In the fall of 2017, the City of Crest Hill passed ordinances allowing for the very first Tax Increment Finance (TIF) Districts in the city's history. TIF Districts are an economic development strategy to entice developers with lucrative incentives to build, redevelop, and bring new businesses to the City of Crest Hill while expanding the tax base, building a highly skilled workforce, building economic stability and increasing the standard of living for its citizens.