New Effingham City/County Enterprise Zone Certified by State

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Published on October 18 2017 3:26 pm
Last Updated on October 18 2017 3:26 pm
Written by Greg Sapp

The Illinois Department of Commerce Wednesday announced the decision to certify six Enterprise Zones, including the Effingham/Effingham County Zone. The Enterprise Zone Board evaluated applications submitted by interested parties and made their final recommendations at their annual meeting held on September 6.

Enterprise Zone designations, effective January 1, 2018, are awarded to the following:

1. Chicago VI 

2. Douglas County

3. Effingham/Effingham County

4. Jersey–Green Intermodal

5. Massac County

6. Whiteside Carroll

Enterprise Zones encourage job growth and investment in economically depressed areas. Companies and organizations within a zone may qualify for various tax incentives like sales tax exemptions on qualifying building materials, investment tax credits, utility tax exemptions and various local incentives. Each zone is administered by a local official under rules established by the state.

Once designated, an Enterprise Zone maintains its designation for 15 years. The Enterprise Zone Board will review the zone after 13 years to determine a possible 10-year extension of the designation.

The current Effingham City/County Enterprise Zone was established in 1988. It will expire once the new zone becomes effective.

The new zone includes more property in and around the city of Effingham and also portions of Teutopolis.