Business and Economic Development
SKOKIEBIZ - In the News
Demolition of the former Sanford Brown building located at 4930 Oakton continues to accelerate. Read on...
On March 7, 2022, the Skokie Village Board approved the designation of Westfield Old Orchard shopping center, the Village’s premiere sales tax generator, as an official Business District. Read on...
During the recent creation of the Westfield Old Orchard Business District, the possibility of mall ownership changes or joint ventures were contemplated and addressed by Village leaders. Read on...
Construction is expected to begin later this year on a new 23 unit mixed-use residential building located at 3300 Dempster Street. Read on...
Through thoughtful planning, overall spirit of cooperation, and a steadfast vision for growth, Skokie has grown into a thriving center of commerce, with many vibrant retail centers, commercial districts, employment centers, a strong and diverse industrial base, and extensive professional services. Businesses in Skokie appreciate their strategic location here for many good reasons.
Fiscal Resolve and Strategic Location
The Village has not increased its property tax levy since 1991, and there are no head taxes, sewer taxes or impact fees as there are in other municipalities. Skokie geographically sits in a prime location connected by major highways and public transportation to Chicago and O'Hare Airport, conveniently accessible to suppliers, customers, and labor markets.
The Village's high bond rating attests to a strong economic health and prudent fiscal management. Skokie is the first municipality nationwide to achieve nationally accredited Police, Fire, and Public Works Departments, and a Class-1 Fire Department as rated by the Insurance Services Office (ISO).
Skokie boasts many fine cultural and recreational attractions, a high quality housing stock in a variety of styles and prices, and an excellent array of both public and private schools. Some of the country's finest universities and community colleges are also in close proximity to the Village. Thanks to the community's strong tax base, Skokie's 67,824 residents enjoy the best in school districts, parks and recreational programs. The Village consistently ranks in the Top 5 Suburbs in which to buy a home by Crain's Chicago Business.