Editing Cherry Valley, Illinois (section)

==Development and growth==
Key to the village economy is million square foot [[CherryVale Mall]], one of the first enclosed [[shopping mall]]s in Illinois. CherryVale, which draws shoppers from a radius of over {{convert|50|mi|km}}, produces the greatest single source of revenue for the village, in the form of a 1% sales tax that is levied and collected by the State of Illinois and then distributed to the community.  Because of this sales tax, Cherry Valley is one of only a handful of communities within Illinois that does not levy a municipal property tax.

Another notable commercial enterprise in Cherry Valley is the Kegel Motorcycle Company, which has a strong claim to being the world's oldest Harley-Davidson dealership.<ref>{{cite web|title=Kegel History |url=http://www.kegelmotorcycles.com/html/kegel_history.html |access-date=June 20, 2008 |archive-url=https://web.archive.org/web/20080716011255/http://www.kegelmotorcycles.com/html/kegel_history.html |archive-date=July 16, 2008 |url-status=dead }}</ref>

The town is home to [[Six Flags Hurricane Harbor Rockford]], formerly Magic Waters, which is owned by [[Rockford Park District]] and is managed by [[Six Flags]] starting 2018.