Glen Ellyn Economic Development FAQs
How does Glen Ellyn Economic Development serve as a local business resource center?
Glen Ellyn Economic Development supports all phases of business in Glen Ellyn -- new, existing, and expanding ventures. Using a centralized business and commercial property database, we can provide convenient, comprehensive, and timely information about doing business in Glen Ellyn. From business start ups through to existing businesses that want to expand, Glen Ellyn Economic Development will facilitate your process, saving you time and money, and improve your information base.
What is the organizational structure of Glen Ellyn Economic Development
Glen Ellyn Economic Development is structured as a not-for-profit corporation. An eight member volunteer Board of Directors oversees the policy direction, activities and budget of the Corporation. The Chamber of Commerce and the Village each appoint four directors to serve four-year terms. The Director must be a resident, a business property owner, or an officer of a Glen Ellyn business or corporation.
The Village President, the Chamber of Commerce President, the Planning Director of the Village, and the Executive Director of the Alliance of Downtown Glen Ellyn all serve as ex-officio members on the Board of Directors. This structure ensures excellent internal communication on matters related to the business climate and economic development.
The Executive Director acts as the spokesperson and liaison and manages the day-to-day operations and activities of the Corporation.
How is Glen Ellyn Economic Development funded?
Glen Ellyn Economic Development funding comes from the Village of Glen Ellyn. A Special Service Area (SSA) tax levy on commercial properties within the corporate limits provides the primary revenue stream used by the Village of Glen Ellyn to fund economic development efforts. No residential property taxes are involved in EDC revenues.