Business Assistance and Incentives

Canton offers a variety of competitive incentives to businesses considering locating in the area. Whether you are a large manufacturing company or a retail outlet, the Spoon River Partnership for Economic Development will help you create public/private partnerships to meet all of your company’s needs: locating the right commercial property, financing, permitting, construction services, employee screening, and other business requirements necessary to complete the process of establishing your business here.

 TIF Districts


Canton offers three Tax Increment Financing Districts (TIFs), which include commercial corridors, as well as the downtown business district.  

TIF 1
TIF 2
 TIF 3

 


Low-Interest Loan Funds


The City of Canton and the Partnership have low-interest loan funds available for economic development. The application process is simple and streamlined, allowing new developers to explore financing options in a timely fashion.