Tax Increment Financing (TIF) incentives are designated sets of funds limited to specific areas in the City of Berwyn. Berwyn currently has three TIF districts and can be used to help you get your business off the ground. Through our comprehensive TIF program, the BDC provides redevelopment assistance to support property improvement and building activities, including acquisition, demolition, infrastructure, interior & exterior renovations, signage, and site work.
Contact BDC Economic Development Manager Hannah Breakey at 708-749-6587 or hannahb@berwyn.net to learn more about using local TIF incentives.
- FY 2024 Annual Tax Increment Finance Report - Roosevelt
- FY 2023 Annual Tax Increment Finance Report - Roosevelt
- FY 2022 Annual Tax Increment Finance Report - Roosevelt
- FY 2021 Annual Tax Increment Finance Report - Roosevelt
- FY 2020 Annual Tax Increment Finance Report - Roosevelt
- FY 2019 Annual Tax Increment Finance Report - Roosevelt
- FY 2018 Annual Tax Increment Finance Report - Roosevelt
- FY 2017 Annual Tax Increment Finance Report – Roosevelt
- Roosevelt Road TIF District Status Report
- Roosevelt TIF Establishment Ordinance
- Roosevelt TIF Independent Accountant Report
- FY 2024 Annual Tax Increment Finance Report - Harlem/Cermak
- FY 2023 Annual Tax Increment Finance Report - Harlem/Cermak
- FY 2022 Annual Tax Increment Finance Report - Harlem/Cermak
- FY 2021 Annual Tax Increment Finance Report - Harlem/Cermak
- FY 2020 Annual Tax Increment Finance Report - Harlem/Cermak
- FY 2019 Annual Tax Increment Finance Report - Harlem Cermak
- FY 2018 Annual Tax Increment Finance Report - Harlem Cermak
- FY 2017 Annual Tax Increment Finance Report – Harlem Cermak
- Harlem Cermak TIF Establishment Ordinance
- First Amendment to the Harlem Cermak TIF
- Harlem Cermak TIF Plan - 2011
- FY 2024 Annual Tax Increment Finance Report - South Berwyn (Depot)
- FY 2023 Annual Tax Increment Finance Report - South Berwyn (Depot)
- FY 2022 Annual Tax Increment Finance Report - South Berwyn (Depot)
- FY 2021 Annual Tax Increment Finance Report - South Berwyn (Depot)
- FY 2020 Annual Tax Increment Finance Report - South Berwyn (Depot)
- FY 2019 Annual Tax Increment Finance Report - Depot
- FY 2018 Annual Tax Increment Finance Report - Depot
- FY 2017 Annual Tax Increment Finance Report – Depot
- Depot TIF District Status Report
- Depot TIF Establishment Ordinance
- Depot TIF Independent Accountant Report
- Berwyn Depot District Transit Hub
- FY 2024 Annual Tax Increment Finance Report - Ridgeland
- FY 2023 Annual Tax Increment Finance Report - Ridgeland
- FY 2022 Annual Tax Increment Finance Report - Ridgeland
- FY 2021 Annual Tax Increment Finance Report - Ridgeland
- FY 2020 Annual Tax Increment Finance Report - Ridgeland
- Ridgeland TIF Redevelopment Plan
- FY 2022 Annual Tax Increment Finance Report - Ogden
- FY 2021 Annual Tax Increment Finance Report - Ogden
- FY 2020 Annual Tax Increment Finance Report - Ogden
- FY 2019 Annual Tax Increment Finance Report - Ogden
- FY 2018 Annual Tax Increment Finance Report - Ogden
- FY 2017 Annual Tax Increment Finance Report - Ogden
TIF Programs
TIF incentives are designated sets of funds limited to the active TIF districts in Berwyn. In general, these programs aim to increase the economic viability of our commercial corridors and business community. Specifically, the following 2 programs assist businesses and property owners with the rehabilitation and renovation of buildings. Continue reading for more details.
Not sure if you are in a TIF district? View the TIF maps here.
Roosevelt | Harlem/Cermak | Depot
Finish Line Grant
The Finish Line Grant is a reimbursement program designed to help business and property owners with interior and exterior buildout costs, such as awnings, façade improvements, HVAC systems, and more! Funding is calculated as a percentage of the total project cost. Grant awards are committed on a first-come, first-serve basis, with a maximum of $50,000
To learn more about the Finish Line Grant, click HERE.
Pay as You Go
For larger rehabilitation projects, the Pay as You Go Program offers a redevelopment rebate to commercial property owners in Berwyn’s TIF districts. This reimbursement is based on the TIF increment generated and is rebated as it is earned. The maximum amount is 25% of the approved development costs and is subject to City Council approval and contingent upon available TIF funds.
For more information, contact Hannah Breakey at hannahb@berwyn.net .
FAQs about TIF
TIF allows for many public amenities, such as streetscape and infrastructure improvements, that increase property values and create inviting spaces. These improvements attract visitors and enhance the overall character of the community. TIF incentive programs also help to facilitate rehabilitation projects for businesses within the districts.
Read more about TIF districts HERE.