Incentives

Financial Incentives
 The Village of Westmont offers a range of financial incentives to encourage business relocation and retention. Your company may qualify for assistance depending on the number of employees, jobs created, square footage of leased space, or the property you develop. At this time, there are Tax Increment Financing Districts in the South Westmont Business District and in the Downtown B-1 Business Districts.

Overview of Incentive Programs
 The Westmont Economic Development Partnership Rapid Response Team is available to meet with you to provide an overview of incentive programs, assist with the application process, and arrange for you to meet with the government officials and staff who determine eligibility.

State & Federal Incentives Programs
The Westmont Economic Development Partnership offers information about available state and federal incentives programs:
State Incentives
  • Business Development Public Infrastructure Program
  • Capital Access Program (CAP)
  • Employer Training Investment Program (ETIP)
  • High Impact Business Programs
  • Illinois EDGE (Economic Development for a Growing Economy)
  • Illinois Grants and Loans
  • Illinois Technology Enterprise Center (ITEC) Program
  • Large Business Development Program
  • Minority, Women, and Disabled Participation Loan Program
  • Participation Loan Program
  • Recycling Market Development Program
  • Surety Bond Guaranty Program
  • Tax Increment Financing (TIF)
  • Tax Manufacturer’s Purchase Credit
  • Technology Venture Investment Program (TVIP)
Federal Incentives
  • Contract Surety Bonds
  • Equity Capital
  • Federal Grant Resources
  • Financial Resources
  • Financing Your Business
  • Investment Companies Program
  • Loan Information References
  • SBA Loan Programs
  • SBA Partners
  • Small Business Innovation Research Program (SBIR)
  • Small Business Loan Checklist
  • Special Purpose Loan Programs
  • Start-Up Cost Checklist
For additional information, contact the Westmont Economic Development Partnership at 630-824-9337 or via email.