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Relocation & Expansion
If
you are
considering
relocating your household or business to the Vermilion County
area, we can help you make an informed decision. Please
complete our form to receive
a relocation information packet.
There
are also a variety of state-wide and incentives, grants and
programs, both state-wide and local,
available to assist
businesses who would like to relocate to our area. We can
help you identify the programs that are best suited to your
business and provide resources during the application process.
Grants, Loans & Incentives - Illinois
Programs
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Grants and Loans: |
Illinois offers a large number of grants for eligible recipients. These
grants can be used for several programs, including research, conservation,
business and many others. Illinois Department of Commerce and Economic
Opportunity (DCEO) can provide eligible applicants with loan assistance. |
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Illinois EDGE
Program: |
The Illinois EDGE (Economic Development for a Growing Economy)
program is administered by the Illinois Department of Commerce and Economic
Opportunity (DCEO). As a tax credit, the EDGE program allows a firm to
reduce the costs of doing business in Illinois when compared with similar
costs in other states where it could have located its operation. The
credits would be available to the firm for up to a total of 10 years for
each project. |
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Start-Up
Incentives: |
Illinois provides entrepreneurs with a wealth of incentives
to open their businesses here, including the
Illinois Enterprise Zone
Program tax incentive, which covers sites in Danville and Tilton, Illinois.
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Small Business
Assistance: |
Small Business Development Centers located throughout the
state provide assistance to new and existing small businesses, including
one-on-one business counseling and management assistance, assistance with
the development of business plans, help accessing marketing information and
the development of business plans, business financing programs, assistance
with financial analysis and planning as well as access to business education
and training opportunities. |
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Women and
Minority Business Assistance: |
In Illinois, additional programs and loans
are offered to entrepreneurs who wish to register as a minority or women-owned
business and meet the following criteria:
Other criteria such as corporation board composition, origin of start-up
funds and knowledge of the business operations are also factors.
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Tax Incentives: |
Illinois offers several tax incentives to businesses, including the
Enterprise Zone Program, the High Impact Business Program, and Illinois EDGE
(Economic Development for a Growing Economy). |
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Other
Incentives: |
Illinois offers a number of innovative programs to augment
conventional sources of financing and help with business locations,
relocations, and expansions, including The Technology Venture Investment
Program (TVIP), the Large Business Development Program, and others. |
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Business Incentives: |
DCEO's Bureau of Business Development
administers a wide array of programs and services designed to help Illinois
businesses thrive in today's economy. We offer expansion incentives,
technology support services, access to capital, global marketing expertise,
or job training and education for workers. |
Primary Source:
State of Illinois Business Portal,
http://business.illinois.gov/assistance.cfm
Local Economic
Development Incentives
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Enterprise Zone Program |
An Enterprise Zone
is a specially designated area in which tax incentives and direct
financial assistance are provided. The Enterprise Zone provides
property tax abatements as well as other tax credits and tax exemptions
to businesses located within the Enterprise Zone. For more information
on the Enterprise Zone Program click on the heading above. To check and
see whether a property is located within the Danville-Tilton-Vermilion
County Enterprise Zone click
here. |
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Tax Increment
Financing |
Tax Increment
Financing (TIF) is a financing tool available to local governments to
spur economic development and revitalization of blighted areas. The
City of Danville has two new recently adopted TIF Districts. (more) |
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Special Service Areas |
Special Services Areas are formed to
finance the provision of additional or enhanced services, improvements,
or a facility in a specific area in the community. Danville currently
has two special service areas. SSA1 covers the Downtown area, with
revenues going toward Downtown Danville Inc. for downtown revitalization
activities. SSA2 covers the Eastgate Industrial Park area and was put
in place to fund infrastructure improvements related to the development
of the Eastgate Industrial Park. |
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Small Business
Revolving Loan Fund |
The Small Business Revolving Loan Fund
is designed to provide low interest loans to small business owners to
help them establish a business and/or assist established small
businesses in growing their business. |
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Facade Loan Program |
The Facade Loan Program is designed to
encourage owners of historical buildings in the downtown area to restore
the facade of their buildings to their original luster. |
Source:
City of Danville Public Development Department
City of Danville
Public Development Department, Community Development Division
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The Community Development Division of the
City of Danville Public Development Department is
responsible for a variety of programs and initiatives designed to
advance the overall health and viability of the City’s residential
neighborhoods. Federal and State grant programs aimed at these
objectives are utilized by Community Development. |
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Community Development Block Grant |
This federal funding source provides the following activities supervised by
the Community Development Division:
- Owner-occupied housing
rehabilitation for low-moderate income families in targeted areas
- Accessibility modifications in
homes of low-moderate persons with mobility and/or sensory
disabilities
- Rehabilitation assistance for
non-profits providing housing for the homeless and special needs
populations
- Economic Development grants and
loans which create or retain jobs for low income workers
- Replacement of sanitary sewer
systems
- Replacement of public
infrastructure in support of affordable housing
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HOME Program
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Another federal source for grants and
loans to further safe, decent and affordable housing, made available
through the Illinois Housing Development Authority. Community
Development often applies for these funds in the fall of the year with
programs ready to launch in spring.
- The Small Rental Properties Program
(SRPP) can provide up to $15,000 per unit to rehabilitate affordable
rental housing
- Homebuyer’s Assistance, (presently
not funded in Danville), assists moderate-income families in
purchasing their own home
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Historic
Preservation |
Danville has it’s own Historic
Preservation Ordinance and is recognized as a Certified Local Government
by the Illinois Historic Preservation Agency. This status, conferred to
local governments through states and recognized by the National Trust
for Historic Preservation makes preservation information and resources
available to us. The Community Development Manager, Mr. John Dreher,
acts as Danville’s historic preservation planner. A seven member
Commission made up of local volunteers appointed by the Mayor meet on
the second Thursday of each month at 5:00 p.m. at the Municipal Building
to address preservation concerns. |
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New Day Initiative |
This newest of revitalization programs
maintained by the City provides support and incentives for the
construction of new housing on vacant properties in Danville’s
traditional neighborhoods. Fee waivers, forgiveness of past fines and
liens and help with lot clearance and infrastructure improvements are
all part of the negotiable package the City of Danville is willing to
provide to the new home builder. |
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Neighborhood Association Building |
Community Development staff assist any
interested citizens in forming neighborhood associations. Specific
"best practices" advice is available, along with staff assistance for
start-up. Information on the benefits of forming an association
and recommendations for success are available. A list of
contacts and area maps for existing associations is available
here. |
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Lead Poisoning Prevention |
There are two Lead Risk Assessors,
licensed by the Illinois Department of Public Health, currently on the
Community Development staff who provide training and advice for citizens
in reducing risks presented by the disturbance of lead-based paint.
Educational materials, how-to advice and testing to determine if
dangerous concentrations of lead are present are available to Danville
residents. |
Source:
http://www.cityofdanville.org/COD/DDS/Community Development.htm
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