In 2007, the Village Council approved the establishment of a Targeted Development Zone for the portion of Northwest Highway stretching from Wilke Road to North Hicks Road.
The Village of Palatine licenses businesses and home occupations in order to ensure a safe working and shopping environment for employees and patrons alike through tracking of businesses along with a yearly fire inspection of commercial sites.
The Village of Palatine contains a total of four Tax Increment Financing (TIF) Districts which were created to promote reinvestment and redevelopment within the Village.