BUSINESS INCENTIVES IN
JASPER COUNTY

JEDI administers many useful economic incentives and programs, in order to support new and existing businesses, and our community. If you have a business here in Jasper County, or you are thinking of starting one, JEDI is here to help you.

 

CITY OF NEWTON TIF DISTRICT

The City of Newton has an established TIF District. All businesses within these districts generate tax revenues that goes to the TIF fund, which may be used for costs associated with the development or redevelopment of property within the TIF, relocation, job training, and more. Our TIF District helps support our existing businesses and helps establish new ones, and generally creates a healthy climate for industry and commerce to flourish in Jasper County. 

Please get in touch or download an application below if you have a current or prospective business in the City of Newton TIF District!

 
 
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CITY OF NEWTON OPPORTUNITY ZONE

Created as part of the Tax Cuts and Jobs Acts of 2017, Opportunity Zones provide an incentive for investors to invest in Opportunity Zones for a temporary tax deferral. Opportunity Zones are areas in Illinois that need investment to help create jobs and investment in areas that need it most. Opportunity Zones were created in 2018 through an analysis that included poverty rates, unemployment rates, total number of children in poverty, violent crime rate and population.

More detailed information on Opportunity Zones can be found through the US Department of Treasury’s Community Development Financial Institutions Fund.

 
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JASPER COUNTY ENTERPRISE ZONE

 

Businesses operating in the Jasper County Enterprise Zone are eligible for several exemptions to encourage their economic growth. Become a part of the Jasper County Enterprise Zone to take advantage of the following:

  • Exemptions on occupation tax on building materials.

  • Exemptions on state sales tax of personal property used in the manufacturing process.

  • Exemptions the state utility tax for electricity and natural gas. 

  • Exemptions on the Illinois Commerce Commission’s administrative charge and telecommunications. excise tax.

 
 
 
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For more information on the TIF District or the Enterprise Zone, and to discuss your business’s eligibility for these and other programs, please contact Brian Muska at jaspercountyjedi@gmail.com

 
 

Additional Information: