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  State Incentives
   Local Incentives

   TIF
  Several programs are available through the State of Illinois’ Department of Commerce & Economic Opportunity.  For an overview of state incentives, click here or visit www.illinoisbiz.biz

 

   Offering a competitive advantage in the State of Illinois and Chicagoland market, the Grundy County EDPA encompasses 12,000 acres of industrial property with excellent access to a global economy.  The EDPA provides a mechanism for significant tax relief for new industrial investors through the following:
  1. Allows a company to negotiate its tax bill with the County of Grundy
  2. All ordinances and approvals in place
  3. Assessment levels frozen at 2006 values
  4. Reimbursements available for eligible costs

For more information contact the GEDC.  To view the map of the EDPA zone click here

Grundy County offers a pre-negotiated, three-year property tax abatement to qualifying companies. Eligible companies with qualifying projects can receive an abatement of:

  • 75% during the first fully assessed tax year
  • 50% the second year
  • 25% the third year
Grundy County also offers four and five-year property tax abatements at 50% each year to qualifying high impact companies.

For more information, check out the Grundy County Application for Tax Abatement.		   Several municipalities in Grundy County have established TIF districts to encourage industrial and commercial development.  Learn more about the zones and their benefits below.

Coal City

Dwight

Gardner

Morris TIF, Morris TIF 2

Seneca
      Financial Resources
      Financial – The Upper Illinois River Valley Development Authority is a general development agency serving the Counties of Bureau, Grundy, Kane, Kendall, LaSalle, Marshall, McHenry and Putnam. UIRVDA can issue bonds that can finance capital improvements and can reduce the rate of interest.  For more information visit:  www.uirvda.com

SBA Info – Training, consulting and counseling for small business owners is available through the Illinois Small Business Development Center at Joliet Junior College.  Contact Brian Thompson or Carol Turney at 815-280-1400 or for more information visit their website.
           
   
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112 E. Washington St. | Morris, IL 60450 | ph 815-942-0163 | f 815-942-0711