Economic Development Strategic Plan
The Economic Development Strategic Plan aims to position the community for economic development opportunities now and in the future.
The Market Assessment and Existing Conditions Report is one of the project's early deliverables and provides an overview of the existing conditions in the Village. It represents several months of research and analysis on topics such as employment, businesses, commercial development, demographics, community amenities, and public outreach. It was presented in 2015 and represented a basis for the development of the Economic Development Strategic Plan.
The Economic Development Strategic Plan was adopted in 2016 and is organized under the following three main goals:
- Economic Growth Goal: The Village will maintain, strengthen, and grow its businesses and employment and continue to be a key employment center for the region.
- Land Use and Development Goal: Buffalo Grove will sustain and grow its economic base with new, redeveloped, improved, and maintained commercial development and infrastructure that are functional, appealing, and contribute to the Village's competitive position.
- Quality of Life Goal: The Village will maintain and enhance services, amenities, resources, and partnerships so to foster a vibrant, livable, and desirable community in which to live, work, and play.