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:
Illinois Enterprise Zone Incentives
|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|
Application Process to Obtain Sales Tax Exemption Certificates for Building Materials
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 email@example.com.