Whether your business is large or small or somewhere in between, Edwardsville can offer a powerful package of incentives that makes locating here one of the best business decisions you’ll ever make. Edwardsville’s approach to economic development is project-specific, focusing on your unique business to tailor incentives to ensure your investment will continue pay positive returns for your business and the communities that support it long into the future.
Edwardsville has partnered with Madison County and a neighboring community to create the Gateway Enterprise Zone, which offers attractive benefits to new businesses including:
- Investment tax credits
- Sales tax deductions
- Utility tax exemptions
- Property tax abatements
- Jobs tax credits
The Gateway Commerce Center – a 2,300-acre premier distribution center – shines like a jewel in the Enterprise Zone. The center lies just east of America’s Central Port and is part of the port’s Foreign- Trade Zone (FTZ). With the combined benefits of a location within both an Enterprise Zone and a FTZ, Gateway Commerce Center is an especially attractive option for businesses that engage in foreign trade.
Incentives are also available from the state for small- to mid-sized businesses locating in Edwardsville. These include the Participation Loan Program (PLP) and the Enterprise Zone Participation Program (EZ/PLP), both of which can offer below-market financing to businesses locating or expanding their operations here.
Large-scale businesses interested in locating in other areas of Edwardsville may be eligible for incentives similar to those within an enterprise zone through the state’s High Impact Business Program.
Edwardsville has worked on the local level to establish several Tax Increment Financing Districts (TIFs) that divert future property tax revenue increases from a defined area or district toward an economic development project or public improvement project in the community, making this city a great place to work and live.
With such a competitive package of incentives for your business, your next best business decision is locating in Edwardsville. Still undecided? Click on the links for more information.