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The River Edge Redevelopment Zone Program (RERZ) helps revive and redevelop environmentally challenged properties adjacent to rivers in Illinois. The River Edge Redevelopment Zone Act authorizes the Illinois Department of Commerce to designate zones in five cities: Aurora, East St. Louis, Elgin, Peoria and Rockford.
Bill Title: Reinserts the provisions of the introduced bill with the following changes: Provides that the Department of Commerce and Economic Opportunity may also certify two additional pilot River Edge Redevelopment Zones in the City of Kankakee and the City of Lockport. Makes conforming changes.
No Enterprise Zone (EZ), High Impact Business (HIB) or River Edge Redevelopment Zone (RERZ) construction jobs credits have been awarded for this reporting period. The Illinois Enterprise Zone program offers numerous state incentives to encourage companies to locate or expand in Enterprise Zones. Currently, the following incentives are available:
23 mar 2017 · The River Edge Redevelopment Zone Program (RERZ) helps revive and redevelop environmentally challenged properties adjacent to rivers in Illinois. The River Edge Redevelopment Zone Act authorizes the Illinois Department of Commerce to designate zones in five cities: Aurora, East St. Louis, Elgin, Peoria and Rockford.
13 lis 2024 · QUINCY — The Quincy City Council approved an ordinance to create and establish boundaries for a River Edge Redevelopment Zone (RERZ) at their meeting Tuesday night, moving riverfront properties one step closer to restoration.
26 cze 2024 · The bill also expands River’s Edge Redevelopment Zones to seven new downstate communities, which will enable them to leverage new incentives to attract investments, create jobs and invest in their communities. The bill adds zones in Moline, East Moline, Ottawa, LaSalle, Peru, Rock Island and Quincy.
and River Edge Redevelopment Zone Programs . ANNUAL REPORT 2022 . ... The Illinois Enterprise Zone Act, 20 ILCS 655/1, et seq. (the "Act"), was signed into law December 7, 1982. The purpose of the Act is to stimulate economic growth and neighborhood revitalization ... As detailed on pages 6 - 11 of the Illinois Department of Revenue (IDOR ...
