The City of Washington, Illinois

Economic Development

Why Washington?

Some Facts and Notes about Washington:

• Established in 1825 and features a vintage downtown square included as a part of the Original Town in 1839. The square features distinctive shops and cafes that surround a one-third acre park and water fountain at the center of the square.
• Located just 8 miles east of Peoria, Washington lies on U.S. Route 24 and is within close proximity to Interstates I-74, I-155, and I-39.
• Has a rapidly growing population of 16,566 persons with an estimated local trade area population of more than 100,000 within a 15-minute drive time. The trade area median age is 35.3 years and average household size is 2.5 persons.
• The median household income in Washington is $71,702.
• In the last fifteen years, Washington saw more new residential development than any other community in Tazewell County with more than 1,500 units under construction.
• Offers a choice of established, older neighborhoods and new, modern subdivisions throughout the city. The average sale price of a new or existing home in Washington is $172,000, and the average construction value of a new home is $259,000.
• Prides itself on a high quality of life due to excellent schools, quality public services, self-supporting amenities, safe and friendly atmosphere, and small-town charm.
• Offers City-owned public water and sewer systems, 24-hour police, fire, and emergency response (911), and other local amenities, such as the library and park districts.
• Enjoys many active local organizations, including the Chamber of Commerce, Economic Development Commission, Rotary International, Kiwanis, Lions Club, multiple business and neighborhood associations, and more.

Why Choose Washington?

• A Downtown Square tax increment financing (TIF) district offers renovation and improvement subsidies.
• A citywide Enterprise Zone offering 100% property tax abatement through 2030, plus sales tax waivers, tax credits, and other incentives.
• A Revolving Loan Fund offers low-interest loans for non-construction improvements to help grow a business.
• Existing retail and business spaces are available in multiple shopping centers and plazas throughout town. Dozens of acres of developable commercial property with full public utilities are also available.
• A 50% reduction of all building and zoning fees, and utility connection fees, for properties in the Enterprise Zone.
• No public site plan review process – most development plans for new commercial construction is reviewed internally by City staff with a quick turnaround time.