A non-profit corporation, dedicated to encourage, foster, promote, aid, & stimulate economic development in DeWitt County, IL through the retention, expansion, & attraction of business.

116 Warner Court, PO Box 376 • Clinton, IL 61727

(217) 935-0500 • info@dcdc-illinois.org

Business Attraction News

January 2012

Farmer City - Womb to Grow Boutiques
221 S.Main, Farmer City, IL 61842 (309) 660-5189
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Clinton - Gooseneck's Grill

DeWitt County

Development Council

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Revolving Loan Funds (RLF)

(Download Guidelines and Application)

Gap Financing
Short Term Loans
Low Interest

Available through DCDC RLF within DeWitt County limits and City of Clinton within Clinton city limits

Tax Increment Finance Districts (TIF)

TIF is the difference between the amount of property tax revenue generated before TIF district designation and the amount of property tax revenue generated after TIF designation. TIF allows a City to use public money to assist existing businesses improve their property and attract new businesses to locate within the TIF District.

The following are redevelopment costs eligible for TIF funding:

Land acquisition
Rehabilitation or repair of existing public or private buildings
Construction of public works or improvements
Job retraining programs
Relocation
Financing costs, including interest assistance
Studies, surveys and plans
Professional services such as architectural, engineering, legal marketing and financial planning.

For more information on TIF visit the websites for City of Clinton (www.clintonil.com) or City of Farmer City (www.farmercityil.org)

Clinton Lake

Development Opportunity

DeWitt County is centrally located on 405 square miles of land in with a population characteristic of a rural Midwestern county. The County strives to enhance its Quality of Life and Rural Character while protecting the health, safety and well being of the residents. Recognizing that the overall environment is an economic asset of the County, protection of the agricultural lands and their harvests, is a high priority.

Clinton Lake is located in central DeWitt County approximately midway between the county’s two larger communities of Clinton and Farmer City. Residents and visitors alike enjoy the 130 miles of Clinton Lake shoreline, the rivers and creeks that surround it, and the many ecosystems within them. The high quality of the County’s infrastructure is maintained as the County’s needs change and grow. The livability and economic vitality of the towns, along with the historical treasures and cultural amenities, are highly valued.

DeWitt County Development Council (DCDC) has been charged with the responsibility of bringing solutions for development of property at Clinton Lake that will attract tourism revenue and enhance the Quality of Life for residents. DCDC, with assistance from Market & Feasibility Advisors (MFA,) will be seeking qualifications from developers to undertake the development of an 80-acre resort along Clinton Lake, DeWitt County, IL. DCDC will seek a Developer who can capitalize on the unique characteristics of the site to create a distinctive and successful project that will be well received by the marketplace and provide important benefits for DeWitt County. Watch for more information to follow.