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Business Incentive Programs

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Businesses can qualify for a variety of incentives when they open, relocate and expand job opportunities in Hampshire. Incentives are also available at the local, state and federal level. We invite your business to sit down with our Economic Development Committee to examine the many opportunities available when you choose to locate or expand your business in Hampshire.

The following are just some of the incentive options that are available:

Tax Increment Financing (TIF)

The Village of Hampshire currently has one Tax Increment Financing district. The Village’s redevelopment district is named the Central Area Redevelopment Project and covers approximately 107 acres in the downtown area, as well as adjacent blocks.

Current District: Tax Increment Financing (TIF) Redevelopment Plan and Project.

For those interested in applying for TIF funds, please view the Hampshire TIF policies and application here: TIF Policies and Application

Additional information on TIFs can be found at  www.illinois-tif.com.

Façade Improvement Program

The Facade Improvement Program is a reimbursement / matching grant program administered by the Village of Hampshire to encourage the rehabilitation and restoration of the exterior of buildings in the downtown area. Up to 75% of approved work will be reimbursable by the Village. 

For those interested in applying for façade improvement reimbursement, please view the Hampshire façade improvement policies and application