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Economic Development—Retail/Commercial

The establishment of an Economic Development Corporation. This independent economic development entity will serve as a partnership between government and business, and will promote a pro-business environment in Wheeling resulting in a vibrant economy. It is recommended that the corporation include members of government, business and the community. It is further recommended that the village and the business community provide financial support to ensure its success.

The Economic Development Corporation should include the following key responsibilities:

  • The creation of a well-defined attraction and retention strategy.
  • The development of a database on all existing, departed and prospective businesses.
  • An in depth review of the requirements for new business approvals and business improvements including fee structure, for the purpose of improving the process by which desirable business can locate and successfully operate in Wheeling.

    The Retail/Commercial team further recommends the construction of a hotel/convention center near Palwaukee Airport, and the construction of a hotel/banquet facility on Lake Cook north of Wal-Mart.

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