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Development
In September of 1987 the City of Sterling
initiated an application for enterprise zone certification
with the Department of Commerce and Community Affairs. In
the mean time the Cities of Rock Falls, Morrison and
Whiteside County decided it would be a good idea to
participate and be included. On March 30, 1988 the Whiteside
County Enterprise Zone received certification designating
the Cities of Morrison, Rock Falls, Sterling and rural areas
in Whiteside County as an enterprise zone for 20 years. In
1990 designated areas of Prophetstown, Fulton and Lyndon
were added and in 1991 parts of Carroll County including
areas in Savanna and Thomson were added to the zone. At the
present time the Whiteside/Carroll Enterprise Zone consists
of areas in the eight communities of Sterling, Rock Falls,
Morrison, Fulton, Lyndon, Prophetstown, Savanna, Thomson and
the rural areas of Whiteside and Carroll Counties. |
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State Incentives
 | Investment tax credits of 0.5% on
machinery, equipment, and existing buildings. |
| Sales tax exemption 5% for construction
materials purchased from a qualified retailer within the
Enterprise Zone. |
| A 5% sales tax exemption on machinery
used or consumed in operation of pollution control
facilities to qualifying companies. |
| A $500 state income tax credit for each
job created (minimum of 5 jobs) for which a certified
dislocated worker is hired. |
| Qualifying companies locating inside
the zone can be eligible for an exemption of state utility
tax (5%) and the 0.10% administrative fee. |
| State income tax deductions including
dividend, income, interest, and contribution deductions.
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| All state of Illinois
business-financing programs are available to companies
locating, expanding, or retaining jobs in the Enterprise
Zone. |
Local Incentives
| Property tax abatement through 2018
with percentages determined by the location of the
project. (projects
located in a TIFF District are not eligible for
property tax abatement). |
| Local sales tax exemption of 1.25% for
building materials purchased from qualified retailer
located with the eligible areas listed above. |
State and local business financing assistance
programs and employee training are also available.
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