Economic Development in Brookfield

In 2015 the Village of Brookfield’s leadership established the Department of Community & Economic Development. The mission of the department is to focus and manage all development activity within one department.  Key economic development activity includes financial and non-financial activities or programs as listed below:

The department’s key financial actions include:

  • Establishment of a new TIF for future priority areas
  • “Re-TIF” of certain portions of the Ogden TIF District
  • Tax code division of the Ogden TIF
  • Business district formation, either as an overlay upon a TIF District or in a different business area
  • Cook County incentives
  • Mini-TIF as it relates to the municipal tax rate
  • Grant acquisition
  • Land assembly (including acquisition of abandoned homes)

The department’s key non-financial actions include:

  • Branding with an array of broad outreach and marketing actions
  • Narrowly targeted outreach to developers, commercial property owners, and end users
  • TOD-projects involving higher-density multi-family homes
  • Systematic hotel improvements
  • Mandated improvements by owners of properties
  • Comprehensive street-scaping along Ogden
  • Comprehensive signage upgrades along Ogden
  • Coordinated bike improvements including the establishment of striped bike lanes, bike signage, bike racks at priority areas, 31st Street bike lane to Zoo, marketing to Active Transportation Alliance members, etc.
  • Leveraging recreational assets of the community
  • Infrastructure improvements along certain roads

 

Refer to the presentations below to learn more!

2017 Economic Development Strategy

> 2016 Year in Review; Key Development Metrics