Elk Grove named ‘Municipality of the Year’ by real estate journal

For the second time in three years, Elk Grove Village was named the “Municipality of the Year” by Illinois Real Estate Journal, the village has announced.

“Earning this recognition for a second time is a testament to Elk Grove Village’s dedication to our ‘Beyond Business Friendly’ customer service, working to support our business community through strategic investment, strong partnerships, and top-of-the-line services,” Mayor Craig Johnson said in the announcement. “This type of recognition validates that we have built a strong foundation for economic growth and continue to be a leader in economic development and business support.”

A panel of judges from the real estate industry evaluated several finalists based on key economic development accomplishments, major development projects and financial support to real estate projects.

In its application, the village highlighted a record-breaking year in private sector development, reaching $390 million in investment in 2023; approval of the 10-acre mixed use gateway development at Arlington Heights Road and Higgins Road; the transition of Northwest Point from an office park to a center for technology and innovation; approval of almost 5 million square feet of new data center facility space; and investment in the local workforce job pipeline with a $750,000 grant for the Elk Grove High School Culinary Manufacturing Education program.