Economic Development

Princeville is a pleasantly compact community with an active and prosperous downtown.

The village is tucked away just 15 miles from Peoria (urban population center of more 350,000) and linked by Interstate 74 and State Highways 90 & 91. The Burlington Northern - Santa Fe railroad passes along the village’s south side, where Princeville's spur allows on and off loading. T1 high-speed internet connections link the community with the World Wide Web.

Princeville Demographic Information Compiled by - Illinois Department of Commerce and Community Affairs


"The primary purpose of economic development in the village is to improve and maintain the foundation necessary for long-term economic growth, retain and expand local businesses, and attract new businesses to increase jobs and tax revenue for the Princeville area."

For more information regarding Princeville’s Economic Development email the Economic Development Committee at .

Building Codes & Zoning:

The Village is currently updating the building codes and zoning. Please contact Village Hall for up-to-date codes and zoning, (309) 385-4765, or

Business Development Programs:

CDAP Princeville has over $250,000 available for low interest business development loans through their Community Development Assistance Program – Economic Development Revolving Loan Fund.

TIF - Tax Increment Financing districts are improving local schools, village infrastructure, private developments and businesses. Contact Village Hall for more information, (309) 385-4765 or  

Local banks offer reduced rate loans for business expansion and visual enhancement projects.