UNLOCK GROWTH OPPORTUNITIES
The Coles County Enterprise Zone is designed to fuel economic development and make it easier for businesses to invest, grow, and thrive. By offering a range of valuable incentives, this program provides a unique opportunity for both new and existing businesses to reduce costs, create jobs, and improve infrastructure. Whether you're planning a major expansion or starting fresh in Coles County, the Enterprise Zone can give your business a competitive edge.
JOB CREATION
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Hiring Incentives: Earn tax credits for hiring local residents, especially from underserved communities, helping to develop the workforce while reducing your tax liability.
INFRASTRUCTURE IMPROVEMENTS
TAX INCENTIVES
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Sales Tax Exemptions: Save on upfront costs with exemptions on the purchase of building materials and equipment.
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Property Tax Abatement: Eligible businesses can reduce their property taxes, lowering the cost of operations.
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Income Tax Credits: Qualify for investment tax credits based on eligible expenditures, boosting cash flow and supporting growth.
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Grants and Low-Interest Loans: Access funding for critical infrastructure projects, including road upgrades and utility improvements, to enhance your business operations.
APPLICATION PROCESS
ThGetting started with the Enterprise Zone program is simple, and Coles Together is dedicated to guiding you through every step of the process. From determining your eligibility to helping you prepare the necessary documentation, our team offers personalized support to ensure your application is smooth and successful. We’ll assist you in navigating the tax incentives, job creation benefits, and infrastructure improvements available, while also providing expert advice on maximizing the program’s potential for your business
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ELIGIBLITY ASSESSMENT
Review the Enterprise Zone map to confirm that your business location qualifies for the program.
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SUBMIT APPLICATION
Complete the Enterprise Zone application form available through Coles Together. Make sure to include all necessary documentation to avoid delays.
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APPROVAL NOTIFICATION
Upon approval, you'll receive a notification detailing the specific benefits granted and any conditions that apply.
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REPORTING REQUIRMENTS
Submit periodic reports to maintain compliance and showcase the impact of the incentives on your business.
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PREPARE DOCUMENTATION
Gather your business plan, financial statements, and project descriptions to ensure a smooth application process.
04.
REVIEW PROCESS
The Enterprise Zone board will review your application, evaluating eligibility and alignment with community development goals. You may be asked to provide additional information during this stage.
06.
IMPLEMENTATION
Begin your project while adhering to the terms outlined in the Enterprise Zone agreement. Keep thorough records of your expenses and job creation for reporting.
GET STARTED TODAY
Ready to take advantage of the Coles County Enterprise Zone? Contact Coles Together to learn more and start the application process. Our team is here to assist you at every step, ensuring you get the most out of the program. Reach out via our website or by phone for more information and support in unlocking these valuable business opportunities.