While residents once called it Utopia, the early economy of Oakbrook Terrace was rooted in agriculture until suburban growth after World War II. Soon, commercial centers developed along Roosevelt Road and 22nd Street, the two major east-west arteries. This easy access led to the city’s population increasing in the 1970s and new commercial areas were developed in the 1980s.
During the 1980s, DuPage County’s tallest office building, Oakbrook Terrace Tower was completed. Drury Lane, Redbox, the Chicago Automobile Trade Association, ComEd, Ferrara Candy Company, Graycor, The Joint commission and SIRVA all now call Oakbrook Terrace their home.
Oakbrook Terrace has worked diligently to enhance its beautiful Butterfield corridor, implementing a plan designed to expand the community’s access and visibility even more. Oakbrook Terrace’s community development initiatives will ensure the city’s continued economic growth over the next twenty years.
WE WANT YOU HERE!
Today Oakbrook Terrace is one of the most prestigious corporate centers in the region and the most business friendly. The city maintains one of the lowest overall tax rates in the entire Chicagoland area. Also, Oakbrook Terrace’s geographical proximity to all major expressways and airports facilitates employee recruitment from multiple suburban markets. For these reasons and many more, some of the nation’s best companies are headquartered in Oakbrook Terrace, including Redbox, Crowe Horwath and Graycor.
In addition, Oakbrook Terrace has one of the best signage ordinances in the region, allowing for incredible new visibility for companies that are located here. Also, the City of Oakbrook Terrace may consider a range of possible financial incentives, including permit fee rebates, for companies who choose to relocate their offices here – to reduce their operational costs over the term of their new lease. In addition, we can provide information about federal, state, county and municipal government incentives for which companies may be eligible.
Also, please know that the city works diligently with relocating companies to ensure that permit or related requests and other necessary applications are handled in a timely, responsive and efficient manner.
The city also partners with the Oakbrook Terrace Park District and local commercial fitness clubs to provide discounted or complimentary fitness packages for the executive teams and employees of organizations who choose to relocate to Oakbrook Terrace. Relocating companies will also receive community welcome packets for their employees, which include area information and gifts valued at over $500.
Oakbrook Terrace offers a combination of the best incentives, amenities and access, and the best corporate address in the western suburbs. Thank you for reviewing this information with your client. The City of Oakbrook Terrace’s elected officials and staff and the Greater Oak Brook Economic Development Partnership and its corporate leaders are eager to meet prospective commercial tenants and work with them in any way possible to encourage their relocation here.
FACTS & FIGURES
Source: US Census Bureau, 2013 QuickFacts
1,198Number Of Households
Median Household Income:$59,148
$44,345Per Capita Income
$170,700Median Household Cost