These are potential tax incentive programs that could be utilized by a business expanding or relocating in Madison County.
Madison County Community Development’s Economic Development department
Riverbend Enterprise Zone
Portions of the communities of Alton, Bethalto, East Alton, Hartford, Roxana, South Roxana and Wood River invite you to seize the opportunity offered by the Riverbend Enterprise Zone. Additional information including an interactive GIS zone map can be found on Madison County’s website at https://goo.gl/phaBFP.
Foreign Trade Zone Access
Foreign Trade Zone #31 is located at America’s Central Port and is a mainland port. Sub-zones can be established in the River Bend region.
IL DCEO – Visit Website
The Riverbend region offers a wide range of economic development programs to help your business cost-effectively retain, locate, or expand its operations. The economic development programs are designed to provide assistance in the form of business financing, employee recruitment and training, infrastructure improvement, tax incentives, and technology and business development.
A network of experienced economic development specialists is ready to serve you in developing comprehensive incentive packages that are appropriate for your business’s needs. Conducting business in the Riverbend is enhanced by a variety of tax incentives that are designed to encourage economic growth by impacting a company’s bottom line.
- Enterprise Zones
- Economic Development for a Growing Economy Tax Credit Program (EDGE)
- EDGE Agreements
- High Impact Business Program
- Illinois Angel Investment Credit Program
- Illinois Historic Preservation Tax Credit Program
- River Edge Redevelopment Zone Program
- New Markets Development Program
- Tax Increment Financing
For additional information, contact the Illinois Department of Commerce & Economic Opportunity (DCEO). Our area representative, Erika Kennett, can be reached at (217) 299-3461.