Business Financial Assistance

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Village of Barrington a Tax Increment Financing Grant:
The Village has created a grant program to help business and building owners improve their interior and exterior space. The grant can reimburse a business up to 50% of improvement expenses and are open to any business within the Tax Increment Financing District (“TIF District”) in the Village Center.

Façade Improvement Grant:
This program is a public/private partnership designed to provide incentives and assistance to encourage exterior building improvements that preserves the historic character of the Village and that help create a human scale and pedestrian-friendly atmosphere within the Village Center.
Applicants may be the owner of an eligible building(s) or the owner of a new or existing retail business within the TIF District. A tenant’s eligibility is subject to written consent of the building owner for all proposed improvements. To be eligible for consideration, a project must comply with the following requirements:
• The property must be in the TIF District
• The building must be constructed before February 28, 2000.
• The project must be for façade or signage renovation, restoration or improvements

The program will reimburse up to 50% of verified eligible expenses or a maximum of $10,000. Additional terms and conditions apply.
 
 
To participate in a TIF grant program, review the following documents and contact the Department of Economic and Community Development at 847-304-3470:

 

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