While the City of Geneseo has many potential commercial property options available, many of these fall into three categories:

We welcome new businesses to Geneseo! 

Below is a list of incentives for businesses new to Geneseo.

TIF District Benefits -- Potential to share in property tax increment.  Detail at City Hall.

County Revolving Loan -- $7,500 per employee job created at 2.5% interest.  Detail at Henry County Courthouse.

Geneseo Revolving Loan --$7,500 per employee job created at 2.5% interest.  Details at City Hall.

Sales Tax Abatement -- City's portion for two years ($200,000 in sales would result in rebate of $2,000).  Bring in receipts quarterly for payback.

Sales Tax Refund -- City's portion, for construction materials (concrete, lumber, floor coverings, wall coverings, paint, furniture) for first six months.  Must be purchased in Geneseo. ($50,000 in purchase would result in $500 refund).  Bring in receipts at end of first six months for refund.

Abatement of Real Estate Taxes* -- On newly purchased property, the city's portion, for 2 years.  (Business property assessed at $100,000 would generate $173 refund).  Bring in paid tax bill for refund.  

Water/Sewer Discount -- 20% discount for first two years.  Pay in person for discount to be deducted.

Electricity Discount -- 10% discount for first two years.  Pay in person for discount to be deducted.

*State Law prohibits abatement of real estate taxes if in a TIF District.