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Incentives


FIND YOUR NEXT ADVENTURE - 2025 DEVELOPMENT ZONES

We are proud to introduce you to our historic, growing and inclusive community. Whether you are looking to reside, locate your business or visit our City, we have something for EVERYONE!


KANKAKEE OPPORTUNITY ZONE

The City of Kankakee has the only Federally authorized Opportunity Zone within Kankakee County.


KANKAKEE RIVER VALLEY ENTERPRISE ZONE

The City of Kankakee has partnered with neighboring communities and Kankakee County in the formation of the Kankakee River Enterprise Zone.


RIVER EDGE REDEVELOPMENT ZONE PROGRAM

The River Edge Redevelopment Zone Program (RERZ) helps revive and redevelop properties adjacent to rivers in Illinois.


PAST Incentives


TAX INCREMENT FINANCE DISTRICTS

Tax Increment Financing utilizes incremental property taxes attributable to new growth as a way to incent private investment, and to finance needed public improvements. TIF Applications are currently closed until the Fall of 2025.


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