Economic Development Opportunities

Economic Development Opportunities

DEVELOPERS INCENTIVES


TIF (Tax increment Financing)


A TIF is a designated portion of the Village dedicated to encouraging development through cash rebates.

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The Elizabeth TIF districts are outlined in (color)

Click here to view enlarged map (PDF)


Type of Work that is TIF ELIGIBLE

1.  Cost of Property Purchases
2.  All infrastructure-road, water, sewer curb and gutter
3.  Engineering

How TIF might work

1.  All money upfront paid by the developer
2.  The Village would reimburse up to 25% of all eligible costs over a 10-year timeframe

Other possible INCENTIVES

1.  Elizabeth currently has the LOWEST PROPERTY TAX RATE IN JO DAVIESS COUNTY, A COMBINED 7.2%.
2.  Waiver of $2,000 Water & Sewer hookup fee
3.  Marketing-The Village is aggressively promoting the town and would promote a new project.

FOR FURTHER INFORMATION contact us.