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The Pike County Economic Development
Corporation can serve as a conduit between your business and local
communities in Pike County to find financial incentives for you. Pike
County has a number of incentives available to businesses. Each incentive
applies differently, so give us a call if you are interested. Below is
listing of the various kinds of incentives based on where you are looking
to develop your business.
Enterprise Zone –
Commercial/Industrial projects are eligible for a number of incentives
under the WIEDA Enterprise Zone. The following incentives may be available
to your project: 1) Building Materials Sales Tax Exemption 2) Reduced
Permit Fees 3) Jobs Tax Credit 4) Investment Tax Credit 5) Income Tax
Deductions 6) Machinery and Equipment State Sales Tax Exemption 7) Utility
Tax Exemption
Tax Increment Financing
– For projects locating in the communities of Pittsfield and
Barry, this program may offer incentives to your project. TIF
agreements can be developed for your project. Contact us for more
information.
Low Interest Loans
– There are a number (7) low interest loan funds available to new
businesses. The loan rates are below the average market rate. Contact us
to learn more about these programs.
Loans and Incentives are also
available through:
Illinois
Department of Commerce and Economic Opportunity
USDA Rural
Development
Illinois
Finance Authority
Contacts us to
discuss how these incentives can work for your project.
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