BUSINESS/ECONOMIC DEVELOPMENT FAST FACTS Slogan: A great place to live, work and raise a family. Population: 40,356 Number of households: 15,050 Median household income: $74,026 Median home value: $229,100 Source: US Census Bureau 2010-2014 American Community Survey Service and communication enhancements this year will include the rollout of a new building permit and development software program to assist in the processing and tracking of home/building improvement project and the addition of new entryway signs along eight major highway corridors. A FIRM FOUNDATION FOR SUCCESS The village has come a long way since Jay Stream built his first homes and petitioned the State of Illinois to incorporate as an Illinois municipality. Incorporated 57 years ago, the village has grown to include more than 40,000 residents today, and offers a wide variety of housing types including luxury estate homes, a mix of singlefamily homes, condominiums, townhomes and more than 4,000 apartments. Aided by an active historical society, Carol Stream makes an effort to preserve historical assets, its unique story and key historical sites. Cited in the 1970s by USA Today, Carol Stream was recognized nationally for its rapid growth, with developers donating more than $17 million in impact fees and 280 acres of land for fire stations, parks, schools and other public improvements and infrastructure. Along with major housing booms in the 1980s and 1990s, significant industrial and commercial development has flourished. Overall 29 industrial subdivisions tallying 16 million square feet of building space and 18 shopping centers were
developed in Carol Stream. Financial investment, the addition of a substantial number of quality jobs, and increasing retail opportunity followed, with the Illinois Department of Employment Security listing Carol Stream first in annual job growth from 1994-1995 and again from 1996-1997. In 2009, the village celebrated its 50th anniversary since incorporation and marked with fanfare the realization of Jay Stream’s early vision for a residential community with diverse housing options stretching westward from Gary Avenue toward Fair Oaks Road and complemented by an industrial sector east of Gary populated with light industry, warehousing and commercial and retail areas. ON THE FINANCIAL FRONT The village is one of only a few Illinois communities not to levy a municipal property tax. Details of a newly approved 2016-17 village budget were announced by Mayor Frank Saverino at the annual May State of the Village presentation to the Chamber of Commerce. CAROL STREAM CHAMBER KEEPS MEMBERS AT COMPETITIVE BEST The Carol Stream Chamber of Commerce is one of the more progressive Chambers in the DuPage County region with an engaged membership, dedicated to keeping members at their competitive best. Networking opportunities, monthly membership luncheons featuring prominent speakers of interest, newsletters and participation in the Five Star Business & Health Expo help encourage business success and advances the economic well-being of the greater Carol Stream area. The Village of Carol Stream and the Carol Stream Chamber of Commerce continue to carry out Jay Stream’s vision of making the village a great place to live, work and raise a family. ◗
Preserving Our Future! We Use Environmentally-Friendly Paint Products.
25 W. 658 St. Charles Rd. Carol Stream Phone: (630) 871-8840 • www.cautob.com
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