Olympia Fields offers resources, ongoing initiatives, and government programs that provide direct technical and financial assistance to companies that are interested in either locating or expanding in the Village. Take a tour of the information and links below. For follow-up questions and additional details click here!
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► Chicago Southland Economic Development Corporation
► Chamber 57
► Chicago Southland Chamber of Commerce
► Chicago Southland Convention and Visitors Bureau
► Governors State University
► Illinois Department of Commerce and Economic Opportunity
► Prairie State College
► Small Business Administration
► Small Business Development Center at UIC
► Southworks MakerLab Network

Chicago Southland Economic Development Corporation (CSEDC)

The CSEDC is a dynamic organization focused on promoting economic development in the Chicago Southland.  The Village of Olympia Fields partners with them on many initiatives, including the Select Chicago Southland program to promote new retail opportunities and their efforts to promote Transit Oriented Development (TOD). Learn More

Chamber 57

Chamber 57 is a Chamber of Commerce for communities within the I-57 corridor in the south suburbs, including Olympia Fields, Matteson, Richton Park, University Park and Park Forest.  Their focus is on small business education and networking.  Learn More

Chicago Southland Chamber of Commerce

The Chicago Southland Chamber of Commerce provides regional leadership, advocacy, strategic alliances and programs that unite and grow its members and the business community.  It serves a five-county area, including Olympia Fields.  Learn More

Chicago Southland Convention and Visitors Bureau

The Convention and Visitors Bureau provides Destination Marketing for 62 south and southwestern Chicago area suburbs including Olympia Fields.  They offer many opportunities for business promotion, particularly for restaurant and retail businesses.  Learn More

Enterprise Zone

Businesses within enterprise zones are entitled to receive various types of financial aid. These include tax benefits, special financing and other incentives designed to encourage businesses to establish and maintain a presence within the specified zone. Learn More

Governors State University

Founded in 1969, Governors State University (GSU) is a four-year public university that champions openness, innovation and flexibility. Serving more than 5,500 students, GSU offers 64 degree and 24 certificate programs.  They also offer a wide variety of cultural resources, including the Center for the Performing Arts and the Nathan Manilow Sculpture Park.  GSU is located just south of Olympia Fields in University Park.   Learn More

Illinois Department of Commerce and Economic Opportunity (DCEO)

DCEO offers assistance to small businesses including information regarding laws and regulations, loan programs, and small business incubators and work spaces.  They also offer a helpful booklet titled “Starting Your Business in Illinois Handbook”. Learn More

Prairie State College

Prairie State College provides a wide variety of Associate degree and certificate programs, continuing education opportunities, and corporate training activities from their location in nearby Chicago Heights. Learn More

Small Business Development Center at UIC

The Small Business Development Center at the University of Illinois Chicago (UIC) offers direct consultation, assistance with creating a business plan, and many seminars and events focused on helping small businesses succeed – with a particular focus on supporting entrepreneurship. Learn More

Small Business Administration (SBA)

The SBA also provides many resources to small businesses, including loans, assistance with doing business with governments, and a blog with many helpful articles.  The SBA also supports a non-profit called SCORE, which provides free mentoring, business tools, and workshops and webinars. Learn More

Small Business Development Center

The Small Business Development Center at Governors State University (GSU) offers direct consultation, assistance with creating a business plan, and many seminars and events focused on helping small businesses succeed.  There is also an International Trade Center that offers assistance with doing business internationally. Learn More

Southworks MakerLab Network

The Southworks MakerLab is a network of locations in the Chicago Southland that provide opportunities for individuals or small businesses to access a variety of tools including things such as 3D printers and scanners, welders, electronics, lathes, and more.  They also provide opportunities for connect and learn from others through direct networking and through seminars and events.  Locations near Olympia Fields include:

Tax Increment Financing

Almost all of the development opportunities present in Olympia Fields are within a Tax Increment Finance (TIF) District. What this means?  TIF is a mechanism to capture the net new or incremental taxes that are created when a vacant or underutilized property is redeveloped and use those revenues to help finance the project. Learn More

Demographic Highlights

► Population (July 2015): 5,025
► Population percent change from 2010: 0.7% (April 1, 2010 population: 4,988)
► Median household income (2014): $89,688
► Total firms (2012): 704