Looking for a place to bring your vision to life? Whether you’re a small business looking for prime retail space or a large-scale company building from the ground up, McHenry, IL, is the perfect place to see your idea realized with a diverse mix of retail, restaurant, service, residential, and recreational spaces.
CITY OF MCHENRY ECONOMIC DEVELOPMENT DEPARTMENT
REQUEST FOR PROPOSALS
TAX INCREMENT FINANCING CONSULTANT SERVICES
The City of McHenry, located in McHenry County, Illinois, is seeking proposals from qualified firms for work related to the potential creation of Tax Increment Financing (TIF) Districts, under Illinois State Statute 65 ILCS 5/11-74.4, to promote the development and revitalization of two areas: Both of the proposed TIF areas connect to the City’s existing Downtown TIF District. Specifically, the City is considering the financial and land use development feasibility of establishing TIF Districts in two geographic areas within the City, one along the Richmond Road Corridor and McCullom Lake Road, and the other on Main Street, along the West Illinois Route 120 Corridor and on Elm Street.
To view bid packet go to: www.cityofmchenry.org/bids_rfps_rfqs
Response Due Date: August 15, 2025 at 5:00 p.m.
Contact/Submit Proposals to:
Douglas Martin, Director of Economic Development
City of McHenry
333 S Green Street
McHenry, IL 60050
(815) 363-2110
dmartin@cityofmchenry.org
The Value We Bring to the Table
The McHenry Economic Development Department thinks outside the box when it comes to the retention, expansion and growth of business activities within the city. Our team asks, “How can we work together to help you?” We strive to improve the economic well-being and quality of life for the City of McHenry by creating and retaining jobs as well as supporting and growing incomes and the tax base.
Quick Facts About McHenry
Total Population
Total Businesses
Median Income
The Economic Vision Statement for The City of McHenry: A thriving city that promotes smart, sensible growth while preserving and enhancing its small-town charm.
Explore McHenry
Discover the rich historical charm of McHenry through its three distinct downtown areas: Main Street, Green Street and Riverside Drive. Each downtown district boasts its own unique identity and offers great potential for redevelopment. To learn more about the exceptional qualities that define McHenry, view our Riverwalk map and explore a variety of specialty shops and service-oriented businesses.
Get the McHenry Advantage
Located equidistant from Chicago, Rockford and Milwaukee, the City of McHenry is primed for economic success with easy accessibility to these major metropolitan markets and transportation hubs. Our business-to-business and community support work jointly to turn new businesses into community staples, while our proximity provides a greater work-life balance with opportunities in nearby state parks and recreation areas, agritourism sites, and cultural events.
When you open for business in the City of McHenry, you’ll find a welcoming community for families and residents of all ages.
