The City of Greenville has applied to the state of Illinois for a new enterprise zone.
Businesses that locate in an enterprise zone may be eligible for state and local tax incentives.
Greenville City Manager Dave Willey said the city’s application is being evaluated by the enterprise zone board, which meets every two weeks through the end of September. Up to twelve zones will be awarded.
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Greenville’s zone, which it has had for many years, expires the end of 2016.
Fifteen of the 18 applicants under consideration for new zones, currently have one.
City Manager Willey said there are many reasons why an enterprise zone is important to Greenville, the biggest of which is to remain competitive with other communities and to look attractive to businesses who want to open a new facility or remodel an existing facility.
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The 12 recipients of new zones will be announced before the end of the year.