Massac County awarded one of six new enterprise zones in Illinois
Massac County has been awarded one of six new enterprise zones by the Illinois Department of Commerce Enterprise Board, according to a recent announcement.
The zones, which go into effect at the start of 2018, are meant to promote economic growth in the areas by offering companies that operate in the zone a variety of potential tax credits, such as investment credits, sales tax exemptions and other local incentives.
The board announced the picks at its annual meeting on Sept. 6 and will choose up to three zones next year from applications received at its website by the end of this year.
A local official administers the zone under state-established guidelines for the 15 years that it remains an enterprise zone. After 13 years, the board can give the zone a 10-year extension.
Besides the Massac County zone, the other enterprise zones announced will be in Chicago, Douglas County, Effingham/Effingham County, Jersey-Green Intermodal and Whiteside Carroll.