2020 Business Roundtable PresentationIn February, 2020 Village Mayor Kownick gave a presentation to Cary Grove Chamber members and local Business Leaders on the Village's Business activity and growth over the past year.
2020 Business Roundtable Presentation
Overview Economic Development is a top priority for the Mayor and Village Board, as they are committed to creating and maintaining a positive business environment. More important now than ever before, Village officials and staff must be action-oriented with community and economic development and provide services and leadership to meet the needs of local businesses. The Community Development Department works diligently to support and promote growth of current Village businesses and to add new business opportunities to the Village. Click the link below to view the Village's Economic Development Brochure.
Village of Cary Economic Development Brochure
Available Property Information The Village of Cary offers a listing of available retail, office and industrial space. The information is gathered from third party sources and is deemed accurate but not warranted. Please contact the Community Development Department at 847.639.1100 if you are interested in locating space or property for your business within the community.
DemographicsCensus data released in February 2011 shows Cary's population is 18,271, which is a 17% growth over the 2000 Census.
Additional Demographic Information
Economic Development Plan and Incentives PolicyThe Mayor and Village Board of Trustees have approved an Economic Development Plan and Incentives Policy. The intent of the Plan is to identify specific actions, priorities, and programs to enable the Village of Cary to achieve its economic development goals by building upon the Village's economic assets and identifying new opportunities. The ultimate goal is to increase employment, facilitate the robust growth and expansion of businesses, improve the quality of life of all residents and businesses, enlarge the tax base, further promote and develop the downtown, and position the Village as an attractive place to live and work. Click on the link below to view the Plan.
Village of Cary Economic Development Plan
The Mayor and Village Board of Trustees encourages economic development efforts in order to strengthen the Village's tax base, create jobs and stimulate and promote availability of new areas of commercial development while maintaining a high level of support to existing business. Building upon the recommendations in the Village's Economic Development Plan, this Economic Development Incentive Policy is to outline parameters for which the Village of Cary may provide assistance to achieve its economic development goals. Click on the link below to view the Policy.
Village Economic Development Incentives Policy
The Village of Cary has established a low interest loan program in order to stimulate economic growth in the Village of Cary by assisting with the retention and growth of the existing industrial and commercial base, providing needed capital to new start-up businesses, encouraging the development of minority and female owned businesses and providing an incentive for established businesses to relocate to Cary. The program may assist with site development/infrastructure extension costs, construction of new facilities or additions, renovation of existing facilities, leasehold improvements, purchase of new equipment, and working capital. For every $15,000 loaned, the program requires that one full time equivalent job be created with a minimum of 51 percent low-to-moderate income benefit. For additional information on the program and application requirements contact the Community Development Department at 847.639.1100.