Local Assistance

 

Evansville Economic Development Committee: The City's Economic Development Committee is the lead agency in the City to assist business and industry in locating in the area. Other city, county and state organizations and agencies are also available to offer a variety of general and specialized assistance programs.

Confidential assistance is available for businesses and industries seeking information on site locations, financing, utility rates, taxes, labor availability and wage rates, housing and other resources available to business and industry in the Evansville area.

 

Evansville Redevelopment Authority:  The City's Redevelopment Authority focuses on the traditional downtown area of Main Street and an extension up Union Street.  Much of this area is in Tax Incremental District #5.

 

Evansville Chamber of Commerce: The Chamber of Commerce was formed to bring business, industry, and professional firms and individuals together to improve and promote Evansville.

 

Local Financial Institutions: Three full service banks serve the City and are active lenders with experience in development financing.

 

Regional Organizations: Rock County and Thrive serve Evansville and beyond.  Additional info here........

 

Financial Assistance:

Tax Increment District 5:  Map.  The Redevelopment Authority reviews proposals in this Redevelopment District.  Loan funds are available to assist business development or expansion.  On a case-by-case basis the Authority will consider special projects that go beyond the standardized criteria.  Policy and Application Form.

 

Tax Increment District 6:  Map.  This mixed Commercial/Light Industrial District is meant to assist with the infrastructure for development of the area.  However, the Economic Development Committee will consider business-direct assistance for prominent projects in the district on a case-by-case basis.

 

Tax Increment District 7:  Map.  This mixed Industrial District was created to provide necessary infrastructure and to provide development assistance.  Direct assistance to industry or agribusiness will be considered on a case by case basis.

 

Tax Increment District 8:  Map.  This district was created to enable the construction of the Heights at Evansville Manor assisted living apartments on the Evansville Manor campus.

 

REDL&G:  Evansville Water & Light is eligible to compete for grants and loan funding through the US Department of Agriculture's Rural Economic Development Loan & Grant program.  Zero-interest loans can be used for projects that create or retain jobs.  For info, please see the Press Release... or the USDA Fact Sheet...

 

Revolving Loan Fund (RLF):  The Economic Development Committee administers a revolving loan fund below market rates for businesses throughout the city.  Policy and Application Form.

 

Building Improvement Grant (BIG):  This is a matching grant of up to $1200 for facade, sign, and entry improvements in the historic downtown.  Policy and Application Form.

 

Evansville Water & Light:  Through WPPI Energy and the statewide Focus on Energy program, our municipal electric utility has access to a number of energy efficiency incentives.  Business customers can reduce their operating costs, increase their bottom lines and improve productivity, employee comfort and customer satisfaction.  For info on these business programs......

 

Facilitation and Partnership:  The City of Evansville has experience facilitating and administering state grant money in the form of Community Development Block Grant - Public Facilities for Economic Development (CDBG-PFED) funding from the Department of Commerce and Transportation Facilities Economic Assistance (TEA) from the Department of Transportation.