Economic Development Incentives
The Department of Community Development and Zoning guides and supports economic development efforts in the Village of Franklin Park. The Department works to retain, expand and attract commercial and industrial businesses. The Director of Community Development and Zoning serves as staff liaison to the Economic Development Commission, which reviews all economic development related programs and incentives. These include tax incentives offered through the Cook County 6b Program.
Below are links to information about various business and economic development programs available in Cook County:
Tax Increment Financing (TIF) Districts
Click below to view or download the most recent map of Village of Franklin Park tax increment financing (TIF) districts.
6b Tax Incentive
The Class 6b classification is designed to encourage industrial development throughout Cook County by offering a real estate tax incentive for the development of new industrial facilities, the rehabilitation of existing industrial structures, and the industrial reutilization of abandoned buildings. The goal of Class 6b is to attract new industry, stimulate expansion and retention of existing industry and increase employment opportunities.
Incentive benefits and eligibility requirements are outlined in the Cook County 6b Eligibility Bulletin.
For information regarding 6b tax incentive requirements for the Economic Development Commission and the Village of Franklin Park, please contact Eric Richard, Village Planner, at (847) 671-8278.