The Economic Alliance works diligently to report in a timely manner on things like local business expansion, new business development, new and enhanced development incentives, economic news and other items of interest to our community investors and investor prospects.
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Tuesday, February 13, 2024
The River Edge Redevelopment Zone Program (RERZ) helps revive and redevelop properties adjacent to rivers in Illinois. RERZ provides several incentives authorized by State law, including sales tax exemption and property tax abatement. Other incentives are claimed on your Illinois Income Tax filing forms.
Wednesday, May 31, 2023
Cities in the River Edge Redevelopment Zone are eligible for the Illinois Historic Preservation Tax Credit Program, which provides a state income-tax credit equal to 25% of a project’s qualified expenditures to owners of certified historic structures.
Monday, July 25, 2022
ComEd offers increased incentives to help businesses and facilities reduce energy use by improving the efficiency of their equipment.
Thursday, August 5, 2021
Ideally situated just 45 minutes south of Downtown Chicago along the I-57 corridor, Kankakee County boasts a diverse mix of an urban and rural lifestyle – offering a suite of business, residential and recreational benefits catering to Veterans.
