TAX INCREMENT FINANCING DISTRICTS
The City has 5 Tax Increment Financing Districts (TIFF) within the corporate limits. This type of financing enables the City to utilize expected increases in Property Taxes from new construction or substantial renovation, for public improvements and also to assist developers with costs associated for land acquisition, rehabilitation of buildings, job training expenses, relocation, and financing costs including interest assistance, payment in lieu of taxes and professional services and studies.

LOW-INTEREST REVOLVING LOAN FUND
The City's Revolving Loan Fund is available to industrial and commercial businesses that are expanding or locating within Mt. Carmel. Up to $10,000 per new full-time job can be loaned to a business. The company must have other forms of financing that is committed to the project. The typical project can see a 4% interest rate with a negotiable term