Tax Incentives

Enterprize Zones
The Illinois Enterprise Zone Program is designed to stimulate economic growth and neighborhood revitalization in economically depressed areas of the state. This is accomplished through state and local tax incentives, regulatory relief, and improved governmental services.

HUBZones
The Historically Underutilized Business Zone (HUBZone) program encourages small businesses to locate in and hire from the nation's most blighted communities.

Small firms participating in the program can receive competitive advantages in winning federal contracts. Three percent of all federal contracting dollars should be awarded to HUBZone firms annually.  HUBZone Map

Tax Increment Financing (TIF)
TIF is short for Tax Increment Financing. The concept behind TIF's is to allow a political entity to capture a share of new taxes generated by a new development to fund cost which the public will incur or to financially assist the developer for a project in an area which the political entity is promoting development. TIF encourages development of blighted, substandard and economically underutilized areas that would not be developed without public assistance.

Trade Adjustment Assistance for Firms (TAA)
Trade Adjustment Assistance for Firms (TAA), a federal program, provides financial assistance to manufacturers affected by import competition. Sponsored by the U.S. Department of Commerce, this cost sharing federal assistance program pays for half the cost of consultants or industry-specific experts for projects that improve a manufacturer's competitiveness.