Douglas County Incentives
Douglas County High Impact Business
Type: Tax Abatement
Administrator: Douglas County
Program Description:
Douglas County has prior experience with the High Impact Business provisions under the Enterprise Zone Act - particular types of businesses qualify for this designation under a state program. TEDI provides assistance in identifying the applicability of the program to various businesses. |
Tuscola Tax Increment Financing
Type: Grants, Loans, Interest Subsidies
Administrator: City of Tuscola
Program Description:
The Tuscola TIF District serves as the local incentive package, which may be offered to promote economic development. Incentives include sales tax rebates, property tax rebates, land acquisition, infrastructure improvements, and low interest loans for personal property improvements. The TIF District incentives have been effective at spurring new retail development and improving the physical condition of the building located within the TIF District. The City will evaluate each project on an individual basis in order to determine the appropriate level of incentives. An application process is part of the TIF process. TEDI serves as an advocate for TIF applicants and provides assistance throughout the application process. |
Douglas County Economic Development Contact:
Brian Moody
Executive Director
Tuscola Economic Development, Inc.
City Hall
P.O. Box 145
Tuscola, IL 61953
(217) 253-2552