Business Incentives

What is TIF?Tax Increment Financing (TIF) has proven to be one of the most effective economic development tools available to Illinois municipalities for financing development and redevelopment. With this tool, municipalities can make the improvements they need, like new roads or new sewers, and provide incentives to attract businesses or to help existing businesses expand without tapping into general funds or raising taxes.

When a TIF area (often called a TIF District) is created, the value of the property area at that time is established as the “base” amount. Property taxes are still paid to the various tax bodies using the base amount, the amount is reduced only if the base declines or the tax rate decreases. It is the growth in the value of the property over the base that generates the tax increment. This increment is collected into a special fund (the Special Tax Increment Allocation Fund) for use by the municipality to make additional investments in the TIF project area. 

After the redevelopment has occurred and the TIF District ends (usually after 23 years, the maximum allowed by Illinois law absent an extension), all of the taxing bodies benefit from the new growth and the new tax rate.

tif-explainedTIF Policy

Brookfield TIF DistrictsThere are 4 TIF districts in Brookfield: 8 corners, Downtown/ Grand Boulevard, Ogden Avenue, and Congress Park.

8 Corners                                           Downtown/ Grand Boulevard 

8-Corners-TIF           Downtown-TIF

Ogden Avenue                                 Congress Park

Ogden-TIF         Congress-Park-TIF


TIF ProgramsBusinesses located in TIF districts are eligible for select funding opportunities.

TIF Reports

2022 State Reports


2021 State Reports

2020 State Reports



Contact InformationEmily A. Egan, AICP
Community Development Director
(708) 485-1113

Cindy Klima
Economic Development
(708) 485-1167
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TIF Reports8 documents

2021 State Reports4 documents

  • 8 Corners TIF 2021 Revised State Report
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  • Congress Park 2021 State Report
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  • Grand Blvd TIF 2021 State Report
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  • Ogden Ave TIF 2021 State Report
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2020 State Reports4 documents

  • 8 Corners TIF 2020 State Report
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  • Congress Park TIF 2020 State Report
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  • Grand Boulevard TIF 2020 State Report
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  • Ogden Avenue TIF 2020 State Report
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