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Customized Incentive Packages

 Overview
The City of Pontiac is eager to work with new employers seeking to become a part of our community. We encourage you to contact us directly.
 


Central Business District

  • Facade Grant - Pontiac’s central business district is a charming, turn-of-the-century downtown with complimentary amenities. To ensure that the historic integrity of the buildings is maintained, the city has established a Façade Grant Program.  The city provides a 50% grant provided building façade improvements meet established development guidelines. Additionally, the city has a low interest loan pool available for 25% of the improvements if a loan is secured from a participating bank on the remaining 25%.
  • Retail Loan Subsidy - The city will provide rent subsidies for new qualifying retail businesses in the central business district.
  • Working Capital Loans - The city has low interest working capital loans for qualifying businesses if they add employment.
 

Pontiac Corporation CenterPontiac Corporate Center
 
The Pontiac Corporate Center is a business park owned by the City of Pontiac. Qualifying businesses can get subsidies of free land upon job creation.


Tax Increment Financing
   
The City of Pontiac has designated certain defined areas of the city as Tax Increment Financing (TIF) Districts. The TIF districts were established in order to attract private developers to areas that are in need of redevelopment.  View a map of the current TIF districts

Tax Increment Financing works by using increased tax revenues of a redevelopment area to fund improvements and incentives for rehabilitation. TIF induces development where it would not otherwise take place, which in turn creates employment opportunities and generates additional local and state tax revenue. This additional tax revenue is used to pay for improvements and incentives in the TIF district.

Contact Us
Robert Karls
City Administrator 
Email

115 W. Howard St.
Pontiac, IL 61764

Ph: (815) 844-3396
Fax: (815) 844-3885