Enterprise Zone
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