Enterprise Zone

BNEDC is the administrator of the local portion of the Illinois Enterprise Zone. The Enterprise Zone provides economic incentives to commercial companies undertaking new investments, including facility expansion, renovation, and other qualified improvements. Several incentives may be awarded to businesses in the zone boundaries (listed below).

Our portion of the zone includes Bloomington-Normal-McLean County and Gibson City-Ford County. These five government bodies coordinate on the 15-square-miles authorized by the Illinois Department of Commerce and Economic Opportunity (DCEO).

View our map of the Enterprise Zone below to see if your business is in the boundaries and to see available sites/properties located in the zone:

NOTICE OF PUBLIC HEARING CONCERNING TECHNICAL CORRECTION FOR BLOOMINGTON-NORMAL ENTERPRISE ZONE

Notice is hereby given to all interested persons that a public hearing will be held by the Bloomington-Normal Economic Development Corporation (BNEDC), in their capacity as the Bloomington-Normal Enterprise Zone Administrator at 12:00 p.m. on November 13, 2020. In accordance with directives contained in Governor Pritzker’s Executive Order 7, Section 6, reauthorized by Executive Order 52, Part 1; Executive Order 55, Part 1; and Executive order 59, Part 1, this meeting will be held via Zoom Videoconference. Should interested parties wish to participate, they should connect via the following link: https://us02web.zoom.us/j/84167678018. When prompted, enter access code 61761 to enter the videoconference.

In consideration of the state of Illinois’ shelter-in-place directive, on March 16, 2020, Governor J.B. Pritzker issued Executive Order 7, making temporary adjustments to the State’s Open Meetings Act. Governor Pritzker reauthorized these adjustments through Executive Order 52 issued on August 21, 2020; a second reauthorization through Executive Order 55 issued on September 18, 2020; and a third reauthorization through Executive Order 59 issued on October 16, 2020. The order is in place through November 14, 2020. The specific language of Section 6 of this Executive Order states: During the duration of the Gubernatorial Disaster Proclamation, the provisions of the Open Meetings Act, 5 ILCS 120, requiring or relating to in-person attendance by members of a public body are suspended. Specifically, (1) the requirement in 5 ILCS 120/2.01 that “members of a public body must be physically present” is suspended; and (2) the conditions in 5 ILCS 120/7 limiting when remote participation is permitted are suspended. Public bodies are encouraged to postpone consideration of public business where possible. When a meeting is necessary, public bodies are encouraged to provide video, audio, and/or telephonic access to meetings to ensure members of the public may monitor the meeting, and to update their websites and social media feeds to keep the public fully apprised of any modifications to their meeting schedules or the format of their meetings due to COVID-19, as well their activities relating to COVID-19.

The purpose of the hearing is to discuss a technical correction required for a previously approved boundary amendment to the Bloomington-Normal  Enterprise Zone. Copies of the proposed change can or will be found at https://www.bnbiz.org/resources/enterprise-zone/.

In said public hearing, all interested persons will be given the opportunity to present oral comments and testimony regarding the aforementioned boundary amendment proposal utilizing the videoconference access described above. Any person wishing to comment at such public hearing and be heard may do so themselves or by representative attorney. Written comments in relation to such proposed amendment must be emailed to patrick@bnbiz.org not later than one hour prior to the 12:00 p.m. start of the hearing on November 13, 2020, in order to be considered.

Such public hearing may be adjourned or continued from time to time to another date and or location within the Zone boundaries without further notice.  For additional information regarding the public hearing and proposed Enterprise Zone amendment, contact Patrick Hoban, 200 W. College, Suite 402, Normal, IL 61761 or by phone at (309) 452-8437 or email at patrick@bnbiz.org.

Illinois Enterprise Zone Incentives

Incentive Amount Type Criteria
Sales Tax Exemption on Building Materials Sales Tax Exemption State/Local 6.25% State Sales Tax + Local Sales Tax
Sales Tax Exemption on Personal Property used or consumed during manufacturing process Sales Tax Exemption State/Local $5M investment creating 200 FTEs or
$40M invesment retaining 2,000 FTEs or
$40M investment creating 1,000 FTEs
Utility Tax Exemption on Gas and Electricity and administrative charge on telecom excise tax 5.00% State Utility Tax and 0.10% admin charge State/Local $5M investment creating 200 FTEs or
$175M investment creating 150 FTEs or
$20M investment retaining 1,000 FTEs
Investment Tax Credit on Qualified Investments 0.50% State Tax Credit State Qualified Property includes machinery, equipment, and buildings; includes a carry forward of 5 years
Natural Gas Tax Exemption for Wheeling 5.0% State Tax Exemption State Businesses purchasing natural gas direct from pipeline
Real Estate Property Tax Abatement eligibility if approved by local units of government Varied Local Abatement Policy approved by local units of government

EZ Application fillable

Subcontractor info

What Qualifies as Building Materials

https://www2.illinois.gov/rev/research/publications/pubs/Documents/pub-139.pdf#search=publication%20139

Applications for certification are available and required for collection by the Illinois DCEO. The information must be fully completed and returned to Zone Administration Office (BNEDC) with the application fee before any Enterprise Zone benefits can be granted.

Questions concerning  to or to acquire the forms can be directed to the EDC offices at 309-452-8437 or becky@bnbiz.org.