The RLF is a federally capitalized loan fund that provides "gap loans" to businesses that are creating or retaining jobs. Applicants must demonstrate an inability to obtain full funding through the private sector. This program is available to businesses currently located in or planning to expand in the Aledo area. Start-up businesses are also eligible for financing.
For further information and details about the Mercer-Muscatine County Revolving Loan Fund Program, contact the City Administrator, or Donna A. Moritz, Project Manager Bi-State Regional Commission by phone at 309-793-6302, or via email.
Tax Increment Financing (TIF) District
Aledo's TIF District includes most of the Aledo business district along Route 17 and the entire downtown district. TIF grants and loans are available for various commercial building projects within the TIF District. Businesses are eligible for 50-50 grants (to a maximum of $7,500) for building facade improvements and installation of awnings.
For further information and details about the Tax Increment Financing (TIF) program, contact City Hall at 309-582-7241.