Tag: economic development

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Former banks coming down

Two former bank buildings are coming down to make way for new developments, one in Flossmoor, one in Homewood.   The old bank branch building on Governors Highway   as seen on Aug. 22. By Sunday, Aug. 26, the building   was almost completely gone. In its place will be a   new[Read More…]

Want to open a new business in Flossmoor? Here’s how to apply for an economic incentive

Prospective Flossmoor business owners who want to ask the village board for financial incentives now have some ground rules for their application process.   At the Flossmoor village board’s July 2 meeting, trustees unanimously approved formal economic development policy guidelines in an effort to clarify what types of financial incentives[Read More…]

Triumph building purchase on board agenda Tuesday

Homewood officials have reached an agreement to purchase a vacant building that has for some time been featured in its plans for downtown redevelopment. Trustees on Tuesday will have an opportunity to approve a contract on the building at 2033-2045 Ridge Road and 18042-18044 Martin Avenue, commonly referred to as[Read More…]

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CN official lauds company relationship with Homewood

Diverse. Stable. Respectful. Those are the characteristics of Homewood that attracted Canadian National Railway to the village and persuaded company officials to locate its U.S. training center here, according to John Orr, CN senior vice president of operations. 

Homewood to consider selling land to developers

At their regular board meeting Tuesday, Sept. 12, Homewood trustees will consider selling three parcels of land at the northwest corner of Halsted and 175th streets that would enable redevelopment of the property. Two developers are involved in the purchase. One developer, GMX, plans to build restaurants on the site. [Read More…]

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