During a visit to Greenville Tuesday morning by Jim Schultz, director of the Illinois Department of Commerce and Economic Development, it was publicly announced Greenville and Bond County were unsuccessful in receiving a new enterprise zone.
Schultz said there were 66 applicants this year and 49 zones were approved by the state.
Greenville has had an enterprise zone for many years. It is an economic development tool to attract businesses to the community, providing up to seven years of property tax abatement.
Mayor Alan Gaffner told WGEL the city intentionally applied more than a year before the current enterprise zone expires, so the city and county can apply again. Gaffner noted that Schultz pledged to work with the city in reviewing the application following it’s scoring and help identify ways it could be stronger when submitted for review in December 2015. Click below to hear more:
Legislators have set a limit to the number of enterprise zones in Illinois, however Schultz and city officials favor no limit since they help the state in economic development.