Incentives
Carthage has a Tax Increment Financing District that includes many sections of the community that are excellent locations for your business. This includes large and small building sites with highway access on the east side of Carthage around the Highway 336 interchange, locations on Route 136 going through the community east to west, and buildings on the downtown courthouse square. The TIF program is created by state statutes to generate funds that can be used for redevelopment project costs.
Financing
Local banks and other development groups in our area are always available to talk with people interested in starting up a new business. Carthage has one of the lower tax rates in the state and strives to keep it that way!
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First Bankers Trust Company
- Full-service community bank
- Traditional and online banking options
- Real estate, agriculture, commercial and personal loans
- Trust services
- Safe deposit boxes
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Fortress Bank
Full banking services: loans mortgage, auto, refinance, agricultural. Friendly and active in the community. Offers revolving line of credit. Specializes in agricultural financing.
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Marine Bank & Trust
One of Carthage’s full service banks, conveniently located on highway 136. Stop in for friendly service with a smile!
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Prairie Hills Resource Conservation and Development
Specifically for development loans.
David King, Director
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Western Illinois Community Development Corporation
Specifically for development loans, initiated through local lenders.
Amy Bruenger, Marine Bank
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Western Illinois Economic Development Authority (WEIDA)
Specifically for tax-free bond financing and revolving loans.
Warren Ribley, Assistant Executive Director
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Western Illinois Electrical Coop
Provider of electricity to rural areas in/around Carthage, Hancock County, and Henderson County areas. Main office located right in Carthage for your convenience!
Revolving loans for business development.
*** FOR POWER EMERGENCIES, please call 800-576-3125 ***
Todd Grotts,
