DeKalb Considering Establishing an Enterprise Zone
November 22, 2014
DeKalb County is hoping to attract more businesses, as well as strengthen and expand the position of those already in the area. The County Board is considering applying for approval to establish an enterprise zone that will provide incentives such as property tax breaks, discounts and sales tax relief on manufacturing equipment and construction materials to companies occupying or moving into 15 square miles of designated land. There are 97 such enterprise zones across Illinois, and the application process for available slots is competitive. The Board is set to make its proposal soon with the hopes that industrial parks in DeKalb, Sycamore, Genoa, Cortland, and Sandwich will benefit. Local counties with similar enterprise zones have experienced growth and job retention.
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