| | 1: | | Title: | | | | | Volume/Number: | 2023 | | | | Issuing Agency: | | | | | Description: | The Illinois Enterprise Zone Act, 20 ILCS 655/1, et seq. (the Act), was signed into law December 7, 1982.The purpose of the Act is to stimulate economic growth and neighborhood revitalization at the local level. This is accomplished through state and local tax incentives, regulatory relief, and improved government services. In accordance with the Illinois Enterprise Zone Act, the Illinois Department of Commerce and Economic Opportunity (DCEO or the Department) is authorized to designate Enterprise Zones. Pursuant to the most recent amendments to the Act, applicants must satisfy certain statutory criteria as part of the application process. DCEO reviews the applications based on the scoring system set forth in the Act, and then submits its recommendations to the Enterprise Zone Board to review and either approve or deny such applications. The Department certifies zones based on the review and approval of the Enterprise Zone Board. | | | | Date Created: | 10-01-2024 | | | | Agency ID: | | | | | ISL ID: | 000000108724 Original UID: 215663 FIRST WORD: Enterprise | |
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