Ken is always available to discuss these Incentives with you.
Focus Group SBDC Classes Enterprise Zone Benefits Tax Increment Financing TIF Financing City of Newton – (Permits / Zoning)
Focus Group
The Focus Group is our quick response team to meet within minutes with a new contact or existing business.Typically the group includes the Mayor of Newton, Chairman of the Jasper County Economic Development Committee, President of Jasper Jobs Inc., someone from the appropriate finance field, and Ken Larimore, Community and Economic Development Director. Back to Top
SBDC Classes
Small Business Development Center
Barney Brumfiel, Program Director for the Small Business Development Center for this region is located in Olney.He is very experienced in counseling start up businesses or existing enterprises.The SBDC is located with the Illinois Eastern Community Colleges office at: 218 E. Main Street Olney, IL 62450 Phone: 618-395-3011 Fax: 618-395-1922 TTY Relay: 800-526-0844 Website: www.iecc.edu/page.php?page=SBDC_TEAM
Mr. Brumfiel’s email is Please contact Mr. Brumfiel for an appointment. The Jasper County University of Illinois Extension Community and Economic Development office also hosts Mr. Brumfiel for classes at the Newton office. Back to Top
Enterprise Zone Benefits
The specific Enterprise Zone sites have tremendous financial incentives for a developing business.Depending on the businesses SIC code the real estate taxes and the Sales Tax (6.252%) can be abated. The process is quick and easy.A one page application completed by the business can sometimes be approved on the spot. Enterprise Zone Incentives The Application can be obtained by calling Ken. Back to Top
Tax Increment Financing TIF
The TIF was established in 2008 and is a very valuable economic development tool.The TIF complies with state code.Additional information on TIF can be found at the TIF association website at: http://www.illinois-tif.com/about-us/
We will meet with you anytime to discuss the possible direct incentives or abatements that are available. Back to Top
Financing
City of Newton Revolving Loan Fund
South Central Illinois Regional Planning and Development Commission (SCIRPDC) Loan Programs
Rural Business Initative (RBI) Loan Program
Community Development Initiative (CDI) Loan Program
Title IX Revolving Loan Fund Program
Commission Section 504 Certified Development Compnay Loan Program
Bank Loan Guarantees (SBA 7[a] and Rural Development Loans)
Department of Commerce and Economic Opportunity, DCEO
Illinois Department of Transportation, IDOT
Economic Development Program, EDP
Truck Access Route Program, TARP
Rural Development, RD
Rural Business Enterprise Grant, RBEG
Economic Impact Initiative Grant, Hidalgo
Illinois Department of Natural Resources Grants, IDNR
The building permit process is streamlined to provide quick response with goals to encourage safe structures.
The zoning plan helps guide the growth in the community and insures an investor that there are proper guidelines in each area.
More information may be obtained by browsing the city’s website. Forms and Information for utility services and forms for building and zoning are available under the “Download Forms” tab. Back to Top
For additional information on any of these topics please contact:
Ken Larimore Community and Economic Development Educator University of Illinois Extension Phone: (618)783-3409