Chairman: Village Trustee George Brust
The Economic Development Committee (EDC)
is an advisory, volunteer group that is appointed by the Village President and confirmed by the Village Board. The committee is charged with providing recommendations for ways to expand and retain businesses within the Village of Hampshire. The EDC typically meets on the second Wednesday of each month at 5:30 p.m. at the Village Hall. Please consult the Village’s Calendar of Events. To review the Agendas and Minutes of the EDC refer to the Agendas and Minutes
One of the tools used for Economic Development is the Tax Increment Financing (TIF) Redevelopment Plan and Project
The Village of Hampshire currently has one Tax Increment Financing project area. The Village’s redevelopment project area is named the Central Area Redevelopment Project and covers approximately 107 acres in the downtown area and adjacent blocks and an older industrial area north of the C&E Railroad.
Additional information on TIFs can be found at www.illinois-tif.com.
Click here: TIF Policies and Application
Another tool used for Economic Development is the Revolving Fund Loan
The Village Hampshire has established this low interest loan program in order to stimulate economic growth in the Village. The fund is designed to assist with the retention and growth of the existing industrial and commercial base, providing needed financial assistance to new start-up businesses, and the development of minority and female owned businesses.
Click here:Revolving Loan Fund Application
Additional information on business recruitment and retention can be found at www.illinois.gov/dceo/
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