Local Government Education

Designated Tax Increment Funding (TIF) districts reallocate property tax funds while freezing property values in the area for extended periods of time. TIF funds provide a way for municipalities to spur economic growth and make infrastructure improvements in economically stagnant or physically declining areas to retain local business and attract new investors.

Local leaders seeking small business development options in their Illinois communities can learn how TIF funds can bolster local economies in a free, online session co-hosted by University of Illinois Extension and Rural Partners.

Register in advance to attend the online session held at noon (CT), Wednesday, June 16.

Presenters Steve Kline and Herb Klein will deliver an overview of TIF fundamentals and provide examples of innovative ways TIF funding can support small businesses. Participants will have the opportunity to ask questions as the session concludes.

Kline and Klein serve respectively as presidents of The Economic Development Group, Ltd. and Jacob & Klein, Ltd., who work in tandem as TIF Illinois, specializing in the creation and administration of Tax Increment Financing Districts, Business Development Districts, and other economic development tools available to municipalities located throughout the State of Illinois.

If you need a reasonable accommodation to participate, contact Nancy Ouedraogo at esarey@illinois.edu. Early requests are strongly encouraged to allow sufficient time for meeting your need.