City of Pekin, IL

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TIF/BDD Notice of Funding Opportunity



The City of Pekin is now accepting proposals to fund eligible projects located within the City’s existing Tax Increment Financing or Business Development Districts. The application period closes at 5:00 pm CST on April 29, 2022 with final awards anticipated to be announced at the May 23, 2022 City Council meeting.

This competitive application process requires applicants to provide a 50% match to any funds awarded through this program and the City anticipates awarding $250,000 in total funds to selected applicants with awards ranging from $10,000 to $40,000 per applicant.

Interested applicants should review the complete Notice of Funding Opportunity (NOFO) included with the application packet. Click here to view the application packet. To be considered for an award, applications must be fully completed and submitted by 5:00 pm CST on April 29, 2022 to the attention of Matt Fick, Economic Development Manager, 111 S. Capitol Street, Pekin, Illinois 61554 or emailed to mfick@ci.pekin.il.us.