Incentives

Local Incentives

Carroll County provides economic incentives which create new job opportunities and decrease unemployment, resulting in a better quality of life for its citizens. Property tax abatement on improvements are available in the enterprise zone. For more information, please click here, then click the Economic Development page.

The rolling hills of Jo Daviess County not only offer a great lifestyle adventure, but also many business opportunities. For more information and incentives for Jo Daviess County, please click here, then click the Applications & Forms page.

Whiteside County offers property tax abatement on improvements in the enterprise zone as well as sales tax exemption from retailers with an Enterprise Zone Sale Tax Certificate. For more information, please click here.

Tax Increment Finance (TIF) Districts

The following communities have established TIF districts: Jo Daviess County - East Dubuque, Elizabeth, Stockton; Carroll County - Lanark, Milledgeville, Mt Carroll, Savanna; Whiteside County - Fulton

HUBZone (all of Carroll County) A SBA (Small Business Association) program for small companies that operate and employ people in Historically Underutilized Business Zones (HUBZone). The designation is advantageous for companies seeking governmental contracts. The Savanna Army Depot qualifies separately as a HUBZone, due to the Defense Base Closure and Realignment (BRAC).

The following communities have established TIF districts:
Jo Daviess County - East Dubuque, Elizabeth, Galena, Stockton
Carroll County - Lanark, Milledgeville, Mt Carroll, Savanna
Whiteside County - Fulton

Enterprise Zone

An enterprise zone is a specific area designated by the State of Illinois in cooperation with a local government to receive various tax incentives and other benefits to stimulate economic activity and neighborhood revitalization.

All Enterprise Zone projects must be certified by the zone administrator prior to start of construction. Building permits are required; there is an application fee.

Jo Daviess and Carroll Counties
Lisa McCarthy
Executive Director
(815) 858-4491
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Web: http://www.co.stephenson.il.us/assessor/E-Zone-Maps.asp

City of Freeport/Stephenson County
Dave Young
Executive Director
(815) 233-1356
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Web: http://www.co.stephenson.il.us/assessor/E-Zone-Maps.asp

Jo-Carroll Enterprise Zone
Gary A. Camarano
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Web: http://www.whiteside.org/departments/economic-development.html

The following entities have established Enterprise Zone districts: Carroll County, Jo Daviess County, Savanna, Thomson, Mt. Carroll, Milledgeville, Fulton, Hanover, East Dubuque, Savanna Depot Park

Savanna Depot Park

The Jo-Carroll Depot Local Redevelopment Authority (LRA) shall be the community's point of contact during the reuse/redevelopment process. As we seek economic development at the depot, the LRA shall manage, market and promote early and long-term job creation and land utilization. Our long term goal is to provide economic growth, quality employment and improve property values in consideration of the surrounding environment for Carroll and Jo Daviess counties in Northwestern Illinois.

Incentives available at the Savanna Depot Park include the following:
Jo-Carroll Enterprise Zone - Incentives include: Investment Tax Credit; Sales Tax Deduction- EZ Machinery and Equipment Sales Tax Emption for qualifying business; Utility Tax Exemption- Jobs Tax Credit; Property Tax Abatement- Dividend Deduction.

Foreign Trade Zone #271 - Located at Savanna Depot Park (2,950 acres of land and buildings) Operated by Illinois International Trade Centers - http://jo-carrollftz271.com

Foreign Trade Zones (FTZs) were created in the United States to provide special customs procedures to U.S. plants engaged in international trade-related activities. Duty-free treatment is accorded items that are processed in FTZs and then re-exported, and duty payment is deferred on items until they are brought out of the FTZ for sale in the U.S. market. This helps to offset customs advantages available to overseas producers who compete with domestic industry.

Goods entering FTZs are not subject to customs tariffs until the goods leave the zone and are formally entered into U.S. Customs Territory. Merchandise that is shipped to foreign countries from FTZs is exempt from duty payments. This provision is especially useful to firms that import components in order to manufacture finished products for export.

HUBZone (all of Carroll County)

A SBA (Small Business Association) program for small companies that operate and employ people in Historically Underutilized Business Zones (HUBZone). The designation is advantageous for companies seeking governmental contracts.  The Savanna Army Depot qualifies separately as a HUBZone, due to BRAC.

Upper Mississippi River International Port District (Jo Daviess and Carroll Counties)

The Upper Mississippi River International Port District is a municipal corporation established as a political sub-divsiion by and of the Legislature of the State of Illinois (SB174). It's purpose is to promote and enhance commerce and economic development. The Port District has the authority to issue tax free bonds for long term fixed rate financing as an attractive incentive for new or existing businesses to relocate or expand within the Port District Authority of Jo Daviess and Carroll Counties.