Maps, Projects & Incentives

Learn more about the economical advantages of Lisle.

Expand Your Business Opportunities

Lisle utilizes various forms of support, assistance and development incentives to attract new business and to assist existing businesses to successfully expand.

LEDP can help you identify programs that would be suitable for new business development and for those existing businesses that wish to expand their business.

LEDP will help to facilitate meetings with appropriate agencies and resources as well as work with businesses to successfully connect with the Village of Lisle.

Request a Pre-Application Meeting – this meeting provides any business with an opportunity to meet with LEDP staff and Village Staff to discuss potential development proposals allowing staff to outline the development process and procedures as well as ensures Village wide coordination.  There are no fees charged for the pre-application meeting and no project is to big or small.   

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Expand your business opportunities

Site Selection

Expand your business opportunities

Business Incentives

The LEDP is committed to support the Village of Lisle elevate the community and its businesses to ensure successful business development and growth. We work to coordinate public and private efforts to improve all of Lisle’s business districts. We also are available to:

  • Facilitate communication between public and private leaders
  • Provide information on resources and opportunities to support business attraction and retention
  • Serve as a source of advice on technical aspects of development in Lisle
  • Provide information to support general economic development priorities and functions
  • Recommend opportunities to cope with economic issues
  • Marketing to all sectors, locally, regionally and nationally
  • Provide community outreach
  • Business advocacy
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For more information on resources, services and programs that are available to businesses of all sizes contact us at info@LisleEDP.com

Business Development Grant Program

In an effort to promote quality economic development, the Village of Lisle has adopted a business development grants program that includes a Restaurant Grant Program, Retail Business Build-Out Grant Program, and a Shopping Center / Multi-Use Retail Grant Program. Grant program applications.

  • Restaurant Program – Allows businesses to be reimbursed for up to 50% of costs incurred to locate a new restaurant within the corporate limits of the Village of Lisle. The maximum program award amount is $50,000 per location. Restaurant Grant Program Application
  • Retail Business Build-Out Program – Allows retail businesses to be reimbursed up to 50% of costs incurred to locate a retail/sales tax generating business within the corporate limits of the Village of Lisle. The maximum program award amount is $15,000 per business. Retail Business Build-Out Program Application
  • Shopping Center/Multi-Use Retail Program – Allows property owners to be reimbursed for up to 50% of costs incurred for rehabilitation of commercial shopping centers within the corporate limits of the Village of Lisle. The maximum program award amount is $50,000 per site. Shopping Center/Multi-Use Retail Program Application

Economic Development Committee is a valuable resource of the LEDP and the Village Board in promoting the economic vitality of the Village of Lisle.

What is a TIF (Tax Increment Financing)

Example of TIF Eligible Expenses

  • Costs of studies, certain administration and professional services
  • Costs of marketing sites
  • Property assembly, demolition, preparation and environmental site improvement costs
  • Costs of rehabilitation, reconstruction, repair or remodeling and replacement of existing public buildings
  • Costs of construction of public works improvements
  • Costs of job training and retaining, including “welfare to work” programs
  • Certain Financing costs
  • Approved capital costs for taxing districts
  • Costs of reimbursing school districts for their increased costs due to TIF assisted projects
  • Relocation costs
  • Payments in lieu of taxes
  • Costs of job training, retaining advanced vocational or career education provided by other taxing bodies
  • Costs of reimbursing private developers for interest expenses incurred on approved redevelopment projects (up to 30% annually of redevelopment costs)
  • Cost of construction for new housing units for low income or very low-income households (for displaced residents within the TIF)
  • Costs of day care services and operational costs for day care

Typical TIF Financing

A developer looks for a variety of funding sources to build out a project.  They will request a loan from a bank.  The bank will review the developer for creditworthiness as well as look at the projected revenue the project will generate.  They are looking for a positive cash flow that is steady and predictable.

Increment financing committed from the TIF is used as a form of cash flow that can be collateralized for a loan to build the project. 

A Pay-as-you-go  increment  reduces the risk to the community. The developer identifies a 3rd party to lend funds based on the increment, not the Village,lowering the risk to the public.

The developer only gets the subsidy that is generated by the development.

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Downtown Lisle TIF

Village of Lisle is Committed to Quality Redevelopment
of Award-Winning Downtown Lisle

The Downtown Lisle TIF provides the financing to build upon the downtown’s already strong foundation and to spur additional economic growth in the area. It will help generate those public-private partnerships with investors and developers necessary to fund and finance quality commercial and mixed-use projects in Downtown Lisle. 

The Lisle Village Board established the following goals for the Downtown Lisle TIF District: 

  • Promote the redevelopment of existing vacant or underutilized property 
  • Provide for the assembly or coordination of property for viable, quality redevelopment projects 
  • Facilitate and coordinate parking improvements that are aligned with Downtown growth and development 
  • Provide for the necessary site preparation, grading and demolition of development parcels 
  • Coordinate redevelopment activities within the district in a manner that conforms with the fiscal and economic development policies of the Village 

Proposed Project For Family Square Location

Family Square Background

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Challenges Identified by Past Proposals

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Proposed Improvement Costs From TIF

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Public Benefit

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Proposed Improvement Costs From TIF

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Proposed Project Opportunities

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Proposed Improvement Costs From TIF

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Positive Opportunities of Proposed Proposal: 

  • Balanced mixed use
  • Right sized retail
  • Visual appeal on Ogden and Main Street
  • Public parking
  • Owner has a strong positive track record
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