Beardstown Main Street

Financial incentives may assist property owners and business owners in expanding or renovating. We want to encourage economic development wherever possible.

Beardstown Main Street is an organization that wants to promote business expansion and renovation of existing businesses and historic buildings. Although our major goal is to revitalize our historic downtown area, our program service area, we support Beardstown.

Financial incentives may assist property owners and business owners in expanding or renovating. We want to encourage economic development wherever possible. Generally, financial incentives fall into several categories. Grants, low interest loans, federal tax credits and local incentives. Since most of our downtown area is in a TIF district, grants are available, subject to restrictions and limits. Included within this grant program, a building renovation program is available. Also, a parking lot and sidewalk renovation program is available, subject to defined guidelines. Currently, low interest loans, are available through the State of Illinois Treasurer's office for historic structures, please check with the State Treasurer's office for details. Federal rehabilitative tax credits are available for historic structures. We encourage being registered on the National Park Service's National Register of Historic Places. We also recommend that you consult with an experienced tax consultant or attorney for further details. We stand ready to assist you.