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Posted on: January 25, 2024

Business Property Improvement Grant Program Launched February 1


The Village has adopted a business property improvement grant program to help property owners and tenants fund improvements to the existing buildings located within the downtown Tax Increment Finance (TIF) Districts. Only TIF funds will be used for the program. Eligible units and properties are non-residential units and properties located within the TIF Districts. 

The purpose of the program is to retain existing businesses and attract high quality development that is consistent with goals and recommendations of the Village's Downtown Redevelopment Plan and the Comprehensive Land Use Plan. Interested parties are required to submit an application to determine if the project is eligible and if adequate TIF funds are available. Applications will be reviewed in the order received and the amount of available TIF funding will determine the number of qualified applications that can be selected in a given calendar year. All work and reimbursement must occur in the same calendar year that the application is submitted.

For more information, including details on the types of projects that are eligible for funding, visit the Property Grant Improvement Program page on the Village's website. 

The online application form is now available.

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