Berwyn Rises to Five-Year High for Economic Development

 Lawndale News Chicago's Bilingual Newspaper - BusinessThe Berwyn Development Corporation (BDC), in partnership with the City of Berwyn, has taken an aggressive approach to attracting new businesses as well as assisting the existing network of business owners to stay competitive. Through the support of Tax Increment Financing (TIF) and a Commercial Loan Program, Berwyn’s economic development has experienced a five-year high in economic growth. Between 2007 and 2011, Berwyn supported 49 TIF projects and experienced over $38 million in total construction investment in its four TIF corridors along Roosevelt Road, Cermak Road, Ogden Avenue and in its downtown Depot District.

In 2011, eleven TIF projects resulted in the improvement of over 58 thousand square feet of commercial space and leveraged more than $9.3 million in total construction investment, which represents a 12.57 percent increase from 2010. For a full review of Berwyn’s economic development accomplishments, visit and click on the “2011 BDC Annual Report.” Additional information on the BDC’s programs and services can be obtained by calling (708) 788-8100.

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