Business in Yorkville
Ideal Industrial Area
The United City of Yorkville's commercial, industrial and residential future is bright. If you are looking for a great location for a new business or residential development, Yorkville has all the key ingredients:
- Employment opportunities
- Excellent location
- Increasing population
Population & Growth
In the early 2000s, the City of Yorkville
Since the beginning of the new century, the city of Yorkville has received national attention for its record growth in population and household counts. According to the 2007 U.S. Census, Yorkville is located in the fastest growing county in Illinois and the fastest in the United States. It is predicted that Yorkville's population will double is size by 2012 from its current population of 15,240.
Located 45 miles southwest of Chicago, Yorkville has expanded at a rapid pace due to is proximity to the diverse employment bases in the Chicago and Naperville areas in addition to its affordable housing. The city's strong housing demand, particularly in single-family homes, has spurred tax base growth averaging 19 percent annually in the past several years. The city's 2007 median single-family home value equaled $243,000. Yorkville's median household income is $65,949.
Building Permits
According to the Kendall County Record, the city's hometown newspaper, building permits in 2006 were at a record high. Historically, since the year 2000, building permits have been on the rise.
| Year | Number of Building Permits Issued |
|---|---|
| 2000 |
130 |
| 2001 | 203 |
| 2002 | 284 |
| 2003 | 360 |
| 2004 | 470 |
| 2005 | 594 |
| 2006 | 821 |
| 2007 | 478 |
City Area
Currently Yorkville city limits encompass approximately 19.6 square miles with a planning area of approximately 70 square miles. The United City of Yorkville is an ideal location for commercial projects which is also on the rise.
Local Sales Tax
Since 2001, local sales tax revenue has jumped from $1 million in the 2000-01 fiscal year compared to $2.2 million in 2004-05. Commercial and industrial assessed values in the city have also jumped from $36 million to $70 million in the same time period.
Commercial Development
Yorkville has seen some exciting changes in the area of economic development in the last 2 years, including the recent announcement by Tri-Land Properties to redevelop the city's former Countryside Center with a new lifestyle center. Additional commercial development includes:
- Home Depot
- Kendall Marketplace
- Kohl's Department Store
- Office Max
- Super Target (coming soon)
Grand Openings
Rush-Copley Medical Center and Raging Waves Water Park are planning grand opening celebrations this summer. In just the last 2 years, the city has also added :
- 28,000 square-foot expansion of the city's public library
- A new Post Office
- Land annexations and commercial development opportunities south of the Fox River
Incentive Programs
We're also encouraging new and existing business opportunities through several economic development incentives programs including:
Comprehensive Plan
The city is currently updating its Comprehensive Plan. A question and answer session is planned for June 19, from 4 to 8 p.m. at the Yorkville Public Library. All are welcome.