Redevelopment assisted by Tax Increment Financing (TIF) is very effective in the City of Peoria. The City created three new TIF's in 2007-2009 and approved twenty redevelopments - some during the "great recession".Total investment in the buildings is estimated at $336,000,000, creating approximately 1,050 jobs. And there are many more developments in the works.
We offer up to 45% of investment historic tax credits and up to 60% TIF incentives. Now is the time to move forward with a quality redevelopment.
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