Is Your Business Eligible for Jacksonville, Illinois, Enterprise Zone Benefits?
Wednesday, May 24, 2023
If you are a business owner in Jacksonville, Illinois, you need to know about Enterprise Zones (EZs) or you may be leaving money on the table. Many people are unaware they qualify for tax abatements.
In the broadest terms, EZs are geographic areas in which companies can qualify for a variety of benefits. The intent is to encourage businesses to stay, locate or expand in an EZ to catalyze community revitalization.
A misconception hindering the utilization of EZs is that the benefits are only for new projects and expansions. However, remodeling and repurposing endeavors can also be eligible...