illinois.gov/dceo.

Tax Increment Financing (TIF)

TIF incentives are offered on a case-by-case basis up to 50% reimbursement of eligible expenses. The use of TIF is restricted by state statute.  Currently, there are three active TIF districts located in the Village of Hazel Crest:  Along 167th Street, along 183rd Street and in the original section of the village called The Proper.  (The fourth, Cherry Creek TIF, is not active).