Development Incentives

For persons or businesses interested in expanding an existing business or starting a new one, or even in simply upgrading the business façade, building structure, landscaping and beautification ideas, please contact the Village of Sherman Economic Development Department.  Economic incentives may be a possibility.

The Village has three Tax Increment Financing (TIF) districts. You can view the locations of these TIF districts on the Sherman TIF Map. The TIF program is an incentive tool municipalities utilize in an effort to spur economic development.  TIF is a program that can assist businesses and local organizations by incentivizing them into making improvements in their existing business or even enticing new businesses to locate to the area. Businesses and/or persons interested in exploring the possibilities of locating a new business, expanding an existing business, or making various improvements, please contact the Village Economic Development Coordinator.

Download or print a copy of the Village’s TIF Funding Application