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Economic Development

Economic Development Committee (EDC)

Chairman: Trustee - Mike Reid
Members: Trustee - Toby Koth & Trustee - Jan Kraus

The Economic Development Committee (EDC) is an advisory, volunteer group that is appointed by the Village President and confirmed by the Village Board. The committee is charged with providing recommendations for ways to expand and retain businesses within the Village of Hampshire.

Tax Increment Financing (TIF)

One of the tools used for Economic Development is the This document is available to view in PDF format.Tax Increment Financing (TIF) Redevelopment Plan and Project.

The Village of Hampshire currently has one Tax Increment Financing project area. The Village’s redevelopment project area is named the Central Area Redevelopment Project and covers approximately 107 acres in the downtown area and adjacent blocks and an older industrial area north of the C&E Railroad.

Additional information on TIFs can be found at
Village of Hampshire This document is available to view in PDF format.TIF Policies and Application

Additional information on business recruitment and retention can be found at