In response to the COVID-19 Pandemic, Livingston County and the GLCEDC have collectively created a COVID Relief Stimulus Grant funded by local resources.
Please submit your application no later than February 26, 2021 to the Livingston County Board Office, 112 West Madison Street Pontiac, Illinois 61764 or firstname.lastname@example.org. Grant applications will be reviewed weekly and will be awarded on a first come first served basis. For questions concerning this application please contact GLCEDC Chief Executive Officer Adam Dontz at 815.842.2900 or Livingston County Executive Director Alina Hartley at 815.844.6378.
Building Improvement Grants, primarily from GLCEDC funds, are intended for small businesses that rehab vacant space or improve existing structures. A reimbursement, not exceeding $11,250 is provided for qualifying expenditures.
Building Improvement Grant Brochure
Building Improvement Grant Information & Application
The Community Enhancement and Economic Stimulus Grant was established to make long-term investments through grants to not-for-profit organizations exclusively from GLCEDC funds which provide business and economic development opportunities in the Greater Livingston County area.
Information & Application
The GLCEDC, with the assistance of Livingston County, provides Economic Incentive Grants to employers who create at least 10 jobs with a wage and benefit package of at least $34,148 per year and retain the positions for at least one year after creation.
For further information or to apply for an Economic Incentive Grant, please call 815.842.2900 or email email@example.com.
The GLCEDC, with the assistance of Livingston County, provides Educational Enhancement Stimulus Grants dedicated to Livingston County schools which provide S.T.E.M. (Science, Technology, Engineering, and Math) programming.
Information & Application
The Illinois Enterprise Zone Program is designed to stimulate business development, employment creation, retention, and neighborhood revitalization in strategically targeted areas of the state. These objectives are accomplished through state and local tax incentives, regulatory relief, and improved governmental services.
The City of Streator established an Enterprise Zone which includes parcels in the City of Fairbury, City of Pontiac, Village of Dwight, and Village of Forrest to encourage industrial and commercial development. For additional details on the City of Streator’s Economic Development Programs, visit the City of Streator.
Sales Tax Exemption
Investment Tax Credit
Machinery and Equipment Sales Tax Exemption
Utility Tax Exemption
Streator Enterprise Zone Quick Facts
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.
A Property Tax Abatement is a way to support and promote the expansion of existing businesses and the attraction of new businesses to Livingston County. A business that receives approval from a taxing body for an abatement will receive an abatement for only the new property tax resulting from a qualified improvement. Additionally, the improvement must meet the permitting requirements of all applicable jurisdictions.
The aim of the property tax abatement incentive for the expansion of an existing facility or the construction of new facility are the following:
Tax Increment Financing (TIF) is a powerful tool that enables municipalities to self-finance its redevelopment programs. TIF funds can pay for public improvements and other economic development incentives using the increased property tax revenue the improvements generate.
To learn more about legislation governing TIF, visit the Illinois Tax Increment Association by clicking here.
Several municipalities in Livingston County have established TIF districts to encourage industrial and commercial development. Find a TIF map in your area below.
Municipalities may offer funding in the form of rent subsidies, facade grants, tax abatement’s, 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.
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 one 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.
Several programs are available through the State of Illinois Department of Commerce & Economic Opportunity.
For an overview of state incentives click here.
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