Route 25 Corridor and Tax Increment Financing District
Route
25 is the primary business corridor of Carpentersville's east side. This
area includes the Meadowdale Shopping Plaza and an assortment of
retailers and restaurants. In 2012, the Village approved the Route 25
Tax Increment Financing District as a means of utilizing public
resources to stimulate additional private investment in the area. This
tax increment financing district is designed to assist large scale
commercial redevelopment and related public infrastructure improvements
in this 156 - acre area. The average daily traffic count on Route 25 at
Besinger Drive is 28,000 vehicles per day.
Spring Hill Mall/Route 31 and Huntley Road Commercial Corridor
Shared with the Village of West Dundee, Spring Hill Mall has served
as a regional commercial anchor for almost thirty years. Major
commercial retailers within the Village of Carpentersville include Home
Depot, Carson Pirie Scott and Kohl's. The center is linked to rapidly
growing western Kane County by Huntley Road. The daily traffic count of
Route 31 in this area is approximately 27,000 vehicles per day while
Huntley Road is 18,000 vehicles per day.
Randall Road Corridor
The high volume traffic of Randall Road (average daily count: 39,000
vehicles per day) serves businesses well in this commercial stronghold.
Noteworthy Carpentersville retailers in this area include Woodman's Food
Market and Menard's. Bisecting Randall Road from the west is Huntley
Road, which has an average daily traffic count of 14,000 vehicles at the
Randall Road intersection.
Manufacturing
A skilled and diverse area workforce supports healthy manufacturing
areas within Carpentersville. The Otto Engineering campus straddles the
Fox River at the Main Street Bridge and represents a creative
architectural restoration and adaptation to provide a state-of-the-art
manufacturing facility. Other prominent manufacturing employers within
the Village include Revcor, Bulk Lift International, Hexion Specialty
Chemicals, Grayhill and Stanley Machining and Tool Corp.
The
Village has actively supported industrial development, including the
initiation of a Tax Increment Financing District which supported Spring
Hill Center; a new commerce and industry park.
The Village also assists with industrial development bond applications
and workforce development.
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