A variety of state and local incentives are available in the Decatur-Macon County Enterprise Zone including local property tax abatement for eligible projects. Designated Enterprise Zone Projects may also be eligible for incentives from the state that are customized to meet the unique needs of the business, including tax credits related to employment activity. The Decatur-Macon County Enterprise Zone encompasses significant portions of the region’s industrial and business locations.
To see if a property is located within the enterprise zone, click here.
For all details concerning available incentives and benefits, click here.
Sales Tax Exemption Certificates
Sales tax exemptions on construction materials may be available for eligible projects located within the boundaries of the zone. Approval for the exemption is granted by the EDC Zone Administrator after submission of the following applications and documented construction materials lists and costs. All forms must be completed in full and must be accompanied by an approved building permit application issued by the City of Decatur or other recognized body and payment of applicable fees.
Foreign Trade Zones
Foreign Trade Zones (FTZs) are designated sites where special customs procedures apply. Foreign trade zones in the United States are comparable to so-called free trade zones in many countries, though procedures vary widely from country to country. Foreign goods may be admitted to an FTZ without being subject to customs duties and certain excise taxes.
There are multiple Tax Increment Finance Districts (TIFs) in Decatur and Macon County. TIFs provide a means in which communities can financially assist in the development or redevelopment of an area which qualifies for state TIF criteria. Tax increment is the difference in the tax revenue generated before the property is developed or redeveloped and the tax revenue generated after the improvements have been made.
Reimagining Electric Vehicles (REV) Illinois Program
This groundbreaking program is designed to bolster Illinois manufacturing – already a top destination for electric vehicle (EV) manufacturing in the United States – and to grow the ecosystem to create new capacity for EV vehicle and component parts production. This will also support our state’s bold climate change agenda, including putting 1 million EVs on the road by 2030. Learn more here.
Cost of Living
The cost of living in Decatur & Macon County is a large incentive when comparing other areas of the country. Please use our cost of living index calculator below.