We work hard to make sure your new or existing business will do more than survive here in Monmouth--we want you to thrive! To that end, we have a number of tools available to help you get your business started or take your existing business to the next level. Please contact us and we'll discuss how to help you become another Monmouth success story.
 
Economic Incentives
 
Enterprise Zone
 
The city administers the Enterprise Zone which is a program designed to stimulate economic growth and neighborhood revitalization. Incentive package includes special financing options, tax credits and reduced fees to name a few.

Enterprise Zone Incentives

Enterprise Zone Map

Contact: City Hall
Phone: (309) 734-2141
Email: mayor1@cityofmonmouth.com
 
 
Revolving Loan
 
A loan program administered by the city and governed by an independent board of directors provides financial assistance to new or expanding businesses in Monmouth to secure public benefit for the residents of Monmouth by developing a stronger economic base and expanded job opportunities.

Revolving Loan Brochure

Revolving Loan Guidelines

Revolving Loan Application

Contact: City Hall
Phone: (309) 734-2141
Email: mayor1@cityofmonmouth.com
 
 
Facade Program
 
A collaborative effort between the City of Monmouth and the Monmouth Area Chamber of Commerce to provide special financing as an incentive to improve the appearance of the downtown business district. For every dollar invested by the business, the program will finance two dollars at a rate of 3% interest. Eligible projects must be exterior improvements to existing structures.

Downtown Facade Brochure

Downtown Facade Guidelines

Downtown Facade Application

Contact: City Hall
Phone: (309) 734-2141
Email: mayor1@cityofmonmouth.com
 
 
Tax Increment Financing (TIF) District
 
City administered finance and planning program designed to renovate declining areas, redevelop blighted areas and expand the tax base of those areas.

Tax Increment Financing Map

Tax Increment Financing Benefits Details

Contact: City Hall
Phone: (309) 734-2141
Email: mayor1@cityofmonmouth.com
 
 
 
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