Economic Development Information The City of Harvey offers both new and continuing businesses a wealth of opportunities. Harvey is located at the crossroads of major thoroughfares such as: I-57 and Sibley Blvd. I-294 and U.S. Route 6 (159th Street) I-80 and U.S. Route 1 (Halsted Street) Four major international and national railroad lines The banks of the Little Calumet River Primary-Opportunities-Downtown-Harvey Demographics: (2000 US Census Data) 5,067 Owner occupied housing units 3,923 Renter occupied housing units 1,195 Vacant housing units 8,990 Total occupied housing units 10,158 Total roof-tops Population 30,000 Median age: 27.9 28.4% of population over 25 are high school graduates 7.1% of population over 25 have an associate’s degree 5.7% of population over 25 have a bachelor’s degree Median housing value: $70,500 Median household income: $31,958 Economic Development Incentives: In-house Job Training representative (POET Program) Employ Illinois: State Treasurer’s low interest loan program Illinois EDGE: Offers tax credits to qualifying businesses that make a capital investment of at least $5 million and create a minimum of 25 new jobs Illinois Finance Authority Loan Program: IFA assists Illinois businesses that create or retain jobs by offering a loan participation program in conjunction with their lender. Through this program the Authority will purchase up to the lesser of $500,000, or a 50% participation in the loan, directly from the borrower’s lender 5 TIF Districts Enterprise Zone: The entire City of Harvey is within the Harvey-Phoenix-Hazel Crest EZ Cook County Incentives: Class 6b is for industrial, distribution and warehousing enterprises while 7a covers commercial property and 7b serves industrial and commercial projects over $2 million. Class 8 provides special tax incentives for industrial and commercial projects Cook County Tax Reactivation Program sites Local Developments: Sahloul Plaza – New construction strip mall located at 159th and Lincoln Ave. Nearly completed strip mall located at 154th and Dixie Highway. New Illinois Department of Employment Security office located at 160th and Halsted. Outreach strip mall located at 147th and Wallace. New residential construction located at 147th and Givines Court (6 multi unit buildings with 4 townhouses each) New home construction located at 160th and Loomis (16 new homes) Over 54 total residential projects in various stages of development Development Updates City Establishes New Transit Oriented Development TIF District City Approves Proposed Downtown Multi-Family Building City Welcomes New Retail Store + Fueling Station on Halsted City Move Forward on Broadband Strategic Plan Nicholas Griefer Director Meet the Mayor Our Calendar Employment Opportunities Visit Our Parks Copyright © 2021. City of Harvey. CONTACT 15320 Broadway Avenue, Harvey, IL 60426 708-210-5300 (voice) 708-210-5366 (fax) QUICK LINKS EMPLOYEE LOGIN