Lincoln-395 Enterprise Zone

The Lincoln-394 Enterprise Zone stimulates economic growth and neighborhood revitalization in several South Suburban suburbs, including Beecher, Chicago Heights, Crete, Ford Heights, Glenwood, Olympia Fields, Sauk Village, South Chicago Heights, Steger, unincorporated Cook County, and unincorporated Will County.

Reducing government regulation and taxation through state and local tax incentives, regulatory relief, and improved governmental services in economically depressed areas boosts local business enterprise and investment. Commercial, industrial, and residential developments with twelve units or more under one ownership qualify.

The core benefits of enterprise zones are:
>> Sales tax abatement on building materials for project owners in the zone with a valid Illinois Department of Revenue (IDOR) building materials sales tax exemption certificate

>>50% abatement of the municipal portion of real estate taxes on the added tax value the project creates for five years (Projects in a TIF or receiving other property tax abatements are not eligible for this benefit);

>>50% discount on local building permit fees (All other fees and inspection procedures follow local ordinances).