Economic Development

Elected officials, industry groups and residents talk about the importance of economic development. Ok, so what is economic development?  

Economic development is the deliberate process of targeted activities and programs that work to improve the economic well being and quality of life of a community.  Economic development builds local wealth, diversifies business activity, retains and creates jobs and builds the local tax base.

The Village of Lake Zurich is a mature community with little opportunity to add to the geographic footprint.  Therefore, spurring sustainable economic growth is focused on:

  • Strategic partnerships with organizations that promote Lake Zurich
  • Marketing of existing land and buildings available for sale
  • Redevelopment of land and buildings for a new purpose
  • Retaining and expanding existing businesses by cutting red tape

This section of the website is designed for businesses, entrepreneurs and prospective businesses to find community information.  It also connects businesses with our economic development team to assist with locating in or expanding your existing Lake Zurich business.