Economic Development


Revolving Loan Fund

North Aurora has a pool of funds to assist businesses expanding or locating in the community. The amount of the loan is based on funds available and the number of jobs created. Reduced interest rates can be as low as 3% depending on prospect needs. Funds can be used to acquire property, equipment and various working capital needs.

Tax Increment Financing
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Rt. 31/Lincoln Highway TIF District

The Rt. 31 TIF District includes properties with frontage on Rt. 31/Lincoln Highway, bounded roughly by Oak Street on the North, the Fox River Trail on the east, Sullivan Road on the south and the Burlington Northern Railroad on the west. The total area is approximately 198 acres and prime for retail development and office use.

TIF Public Hearing Draft

North Lincoln Highway TIF District

Village of North Aurora North Lincolnway TIF Redevelopment Plan
North Lincolnway TIF Public Hearing (Powerpoint)

TIF APPLICATIONS

TIF Interested Parties Registration Form
Rt. 31 TIF Grant Guidlines
TIF Grant Application