Proposed enterprise zone maps:
- Cal-Sag Enterprise Zone map (Alsip, Blue Island, Calumet Park, Dixmoor, Harvey, Hazel Crest, Merrionette Park, Oak Forest, Phoenix, Robbins and Worth)
- Calumet Region Enterprise Zone map (Calumet City, Dolton, Riverdale, Lansing and South Holland)
- Lincoln & 394 Enterprise Zone map (Chicago Heights, Crete, Ford Heights, Olympia Fields, Sauk Village, South Chicago Heights and Steger)
- Will/Cook I-57 Enterprise Zone map (Matteson, Monee, Park Forest, Richton Park and University Park)
Enterprise Zone news
- Cal Sag and Will/Cook County Enterprise Zones finally certified
- Cook County on board with Calumet Enterprise Zone
- Enterprise zones caught in state budget impasse
- The South Suburban Region Enterprise Zone Resource Guide is now available here.
Background from the Illinois Illinois DCEO web site:
The Illinois Enterprise Zone Program is designed to stimulate economic growth and neighborhood revitalization in economically depressed areas of the state. This is accomplished through state and local tax incentives, regulatory relief, and improved governmental services.
The Illinois Enterprise Zone Act was signed into law December 7, 1982. The purpose of the Act is to stimulate economic growth and neighborhood revitalization in economically depressed areas of the state. Businesses located (or those that choose to locate) in a designated enterprise zone can become eligible to obtain special state and local tax incentives, regulatory relief, and improved governmental services, thus providing an economic stimulus to an area that would otherwise be neglected.
Businesses located or expanding in an Illinois enterprise zone may be eligible for the following incentives: an exemption on the retailers’ occupation tax paid on building materials, and an investment tax credit of .5 percent of qualified property. Additional exemptions, such as an expanded state sales tax exemption on purchases of personal property used or consumed in the manufacturing process or in the operation of a pollution control facility and an exemption on the state utility tax for electricity, natural gas and the Illinois Commerce Commission’s administrative charge and telecommunication excise tax are available for companies that make the minimum statutory investment that either creates or retains the necessary number of jobs. These exemptions require a business to make application to, and be certified by, the Department. In addition to the state incentives, each zone offers distinctive local incentives to enhance business development projects. Each enterprise zone has a designated zone administrator who is responsible for zone compliance and is available to answer questions regarding the zone. To receive a Certificate of Eligibility for Sales Tax Exemption, you must contact the local zone administrator of the zone into which the purchased building material will be incorporated. More information regarding Illinois enterprise zones is available here.