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Economic Development

Chairman: Trustee Mike Reid
Members: Turstee Toby Koth & Trustee 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. The EDC typically meets on the second Wednesday of each month at 5:30 p.m. at the Village Hall. Please consult the Village’s Calendar of Events. To review the Agendas and Minutes of the EDC refer to the Agendas and Minutes page..


One of the tools used for Economic Development is the 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  www.illinois-tif.com.
Click here: TIF Policies and Application


Additional information on business recruitment and retention can be found at www.illinois.gov/dceo/.



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Hampshire Village Hall
234 S. State Street
P.O. Box 457, Hampshire, IL 60140-0457      Phone: (847) 683-2181      Fax: (847) 683-4915       map & directions    site use policy & disclaimer