About the Village
The Village of Oswego was first settled in 1833 and formally incorporated in 1852. It is a home rule community as defined by the Illinois Constitution. The Village of Oswego is located approximately 50 miles southwest of Chicago in the northeast corner of Kendall County. The Village population reached 30,355 with the 2010 decennial census. The Village operates under the Trustee/Administrator form of government, as defined in Illinois state statutes. A Village President and six trustees are elected at large to overlapping 4 year terms. A Village Administrator acts as the Chief Operating Officer managing the day-to-day activities of the Village.
The Village has 111.5 full time employees providing an array of services for the residents including; police protection, maintaining the water distribution system, sanitary sewer line administration, storm water collection, public works operations, road & bridge maintenance, community development, building and zoning services and general administrative services. In addition, economic development and tourism services were also added during fiscal year 2012.
About Oswego’s Economy & Outlook
The Village’s population increased from 13,326 in calendar year 2000 to the 2010 Census amount of 30,355. The 2014 estimate indicate a population of 31,942. Commercial growth has followed the increase in population and is providing retail shopping for Village residents as well as many non-residents from many surrounding towns.
As the Village’s retail surplus is approximately 51% of the community’s sales, approximately half of all retail sales stems from consumers outside Oswego. The Village is a regional shopping and dining destination as national retailers and restaurants have located here. The Route 34 corridor is one of the largest commercial centers in the Fox Valley area now offering over 2.7 million square feet of commercial space. Anchor stores include Best Buy, Dick’s Sporting Goods, Hobby Lobby, The Home Depot, Kohl’s, Meijer, Target, Wal-Mart and Sears Home Appliance. Many well-known chain restaurants have also located within the shopping centers.
The Orchard Road Corridor was to be the second largest commercial area within the Village. A large chain grocery, financial institutions, a health care facility, some restaurants, as well as a senior residential facility, have opened forming the catalyst for future growth.
The Village has four business parks providing commercial and industrial development. The 300-acre Kendall Point Business Center, the 130-acre Stonehill Business Park, the Highland Business Center and Farmington Lakes Office Campus have all been established providing an abundance of commercial and manufacturing businesses. Proposed industrial and office development in the Orchard Road corridor covering more than 200 acres will add to the commercial and industrial base within the community. South Korean yogurt manufacturer Win Soon, Inc. is building their second U.S. location in Kendall Point Business Park.
All of this development and residential growth has helped the local economy to grow steadily during the Great Recession. The Village’s Sales Tax revenue continued to grow beating budget estimates for the fiscal year and the prior year’s totals. The local economy remains strong and is expected to grow as the national economy is coming out of recession.