Enterprise Zone

Enterprise Zone Map

The Riverbend Enterprise Zone offers outstanding investment opportunities for companies seeking a full range of location or expansion incentives. Start-up costs and long-term operating costs can be significantly reduced through a combination of state and local tax incentives, low-cost financing, and employee training programs. It is simple to take advantage of zone incentives and a network of development professionals stand ready to assist.

• Property tax abatement on increased assessed valuation due to new construction or renovation for four years
• 6.60+% sales tax exemption on building materials
• 1% investment tax credits on machinery, equipment and buildings
• 0.5% investment tax credit for firms that increase their employment in Illinois by 1%
• $500 jobs tax credit for each eligible new employee (minimum five eligible new hires in one year)
• Deductions from state income tax on dividends paid by corporations doing substantial business within the zone
• Low interest business financing program
• Employment training assistance programs