Incentives

Macomb and McDonough County offer several financial incentives. The Macomb Area Economic Development Corporation (MAEDCO) can help structure the best financial package for your business using programs such as:

 

Macomb/Bushnell Enterprise Zone

  • Sales Tax Exemption
  • Nearly 100% Property Tax Abatement (up to 10 years)
  • Jobs Tax Credit (State)
  • Waiver of Local Fees
  • Boundary Map

Tax Increment Financing (TIF)

City of Macomb Revolving Loan Fund – City Revolving Loan Fund Information

MAEDCO Revolving Loan Fund – MAEDCO Revolving Loan Fund Information

Prairie Hill Research Conservation & Development Revolving Loans

Western Illinois Community Development Corporation

Land Write Down – City Industrial Park

Additional Loans and Incentives are available through:

  • Illinois Department of Commerce and Economic Opportunity
  • U.S Department of Agriculture Rural Development Program
  • Illinois Development Finance Authority