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EconDevHead

No matter if your market is worldwide or regional, there are many benefits to locating your business in Carmi

Tax incentives

The City of Carmi has established a Tax Increment Financing (TIF) Redevelopment Area.  The TIF program provides for funds to help pay for defined Redevelopment Project Costs, including infrastructure improvements, which will assist new private development and enhance property values in the general area of the TIF.

Carmi and parts of unincorporated White County are within an Illinois Enterprise Zone.  Incentives include sales tax exemption on building materials, property tax abatements, job tax credits and low interest loans.

Carmi Demographics

  • Population: 5,422
  • Housing: 2,667 units
  • Geography: 2.53 square miles
  • Number of households with married couples living together: 49.7%
  • Number of households with children under 18: 23.8%
  • Average household size: 2.16
  • Average family size was: 2.78
  • Under the age of 18: 20.4%; 18 to 24: 8.2%; 25 to 44: 23.7%; 45 to 64: 21.7%; 65+: 25.9%
  • Median age: 43
  • For every 100 females there were 84.4 males
  • For every 100 females age 18 and over, there were 81.7 males
  • Median household income: $25,667
  • Median family income: $32,456
  • Median income males: $30,735
  • Median income females: $16,693