Financial Assistance

TIF Districts

Salem's TIF districts are located in the Downtown and Industrial Park areas. Maps of Salem's TIF districts can be found here. If you are a property owner or lease holder in a Salem TIF district please contact Leah Dellicarpini, Economic Development Director at 618-548-2222 ext.16 or ecodev@salemil.us.

Enterprise Zone

The Salem Enterprise Zone can help businesses that are expanding and creating jobs within the Enterprise Zone. Possible assistance may include sales tax exemption for construction materials involved with a business project and property tax abatement. A map of the Salem/Marion County Enterprise Zone can be found here. Applications for assistance can be downloaded below. Submit completed applications to Economic Development Director at 618-548-2222 ext.16 or ecodev@salemil.us.

Salem Commercial Lending Institutions

Salem is home to six banks, either headquartered in Salem or branch office, which offer commercial lending. Several of these banks also offer loans via SBA, Advantage Illinois, FSA, etc. Contact information for commercial lending agents may be found by visiting the following websites.

  • Marion County Savings Bank
  • The Iuka State Bank
  • Peoples National Bank
  • First Financial Bank
  • Peoples State Bank