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