TIF Commercial & Industrial Rehabilitation Program

Application is now closed. 


The City of Rockford’s TIF Commercial & Industrial Rehabilitation Program offers forgivable loans to business and property owners who make investment in commercial and industrial spaces in select TIF Districts in Rockford.   The Program offers 50% in matching funds up to $25,000 in assistance to property owners and/or tenants for permanent building improvements.  Ideal projects add value, extend the longevity of the qualifying properties, and make substantial or aesthetic improvements to the property.  Deferred maintenance and improvements to become code compliant are allowed.  Each of the identified TIF Districts has a designated $150,000 in funds available on a first-come first-serve basis (for approved projects) through the duration of the Program.

Eligible TIF Districts (see Program Map):

Applicants 

Eligible Applicants Include:

  • For-profit businesses (established by December 1, 2024 documented through registration by the State or County) legally established and operating within the City of Rockford’s municipal boundaries in one of the designated corridors.
  • Property owners within one of the designated corridors (location zoned commercial or industrial).

Funds

  • The matching funds are provided by the City of Rockford as a five-year forgivable loan (a percentage of the loan will be forgiven each year documented on a promissory note).
  • Once the entire Project is completed, the Applicant will provide to the City documentation of the paid invoices and the City will reimburse the appropriate pro rata portion based off of the agreement.  

Application Assistance: Applicants who need technical assistance with the application can contact Francisca French (contact information below).

Francisca French, Economic Development Diversity and Procurement Coordinator | Francisca.French@RockfordIL.Gov | 779-348-7419 (office) | 779-207-2178 (cell))

Program Questions: Email EconomicDevelopment@RockfordIL.gov or call 779-348-7162.