The Economic Development Committee oversees business and economic growth. If you have any questions regarding economic development, please feel free to contact us.
The City of Havana currently manages two Revolving Loan Funds which can be used to make low-interest loans to qualified area businesses.
Tax Increment Financing otherwise referred to as (TIF) is an economic development tool that was created by state governments to help aid in the restoration of blighted areas and buildings within the TIF boundaries. With the help of this economic development tool, communities can make needed improvements and provide incentives to current and prospective business owners. The City currently has two TIF Redevelopment areas which are TIF 1 District (downtown) and TIF 2 Rt. 78 / Illinois River.
Downtown districts in rural communities across America have faced challenges in the evolution from their historical significance as central gathering places and hubs of commerce to areas lacking adequate reinvestment. The City of Havana faces this same challenge.
The City of Havana, Mayor Stadsholt and the City Council have engaged 353 Court, LLC to work with the City and the downtown business owners to bring about the revitalization of our central business district.
Over the last 3 years the City of Havana with the help from 353 Court, LLC have helped facilitate over $2,500,000 in both public and private invest in the downtown business district. The City has also started construction on a new downtown streetscape, which will provide new parking areas, water lines, water main, and sidewalks for our downtown businesses and community as a whole.
The City of Havana is constantly striving to “Move Havana Forward, with Pride and Optimism”
For further information regarding the City of Havana’s Downtown Revitalization Efforts please use the following resources:
The Havana Business Park is located in the TIF 1 District along U.S. Route 136 on the edge of town.