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Four local enterprise zones among many being considered by state officials

Posted by wlpo on January 22, 2015

The more a city can offer a company, the better its chances of attracting new businesses and jobs. Cities in Illinois, many local, have acres of undeveloped land included in Enterprise Zones to entice businesses looking for various tax breaks.

The state only allows so many to exist and for a limited time. Four local zones are among 67 existing and new zones state officials will consider in 2015. Only 49 will be approved according to David Roeder with the Department of Commerce and Economic Development.

The enterprise board will consider the vacancy rate of industrial or commercial buildings in an area and the availability of career skills programs at area high schools.

The Bureau-Putnam Area, Illinois Valley, Ottawa Area and Streator Area zones are the local zones being considered.

Companies in an enterprise zone may not have to pay sales tax on building materials or utilities.

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