Incentives

building
Incentives

Incentive Policy
The Village of Huntley occasionally offers general incentive assistance to aid in the funding of infrastructure and other site improvements.  The use of incentives is a method that may be used for attracting business to Huntley. Incentives are designed to achieve public benefits including increased tax revenues (both property and sales taxes), desired additional employment, and new public improvements that outweigh proposed incentives. Incentives must be size appropriate, timely and are reviewed on a case-by-case basis.  The following documents are provided to assist in the application process:

Huntley Economic Development Incentive Policy
Economic Development Application (Word)
Economic Development Application (PDF)
Economic Development Application Addendum-Sources & Uses (Excel)
Economic Development Application Addendum-Sources & Uses (PDF)

Downtown TIF District 
The Village Board approved a Tax Increment Finance District (the “Downtown TIF") in January 2013 to aid in the redevelopment of the downtown and the adjacent Rt.47 corridor from approximately Mill Street on the south to Joan Avenue on the north. View TIF Map

For more extensive commercial renovation and redevelopment assistance, Huntley's TIF Policy was developed to aid those interested in understanding the TIF’s benefits.  Inquiries regarding redevelopment and land assemblage within this area may be directed to Economic Development staff.  Huntley's Downtown TIF Plan provides details about the area and use of the TIF.  As an additional planning resource, please review Huntley's Downtown Revitalization Plan.  Please note: the Downtown Revitalization Plan is a large document which will require approximately 90 seconds to download.

Downtown Facade Improvement Assistance Program 
Huntley offers financial assistance, up to the lesser of $20,000 or 50% of commercial building facade renovations costs incurred over a five year period (with not more than $10,000 in assistance provided in any one year). To learn more about the qualifications and requirements of this program, please view Huntley's Facade Improvement Assistance Program.