ECONOMIC DEVELOPMENT
WHY IT MATTERS TO THE OLYMPIA FIELDS BRAND

WHY ECONOMIC DEVELOPMENT

IS IMPORTANT TO THE OLYMPIA FIELDS BRAND

Economic development is a Core Principle for a bedroom community like Olympia Fields, as in any community, because it helps foster economic stability thru a balanced approach to sales taxes and property taxes. Continuous economic development reduces the tax burden on all members of the community, drives overall growth, and improves the quality of life for residents. Here are several key reasons why it matters:

- Increased Tax Revenue

Economic development attracts businesses that contribute to the local tax base. This revenue supports essential public services like schools, infrastructure, parks, and safety services.

- Improved Infrastructure

Growth often brings investments in infrastructure, including streets, utilities, and technology, which benefits residents and attracts further economic activity.

- Diversification of the Economy

By encouraging a mix of shops and businesses, Olympia Fields has reduced dependence on any single economic sector, making the community more resilient during economic downturns.

- Enhanced Quality of Life

Development brings amenities such as restaurants, retail shops, and recreational facilities, making the area more vibrant and attractive to residents and visitors alike.

- Population Retention and Attraction

Economic opportunities encourage residents to stay in the area and attract new families, professionals, and businesses, helping to maintain a thriving community.

- Property Value Appreciation

With economic growth comes improved infrastructure, businesses, and services, which can increase property values and provide wealth-building opportunities for homeowners.

- Community Development

A robust economy supports local initiatives like education, healthcare, and public safety, which directly contribute to the well-being of residents.

WHERE THE OPPOSITION HAS A VISION WE HAVE DELIVERED RESULTS

This Administration has delivered on its commitment to making Economic Development A Core Principle in The Management of Olympia Fields. We have ensured that our community remains a competitive, sustainable, destination and a desirable place to live and visit.