The City of Kankakee has the only Federally authorized Opportunity Zone within Kankakee County.
The City of Kankakee has partnered with neighboring communities and Kankakee County in the formation of the Kankakee River Enterprise Zone.
The River Edge Redevelopment Zone Program (RERZ) helps revive and redevelop properties adjacent to rivers in Illinois.
Tax Increment Financing utilizes incremental property taxes attributable to new growth as a way to incent private investment, and to finance needed public improvements. There are two established TIF’s within the City of Kankakee.