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Tom Henderson

Executive Director at Illinois Tax Increment Asscociation

Professional Background

Tom Henderson currently serves as the Executive Director and Chief Operating Officer of the Illinois Tax Increment Association (ITIA), a pivotal organization dedicated to the redevelopment of municipalities within Illinois. Under his stewardship, the ITIA has become a significant voice for both municipalities and private firms seeking to enhance community revitalization efforts through Tax Increment Financing (TIF). Tom's role involves planning and implementing programs that facilitate collaboration between governmental bodies and the private sector, ensuring that both stakeholders' needs are addressed in the context of Illinois' redevelopment initiatives.

His responsibilities extend beyond program management; Tom is an effective advocate for the TIF industry, representing ITIA in legislative matters and responding to inquiries from community members, business leaders, and policymakers. This proactive approach helps maintain a robust dialogue concerning economic development in the state. His legislative efforts include proposing essential legislation and providing testimony that shapes the future of community redevelopment efforts in Illinois.

Prior to his leadership role at ITIA, Tom amassed valuable experience at the Illinois Department of Commerce and Economic Opportunity (DCEO), where he excelled as the statewide administrator for several key programs. His work with the Enterprise Zone, High Impact Business, and River Edge Redevelopment Zone Programs showcased his dedication to fostering economic growth and providing vital technical assistance to communities eager to utilize the Tax Increment Finance Program. This background equipped him with unique insights into the challenges and possibilities within Illinois' economic landscape.

Tom's commitment to community redevelopment has been further exemplified through his long-standing involvement with various professional organizations, including the Illinois Development Council (IDC) and the Council of Development Finance Agencies (CDFA). His experience is further enriched by approximately two decades of service on the Board of Directors of the Illinois Enterprise Zone Association (IEZA), a testament to his dedication to the field.

Education and Achievements

Tom Henderson's educational foundation is rooted in a robust academic background that has prepared him for a career in economic development and financial management. He studied for a Bachelor of Accounting degree at the University of Illinois Springfield, where he gained critical skills in financial analysis and management that are essential for navigating the complexities of economic development within Illinois.

Tom's educational journey also included academic pursuits at Illinois Wesleyan University, providing him with a well-rounded liberal arts education that complements his technical accounting expertise. He completed his secondary education at Lanphier High School, where his early interest in community service and economic issues began to take shape.

Throughout his esteemed career, Tom has received numerous accolades in recognition of his contributions to the field of economic development. Notably, he was honored with the “1996 Economic Developer of the Year Award” from the IEZA, reflecting his impactful work in advancing community redevelopment initiatives across Illinois. His persistent dedication to the cause of local governance and economic growth was recognized again in 2011 when he was appointed to the Local Government Advisory Board by Illinois Comptroller Judy Barr Topinka. This role further allowed him to contribute to meaningful discussions about economic strategies that benefit local governments.

In the same year, Tom received “The Distinguished Economic Developer Award” from the Illinois Development Council, celebrating his exceptional commitment to fostering economic growth and innovative solutions for Illinois communities. These awards serve as milestones in his career, underscoring his expertise and importance as a leader in the field.

Achievements

Tom Henderson's career is marked by a series of noteworthy achievements that demonstrate his capability as a leader in economic development. At the helm of the Illinois Tax Increment Association, Tom has successfully driven initiatives that lead to revitalizing communities across the state. Through his leadership, the ITIA has become an influential advocate for the TIF industry, engaging stakeholders at all levels to enhance the effectiveness of redevelopment financing.

His tenure at the Illinois Department of Commerce and Economic Opportunity further solidified his reputation as a knowledgeable and results-oriented professional. The programs he administrated—Enterprise Zone, High Impact Business, and River Edge Redevelopment Zone—played a crucial role in fostering economic growth in Illinois, showcasing his exceptional ability to navigate complex regulatory environments while supporting local economies.

Tom's long-standing participation in professional organizations like the IDC and the CDFA illustrates his commitment to continuing education and collaboration within the field of economic development. By actively engaging with fellow professionals, he has contributed to the development of best practices and innovative strategies being employed across Illinois and beyond.

Tom's recognition through various awards signifies his valuable contributions to the state’s economic landscape. His proactive approach, combined with his extensive knowledge and expertise, positions Tom Henderson as a key figure in the ongoing dialogue about community redevelopment in Illinois, making him a trusted leader and advocate for municipalities aiming to enhance their economic vitality.

Related Questions

How did Tom Henderson's role at the Illinois Tax Increment Association impact community redevelopment across Illinois?
What innovative strategies has Tom Henderson implemented to advocate for the TIF industry?
How did Tom Henderson's experience at the Illinois Department of Commerce influence his contributions to economic development?
In what ways has Tom Henderson utilized his educational background in accounting to enhance his work in economic development?
What are the key initiatives that Tom Henderson has championed during his tenure at the Illinois Tax Increment Association?
Tom Henderson
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Location

Springfield, Illinois, United States