Economic Development
The Village of South Chicago Heights is committed to partnering with businesses to foster growth by promoting continued development and supporting local businesses and industry. The Village has active TIF districts and lies within the Lincoln & 394 Enterprise Zone. These programs have resulted in the reoccupation of retail and industrial space, the expansion of existing businesses, and recruitment of new businesses. Active and ongoing development is providing new employment opportunities, expanded housing options, and an increasing tax base.
In South Chicago Heights, we understand the value of working together, as a community, to build avenues of opportunity, support local business, foster new development, and strengthen partnerships. Join our community - grow or expand your business in South Chicago Heights where our small community will support your growth through regional connections and networks.
The Lincoln-394 Enterprise Zone
Established in 2017, the Lincoln-394 Enterprise Zone is designed to stimulate economic growth and neighborhood revitalization in key opportunity areas in Beecher, Chicago Heights, Crete, Ford Heights, Glenwood, Olympia Fields, Sauk Village, South Chicago Heights, Steger, unincorporated Cook County, and unincorporated Will County.
The concept underlying enterprise zones is that by reducing government regulation and taxation in economically depressed areas will stimulate local business enterprise and investment that would otherwise not occur. This is accomplished through state and local tax incentives, regulatory relief, and improved governmental services.
Benefits of Enterprise Zone
- Building Materials State Sales Tax Exemption (6.25% + Local Sales Tax)
- Building Permit Fee Waiver
- Investment Tax Credit (.50%)
- Manufacturing Machinery & Equipment Sales Tax Exemption (6.25%)
- Commercial & Industrial Property Tax Abatement Incentive
- Utility Tax Deduction (5.10%)
- RG-61 Gas Use Tax