Incentives

TIF Financing

FY12 reports for TIF 1, 2, and 3 are now available for download.  Click on the following links for each report:  TIF 1 (PDF, 2.5 MB); TIF 2 (PDF, 5.9 MB); TIF 3 (PDF, 0.5 MB). 

To promote economic development, the City of Carlyle has created a Tax Increment Financing (TIF) district. Developers that plan to construct or renovate in a TIF district are able to receive financial assistance for the development from dollars that would be paid to property taxing districts because of the increased valuation of the property with the improvements.  Click here for our TIF District Map.


The following types of activities may be reimbursed using TIF revenues:

• Studies, surveys, and planning activities completed by professionals

• Acquisition of property and its preparation, such as demolition and grading of land.

• Reconstruction or remodeling of existing buildings and fixtures.

• Construction of public works and improvements.

• Costs of job training and retraining.

• Certain amounts of financing costs, including construction and bond interest.

When a developer and the City reach an agreement on the eligible activities that will be financed using TIF revenues, work may commence on the eligible activities. When work is completed and when dollars from the tax “increment” are available for payment, reimbursements are made to the developer.

In May 2006, the City created TIF District #3 which encompasses property commonly known as the “West End Development” that was annexed into the City in September 2005.

For assistance or any questions regarding Carlyle’s TIF program, please call the City Administrator at 618-594-2468.

EDGE Credits

Sponsored by the State of Illinois, eligible businesses that create or retain jobs are eligible for corporate income tax credits for up to ten years (with a potential five-year carry forward). EDGE provides important assistance to businesses by helping diminish the cost of doing business for new and troubled businesses by decreasing corporate income tax liabilities.

For more information on EDGE, please click on the link below which will take you to the website of the Dept. of Commerce & Economic Opportunity.

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Employee Training Investment Program

Illinois businesses with need to upgrade the skills of their workforces may apply to the Dept. of Commerce & Economic Opportunity (DCEO) for assistance for the ETIP program. Grants may be awarded to individual businesses undertaking training of their own employees, but grants may also be awarded to entities that sponsor multi-company training for employees of their Illinois supplier companies and to intermediary organizations operating multi-company training projects. Businesses awarded assistance are eligible for reimbursement of up to 50% of total eligible training costs.

To learn more about the ETIP progvram, please click on the link below to be taken to the DCEO website.

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