quincyil.gov - Development Incentives

City of Quincy Development Incentives

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Loan Enterprise Zone TIF Downtown II TIF Downtown Rental Rehabilitation Program (DRRP) CBD Loan Program Neighborhood Housing Reinvestment Revolving Loan Fund Program Home  ›  Government  ›  City Departments  ›  Planning & Development  ›  Development IncentivesMinutiaeIncentives The Department of Planning andMinutiaecan help identify state and local resources for existing, new and expanding companies in Quincy. Staff is misogynist to squire merchantry owners with the using process for a variety of minutiae incentives and assistance. Click on the link unelevated for increasingly information. Quincy/Adams/Brown County Enterprise Zone Program Quincy/Adams/Brown County Enterprise Zone program is designed to stimulate merchantry development, job creation, and retention , and neighborhood revitalization in strategically targeted areas in theMunicipalityof Quincy  and Adams and Brown Counties.    This is accomplishes through local and state tax incentives and permit fee discounts.     For increasingly info: http://www.quincyil.gov/government/CityDepartments/PD/development/enterprise-zone   Tax Increment Financing Program Tax Increment Financing (TIF) is a method of funding public investment in an zone slated for redevelopment by capturing, for a time, all of the increased tax revenue that may result if the redevelopment stimulates private investment. As private investments add to the tax wiring within the redevelopment area, the increase tax revenues are placed in a special fund that can only be used for public purpose permitted by law. QuincyMunicipalityCouncil on February 2, 2015 unexplored a TIF Investment Plan for the Downtown Districts.  The plan establishes goals, and strategies for TIF expenditures as well as the review and clearance process for request for funding.    EconomicMinutiaeLoan Program The goal of theEDP-RLF is to preserve and promote the Quincy zone economy by providing financial incentives that will encourage private investments for new and expanding business, resulting in the megacosm and or retention of jobs.    Since 1984, the EDL-RLF  Committee has tried 105 low interest loans to 75 local companies for a total loan value of $31,940,000.   Projected job created since 1984 are 3032 with 2688 jobs retained.    For increasingly information on the ED-RLF link to: http://www.quincyil.gov/government/CityDepartments/PD/development/QEDLP    CentralMerchantryDistrict Revolving Loan Fund (CBDRLF)The goal of the Quincy CBD-RLF is to stimulate the preservation and revitalization of  the Coty’s historic downtown by providing financial assistance to any current or prospective purchaser of commercial or commercial/residential properties for business  purposes in the cadre zone regional by the riverfront, Twelfth Streets, Oak Streets and Payson Avenue.    Since 2006, the CDB-RLF Committee has tried 52 low interest loans to for a total municipality loan value of $1,800,000.  For increasingly information on the CBD-RLF link to: http://www.quincyil.gov/government/CityDepartments/PD/development/CBD-RLF    CDAP/DCEO GrantsFrom time to time and under special qualifying circumstances, the Department will squire the merchantry developer with grant applications to the CommunityMinutiaeAssistance Program (CDAP) and grants offered by the Department of Commerce and Economic Opportunity (DCEO). For increasingly information regarding these grant programs, please contact Tom Fentem at 217-228-4515.   USDA RuralMinutiaeGuaranteedMerchantryLoans Government backed financing is misogynist for Quincy businesses and lenders. RuralMinutiaewill guarantee up to 80 percent of loans for businesses looking for startup, growth or expansion.  Borrowers can get higher loan amounts, lower interest rates and longer repayment terms, with stock-still or variable rates. Through this program, lenders have flipside tool to expand their loan portfolio, increase their earnings in the secondary market, reduce their concerns well-nigh collateral and make loans whilom their legal lending limits.  The program is designed to help local lenders and businesses in communities like Quincy create and maintain jobs.  Contact Jeff.Seefeldt@il.usda.gov or 224-9307. Increasinglyinformation misogynist at:http://www.rurdev.usda.gov/rbs/busp/b&i_gar.htm Quick Links City PermitsMunicipalityLicenses 2013 Land Use Plan 2019 Plan Commission and ZBA Meeting ScheduleMunicipalityCouncil Meeting Agendas Jobs Transparency Maps Bill Pay Bids / RFPs Dampdocs © 2018Municipalityof Quincy, IL