DCEO Director Schultz announces first 49 Enterprise zones will not be certified due to state budget issues

[August 17, 2015]  SPRINGFIELD – “In compliance with the statutory timeframe, the Illinois Enterprise Zone Board voted to approve 49 applications to establish or renew enterprise zones.

In light of Illinois’ current fiscal uncertainty and ongoing budget impasse, the Department of Commerce and Economic Opportunity will not certify the enterprise zones at this time.

Local and state tax incentives are important business development tools, but cannot be truly effective while the state continues to bleed jobs due to high costs of doing business.

To issue tax incentives without addressing these cost drivers would be a disservice to Illinois businesses and communities. The Department of Commerce will continue to evaluate the appropriate time to certify the approved enterprise zones.”
 

Enterprise Zones Approved By Enterprise Zone Board:

1. Alexander/Pulaski
2. Bedford Park
3. Belleville
4. Bensenville
5. Boone County
6. Cal Sag
7. Canton Fulton County
8. Champaign City/County
9. Chicago I
10. Chicago II
11. Chicago III
12. Chicago IV
13. Chicago V
14. Cicero
15. Clinton County
16. Danville
17. Decatur/Macon County
18. DeKalb County
19. Des Plaines River Valley
20. Diamond
21. Edgar County/Paris
22. Fairmont City/Caseyville
23. Fairview Heights
24. Franklin Park
25. Galesburg
26. Harvard/Woodstock
27. Hodgkins/McCook
28. Kankakee County
29. Kankakee River Valley
30. Loves Park/Machesney Park

31. Macomb/Bushnell
32. Madison County Discovery
33. Monmouth Warren County
34. Mt. Carmel/Wabash County
35. Mt. Vernon/Waltonville
36. Nashville/Washington County
37. Northern Tazewell County
38. Ottawa Area
39. Peoria Urban
40. Quincy/Adams
41. Riverbend
42. Rockford EZ 1
43. Rockford I-90
44. Southern Tazewell
45. SW Madison County
46. Springfield/Sangamon County
47. Streator Area
48. Urbana/Champaign County
49. Will-Cook County

Post Script:  Logan County has not yet filed an application with the state for the Enterprise Zone.  It is expected the application will be submitted at the end of the year, for approval in 2016, and to take effect in 2017.

[Illinois Department of Commerce & Economic Opportunity]