The City of Greenville has applied to the state for a new enterprise zone. The current one expires at the end of 2016.
Greenville City Manager Dave Willey told WGEL a press release from the Department of Commerce & Economic Opportunity shows that the state has received 18 applications for an enterprise zone. Willey said he is pleased with that number, as only 12 zones will be awarded this year.
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Of the 18 applicants, 15 of them currently have enterprise zones.
DCEO certified 49 zones last year that took effect on January 1st.
State enterprise zones are designed to stimulate business and industrial growth, and retention in depressed areas, and stimulate neighborhood revitalization of depressed areas by means of government controls and tax incentives.
If approved, the new local enterprise zone would be named Greenville/Bond County. The current one is named Greenville/Smithboro since it has Smithboro territory in it.
The new, proposed zone does not have Smithboro property.