CSEDC Working with Enterprise Zones
Enterprise zones are geographic regions that are granted special status by a government in order to encourage development and economic growth. The zones may be granted favorable tax rates, regulatory exemptions, or other incentives to encourage businesses to stay in the area or locate in it. The Illinois Enterprise Zone Program is designed to stimulate economic growth and neighborhood revitalization in economically depressed areas of the state. CSEDC works with the four Southland Enterprise Zones to market the region.
Cal Sag Enterprise Zone (www.calsagezone.org), one of over 93 Enterprise Zones in The State of Illinois. These zones were created to stimulate new development and expansion in the zone, thereby creating employment and expanding the tax base in the region. The Cal Sag Enterprise Zone, established in 1983, covers certain geographical properties in the above mentioned communities. New construction and expansion of commercial and industrial projects in the Zone may qualify for significant real estate, sales tax, and construction cost savings.
Business Development Tax Incentives for: Alsip, Blue Island, Calumet Park, Country Club Hills, Dixmoor, East Hazel Crest, Harvey, Hazel Crest, Homewood, Markham, Merrionette Park, Midlothian, Oak Forest, Phoenix, Robbins, Worth & Parts of Unincorporated Cook County.
Calumet Region Enterprise Zone(www.calumetezone.org), established in 2017, the Calumet Region Enterprise Zone is designed to stimulate economic growth and neighborhood revitalization in key opportunity areas in Calumet City, Dolton, Lansing, Riverdale, South Holland, Thornton, and unincorporated Cook County.
Will Cook Enterprise Zone(www.willcookezone.org), covers portions of the Villages of Matteson, Monee, Park Forest, Richton Park and University Park, as well as, Cook and Will Counties. We specialize in commercial and industrial project expansions and new construction, business development tax incentives, real estate, sales tax and construction cost savings, and utility tax exemptions.
Lincoln 394 Enterprise Zone (www.lincoln394.com), established in 2017, the Lincoln-394 Enterprise Zone is designed to stimulate economic growth and neighborhood revitalization in key opportunity areas in Beecher, Chicago Heights, Crete, Ford Heights, Glenwood, Olympia Fields, Sauk Village, South Chicago Heights, Steger, unincorporated Cook County, and unincorporated Will County.