Projects in Lanark


TIF District


CITY OF LANARK, ILLINOIS
CONSERVATION AND OPPORTUNITY FOR GROWTH
REDEVELOPMENT PROJECT AREA

The Economic Development Committee has established a TIF (Tax Increment Finance) District to help draw jobs and people to Lanark. At the April 18, 2005 Council meeting the Council voted unanimously to adopt Ordinances 808, 809, & 810 to establish the TIF District.

Lanark TIF Documents and Maps:

Adopted Redevelopment Plan

Lanark TIF Redevelopment Map 1

Redevelopment Map 1

Lanark TIF Redevelopment Map 2

Redevelopment Map 2

Lanark TIF Redevelopment Map 3

Redevelopment Map 3

 Lanark TIF Eligibility Report

Lanark TIF Eligibility Map 1

Eligibility Map 1

Eligibility Map 2

Eligibility Map 2

Eligibility Map 3

Eligibility Map 3

Eligibility Map 4

Eligibility Map 4

 Lanark TIF Funds Application

 If you would like to apply for funds for a project that is within the TIF boundaries, please complete the form and mail or drop it off to City Hall.

For more information about TIF visit Illinois-TIF.com faq page.
For specific information about Lanark’s TIF district call or write Mayor Huggins at 815-493-2431 jhggins@lanarkil.com.


EDGE Tax Incentive


The EDGE program is designed to offer a special tax incentive to encourage companies to locate or expand operations in Illinois when there is active consideration of a competing location in another State. The program can provide tax credits to qualifying companies, equal to the amount of state income taxes withheld from the salaries of employees in the newly created jobs. The non- refundable credits can be used against corporate income taxes to be paid over a period not to exceed 10 years. To qualify a company must provide documentation that attests to the fact of competition among a competing state, and agree to make an investment of at least $5 million in capital improvements and create a minimum of 25 new full time jobs in Illinois. For a company with 100 or fewer employees, the company must agree to make a capital investment of $1million and create at least 5 new full time jobs in Illinois.

More Information…


Other Area Economic Development Projects



Blackhawk Hills Regional Council

www.blackhawkhills.com


Blackhawk Waterways CVB

www.visitnorthwestillinois.com


Federal Business Information Sites

How to sell to the US Government

Procurement Technical Assistance Centers (PTAC)

FedBizOpps (Federal Business Opportunities)