Articles

Available Economic Incentives

Lee County has a number of economic incentives available to assist with a wide range of project needs. Our lead economic developer John Thompson is experienced in matching projects with attractive incentive packages and in coordinating with State and Federal incentive programs. Some of our potential incentives include:

 

  • Enterprise Zone Property Tax Abatement
  • Enterprise Zone Building Material Sales Tax Exemption on building materials
  • Enterprise Zone Gas Use Tax Exemption for heating/cooling
    or process natural gas needs
  • Enterprise Zone Employer Tax Credits
  • Enterprise Zone Certified Business Utility Tax Exemption
  • Enterprise Zone Investment Tax Credits
  • Enterprise Zone Job Tax Credits
  • Illinois Investment Tax Credits
  • Illinois EDGE Corporate Income Tax Credits
  • Community Development Assistance Program (CDAP)
  • Business Development Public Infrastructure Program (BDPIP)
  • Revolving Loan Façade Renovation Fund
  • IDOT Economic Development Assistance Program
  • IDOT Truck Access Road Program
  • Negotiated Industrial Property Tax Abatement
  • Developer Referrals
  • Contractor Referrals
  • Waivers of Permit and Inspection Fees to qualifying projects
  • Waivers of Hook-Up Fees for eligible projects
  • Government Financing Programs for eligible projects
  • Federal Economic Development District Status for EDA Grant eligibility
  • Others