Municipalities may offer funding in the form of rent subsidies, facade grants, tax abatements, or other incentives. Contact the GLCEDC for more information
Mid Central Community Action, Inc.
Mid Central Community Action is partaking in the Community Service Block Grant (CSBG) Loan to assist in financing small businesses for either start-up or expansion projects. The purpose of this loan program is to create and retain jobs for low-income persons and to promote economic growth in McLean and Livingston County. For more information, click here.
Rent Subsidy Program, Dwight, IL
The Rent Subsidy Program will allow a tenant to receive a significant reduction in rent of a downtown business building for a year. The majority of the rent will be subsidized by the village and a portion subsidized by the landlord. The tenant will reimburse the village a portion of their gross receipts for the first year. Please contact the Village of Dwight for more information at 815.584.3077. To view more information and an application for the Rent Subsidy Program click here.
Rent Subsidy Program, Pontiac, IL
The Rent Subsidy Program will allow a tenant to receive a significant reduction in rent of a retail business building for a year. A significant portion of the rent will be subsidized by the city and a portion subsidized by the landlord. The tenant will reimburse the city a portion of their gross receipts for the first year. Please contact the City of Pontiac for more information at 815.844.3396.
Property Tax Abatement
Throughout Livingston County, the GLCEDC has coordinated a property tax abatement plan adopted by 19 taxing bodies. Tax abatement applications are reviewed based upon employee wages and benefits, number of jobs created or retained, capital investment, and square footage. For more information, click here.
Several programs are available through the State of Illinois Department of Commerce & Economic Opportunity. For an overview of state incentives click here.
Illinois Business Financing Matrix
The financing matrix gives information on all State of Illinois grant and loan opportunities in an easy to read format.
DCEO Loan Programs
DCEO Tax Assistance
IDOT Economic Development Transportation Program
Illinois State Treasurer’s Technology Development Account
Workforce Investment Act (WIA) Grant Opportunities