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Bureau/Putnam Area Enterprise Zone
North Central Council administers the Bureau/Putnam Area Enterprise Zone
located in Bureau and Putnam Counties. Covering pats of the communities
of Princeton, Hennepin, Ladd, Mark, Spring Valley, and parts of Bureau and
Putnam Counties and Some surrounding areas, the enterprise zone targets
growing industries by providing assistance along with state and local incentives.
The district is expandable to include growing companies wishing to participate
in this successful incentive program.
For more information E-mail Zone Administrator at
bpez@ncicg.org
| Targeted Financial Assistance:
The State of Illinois offers a variety of loan financing with competitive
interest rates (as low as 3%) to qualifying firms |
| Site Selection:
We can assist you in quickly identifying sites most suited to your needs.
Depending on your project, the enterprise zone can be expanded to
include a site if it is not within the current boundaries. |
| Employee Selection and Training:
Through our superb local training assistance agency and our area community
college, we can assist your firm in selecting and training employees at
a substantially reduced cost to your firm. |
| Small Business Assistance:
The Small Business Development Center at the local community college offers
a wealth of information and technical assistance to small and medium sized
firms. The Center has established a wide network of information to
help you with your needs. |
| Local and State Incentives |
In addition
to the above assistance, the zone itself offers a wide array of local and
state incentives including a near 100 percent, 10 year property tax abatement
on industrial/commercial real property improvements, a 6 to 6 1/4% local
and state sales tax deduction on locally purchased building materials,
a "zone project only" 0.5 % investment tax credit on qualified property/equipment
investments, and a $500 job tax credit for "economically disadvantaged"
new hires (minimum 5 hires).
The Bureau/Putnam
Area Enterprise Zone is strategically located to serve the nation's market
and is at the heart of the nation's transportation network including:
| Interstate 80 |
The major U.S. east-west interstate transportation route |
| The Illinois River |
An important link in the Chicago to New Orleans river transportation
network |
| Interstate 180 |
Links Interstate 80 to 4,500 acres of one of the top industrial sites
in the nation |
| Interstate 39 |
Recently completed in 1992, it offers a major north-south route from
Rockford to Bloomington |
| Interstate 55 |
(Within 50 miles of the zone) The major U.S. north-south interstate
transportation route |
| Airports |
Three regional and many local airport facilities |
| Railroads |
Major U.S. market rail services including Chicago and North Western
Transportation, CSX Transportation, Burlington Northern, and Amtrak |
| Major Markets |
Located within 1 1/2 hours of Chicago, the Quad Cities, Rockford, and
Peoria markets; within 5 hours of the St. Louis area market |
| View the Enterprise Zone Brochure
on your Computer |
The Bureau/Putnam Enterprise Zone
Brochure is now available to view, save, and
print from this site using Adobe Acrobat Reader software (a .pdf viewer).
The brochure, from which the information on this page is taken, can be
viewed in a grayscale version of the original color brochure. In order
to view this brochure, you will need Adobe Acrobat Reader. This software is distributed free of charge,
is compatible with any computer system, and is available at the
following link:
Click
here
to get Adobe Acrobat Reader
B/P Enterprise Zone Brochure
- (377 KB)
Contact the
Bureau/Putnam Enterprise Zone Administrator at (815)875-3396, by email at
bpez@ncicg.org or by mail at: 110 N. Main St., Princeton, IL 61356. |
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