What does Economic Development do?

The Economic Development agency of the Village of Schaumburg focuses on optimizing the use and disposition of real estate assets to support local economic growth and community revitalization. Its core mission centers on managing underutilized or surplus property to attract private investment, enhance municipal revenue streams, and promote strategic land use aligned with long-term development goals. Priorities include facilitating the sale or lease of non-operational properties to qualified private entities, encouraging mixed-use development, and ensuring public assets are repurposed in ways that align with zoning regulations and community planning objectives. Programs emphasize transparent, market-driven transactions that maximize public benefit while maintaining fiscal responsibility. Procurement activity is narrowly focused on the transfer of real property interests, primarily through direct sales or lease agreements involving commercial or industrial parcels. The agency relies on competitive solicitation processes for property disposition, typically using open bidding procedures without set-asides, indicating a preference for market efficiency over targeted contracting mechanisms. Contracts are structured as real estate conveyances rather than service agreements, reflecting a transactional approach to asset management. The agency’s primary NAICS classification is 531190—Lessors of Other Real Estate Property—indicating its operational emphasis on the management and disposition of non-residential land and buildings. There is no evidence of set-aside preferences or diversity-focused contracting initiatives in its procurement history. Vendor relationships are transactional and limited to real estate buyers, title companies, legal counsel, and appraisal services engaged in property transfers. Organized under the Village of Schaumburg, this agency operates as a localized economic development unit with no broader state or federal affiliation. It utilizes standard municipal procurement vehicles for real estate transactions, including public solicitations and negotiated sales, and functions independently within the village’s administrative framework to execute land-use strategies aligned with local planning policies.

How do I find contracts from Economic Development?

You can find contracts from Economic Development on CLEATUS by visiting the agency's contracts tab. Search and filter by contract type, NAICS code, set-aside, and more. CLEATUS aggregates data from SAM.gov, FPDS, USASpending.gov, and state procurement systems.

What contracts does Economic Development award?

Economic Development awards government contracts across various categories. Browse contract opportunities from this agency.

How do I do business with Economic Development?

To do business with Economic Development, start by registering in SAM.gov and obtaining a UEI number. Then search for contract opportunities from this agency on CLEATUS. Review the agency's procurement history, identify relevant NAICS codes, and prepare competitive proposals. The contractors tab shows companies that have won contracts from this agency.

Who are the top contractors for Economic Development?

View the full list of contractors who have won awards from Economic Development in the contractors tab . You can filter by contract value, NAICS code, and set-aside type to find relevant competitors and potential teaming partners.

Where is Economic Development located?

Economic Development is located in IL. While the agency may have offices in multiple locations, contract opportunities can be performed at various places of performance across the country.

← Back to Agencies Directory

State & Local Agency

Economic Development

Part of Illinois · Illinois

The Economic Development agency of the Village of Schaumburg focuses on optimizing the use and disposition of real estate assets to support local economic growth and community revitalization. Its core mission centers on managing underutilized or surplus property to attract private investment, enhance municipal revenue streams, and promote strategic land use aligned with long-term development goals.

Economic Development is a government agency with procurement activity across contracts, awards, and contractors.

Top