Economic Development

In an effort to attract new business development and growth to Belleville as well as assist existing firms to expand thereby increasing the local tax base and further providing job opportunities, the Belleville, Illinois City Council has established several programs to provide various financial incentives and inducements. One of the primary goals of the City Administration is to provide a suitable environment and delivery of essential public services to attract and enhance new business development and investments. Programs that the City of Belleville presently offers new and existing businesses includes:

1.) Property and Sales Tax Abatements through the Belleville Enterprise Zone

2.) Public Improvements through Tax Increment Financing (TIF) Districts

3.) Financial inducements to private enterprises via tax increment financing

Each of these programs have proven successful in meeting the diverse development needs of the business community as well as serve to place Belleville in a more competitive position in working with the private sector in assisting them in making the decision to locate or expand within the corporate limits of Belleville. The City works in close cooperation with agencies and economic development organizations such as the Greater Belleville Chamber of Commerce, St. Clair County Intergovernmental Grants Department, Southwestern Illinois Development Finance Authority, utility companies and various state agencies to pool resources and expertise in putting together proposals and incentives to assist businesses.