Incentives
In 2024, Downtown Jackson experienced over $7.6 million in public and private investment, including 28 building rehabilitation projects and the addition of 21 new businesses. With updated master plans, design guidelines, and a variety of economic development tools available within the Downtown District, now is the perfect time to explore your next property or business opportunity in Downtown Jackson. Let JDDC help you connect to the development tools and resources below.
Downtown Improvement Grant
Subgrantee applications open July 25, 2025
JDDC has been awarded $300,000 from TNECD through the Downtown Improvement Grant. This funding will support façade improvements, wayfinding, and streetscape beautification projects that enhance the economic vitality of the Downtown District. Commercial property owners within the district boundaries are eligible to apply. Improvement Grant Application
Downtown Jackson Revenue Finance Corporation (PILOT)
The DJRFC PILOT (Payment-in-lieu-of-tax) is a financial incentive used to encourage significant renovation of underutilized or vacant commercial and residential properties in the Downtown District. DJRFC PILOTs hold property taxes at a pre-development level for a set amount of time as determined by a grading system administered by the Downtown Jackson Revenue Finance Corporation. Contact JDDC for more information.
Community Redevelopment Agency (TIF Districts 1 & 2)
Tax Increment Financing (TIF) is a program through which tax revenue increases within a designated area may be reallocated for infrastructure improvements within that area. Eligible projects may be presented to the Community Redevelopment Agency (CRA) for funding consideration.
Federal Historic Tax Credit Program
The program provides a 20% historic tax credit for certified historic structures. In order to become certified, projects must be reviewed by the State Historic Preservation Office and the Technical Preservation Services division of the National Park Service (NPS). Applicants should contact the Tennessee Historical Commission (THC) before starting a project. Email Justin Heskew to determine if your property qualifies.
TN Historical Commission Preservation Grants
Grant applications open December 1, 2024
Grant applications for the next round should be open December 1, 2025 - February 1, 2026, based on federal budget approvals. Grant awards typically average between $15,000-$65,000 to ensure as many projects as possible throughout the state are funded.
The selection process will emphasize projects that provide the most public benefit such as architectural and archaeological surveys, design guidelines for historic districts, and restoration of historic buildings that are listed in the National Register and have a public use. For financial incentives for commercial properties, see here for information about the Federal Historic Tax Credit.
Backing Small Business Grant
This summer, the Backing Small Businesses grant program, supported by American Express, will offer 400 grants of $10,000 to locally significant small businesses pursuing projects that enhance long-term resilience, promote sustainable growth, and strengthen their positive impact within the community. Applications will open on Wednesday, July 16 at 9:00 a.m. CT and close on Thursday, July 31 at 11:59 p.m. CT. In addition, 25 recipients will then have the opportunity to apply for an Enhancement Grant of $30,000. More Info