Oct 31, 2008

Good scoop on Economic Development below:


Business Video http://www.elocallink.com/illinois/peoria/business.php

Chamber of Commerce http://www.peoriachamber.org/

City of Peoria http://www.ci.peoria.il.us/

Civic Center http://www.peoriaciviccenter.com/

Convention and Visitors Bureau http://www.peoria.org/

DCEO State of Illinois http://www.illinoisbiz.biz/dceo/

Economic Development Council http://www.edc.centralillinois.org/

Heart of Illinois Regional Port District (TransPORT) http://www.portdistrict.com/

Heart of Peoria http://www.heartofpeoria.com/

Heart of Peoria Andres Duaney plan www.ci.peoria.il.us/docs/communityvision/Documents/HeartOfPeoriaPlan-

Illinois Department of Commerce http://www.blogger.com/www.commerce.state.il.us/dceo

Illinois Central College web4.ic.edu/edc

Illinois Enterprise Zone http://www.ieza.org/

Illinois Work Net Illinois workNet

Businesses Pathway http://www.illinoisworknet.com/vos_portal/business/en/Home

Illinois River Road National Scenic Byway http://www.illinoisriverroad.org/

Moss Bradley Homeowners http://www.mossbradley.com/

Peorianext http://www.peorianext.org/

Peoria County http://www.peoriacounty.org/

Peoria GIS http://www.peoriacounty.org/

RiverFront Association http://www.peoriariverfront.com/

Turner Center www.bradley.edu/turnercenter

Wikapedia http://en.wikipedia.org/wiki/


HIZ TIF Approved


The City Council approved the Hospitality Improvement Zone (HIZ) Tax Increment Financing District (TIF) on Tuesday. This incentive program will help downtown hotels improve and expand. More information at:









Oct 27, 2008

Oct 20, 2008

Congratulations - Bashir Ali

Bobby Gray and I are attending the International Economic Development Council conference this week in Atlanta. Some excellent programs that will work in Peoria.

The Central Illinois Workforce Board Talent Force 21 has won the Human Capital Program award for their efforts in workforce training. Our congratulations to Bashir Ali and his staff.

Oct 13, 2008

First Home Homebuyers

Peoria County and the City of Peoria participates in the Assist Program, a federally funded program that eases the financial burden for qualified first time homebuyers and persons who have not bought a home in the past three years. The Assist Program provides first time homebuyers up to 4.25% of the amount borrowed on the home purchase to be used for down payment and closing costs. Through the Assist Program, the 4.25% is a gift, not a loan.

To find out if you qualify contact one of these participating lenders:

http://www.peoriacounty.org/planningAndZoning/firstHome/

Combining this program with the new Federal tax Credit of $7,500 makes this a great time for first time homebuyers.

Oct 10, 2008

HIZ TIF and BDD Public Hearings

Public Hearings are Scheduled on the proposed Hospitality Improvement Zone (HIZ), to include a:

Tax Increment Financing District (TIF) and a

Business Development District (BDD).

The Hearings will be held before the City Council on Tuesday 14 October 2008 after 6:15 pm.

There will be a second public hearing on the BDD on 28 October 2008 before the City Council after 6:15 pm.

Interested citizens are encouraged to send their comments and suggestions to me at Hullingerc@gmail.com.

We will add comments received to the public record.

More info at:

Hospitality Improvement

http://hospitalityimprovementzone.blogspot.com/

City Budget On Line

FY2009 Preliminary Budget

The City’s budget website has been updated to include the entire preliminary budget documents. The Mayor and City Council charged staff with creating a budget process that was more transparent, more open to public involvement and built more alignment with Council goals and priorities. For the first time in the City’s history, the preliminary is available for download by citizens, businesses and other interested parties.

Ground Breaking for the new Airport Terminal














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Ground Breaking and Naming Ceremony


today at the newly named
General Wayne A. Downing

Peoria International Airport

http://www.washingtonpost.com/ac2/wp-dyn?pagename=article&node=&contentId=A55417-2001Nov19

Great New Company in Peoria - EcoThermics

Check out another great new Peoria start up Ecothermics

"EcoThermics has developed potentially game-changing technology."

Glen Barton

Check out what is happening in Peoria at the Peoria Area Convention and Visitors Bureau Web Site at:

Oct 9, 2008

Vote on the new City of Peoria Logo


You can vote on the new logo for Peoria. Go to the link below to cast your vote. The image to the right is one of the choices.

http://logopeoria.com/

Oct 7, 2008

Peoria NEXT Innovation Center



The Plan Above - Reality Below



The Peoria NEXT Innovation Center on Main Street in Renaissance Park is another great success story for the Peoria region. More info below:








Construction Underway - Methodist Hospital


Construction underway on the multi million dollar expansion of Methodist hospital. A great addition to the Heart of Peoria.

Church on Main and High Street For Sale



Beautiful historic Church on Main and High Street For Sale

Needs some tender loving care.

The Plan Below, Reality Above. A great addition to our City.




The Plan Below, Reality Above.

A great addition to our City.
New Medical Clinic on Main Street in Downtown
Assisted by Enterprise Zone and TIF



Oct 2, 2008

Federal Tax Credits for the Redevelopment of Older Buildings

The Federal Government provides 10% to 20% tax credits to help rehabilitate buildings built before 1936. The National Park Service has administered the program in partnership with the Internal Revenue Service and with State Historic Preservation Officers.

The tax incentives have spurred the rehabilitation of historic structures of every period, size, style and type. They have been instrumental in preserving the historic places that give cities, towns and rural areas their special character. The tax incentives for preservation attract new private investment to the historic cores of cities and towns. They also generate jobs, enhance property values, and augment revenues for State and local governments through increased property, business and income taxes.

The Preservation Tax Incentives also help create moderate and low-income housing in historic buildings. Through this program, abandoned or under used schools, warehouses, factories, churches, retail stores, apartments, hotels, houses, and offices throughout the country have been restored to life in a manner that maintains their historic character.

Current tax incentives for preservation, established by the Tax Reform Act of 1986 (PL 99-514; Internal Revenue Code Section 47 [formerly Section 48(g)]) include:

20% tax credit for the certified rehabilitation of certified historic structures.

a 10% tax credit for the rehabilitation of non-historic, non-residential buildings built before 1936.

For both credits, the rehabilitation must be a substantial one and must involve a depreciable building. You can read more about them at: