Enterprise Zone Expansion Opens Up New Opportunities for Development in Edwardsville
EDWARDSVILLE – A key business corridor in and around downtown Edwardsville is now eligible for additional state and local incentives for new and existing development projects. The new incentives have been made possible by a Gateway Enterprise Zone expansion that was initiated last year by City officials and approved in December by the Illinois Department of Commerce and Economic Opportunity. The newly eligible area fans out along Main Street, stretching to the northern edge of Edwardsville and to Schwarz Street on the south end of Main. It also includes a swath of Buchanan Street and other nearby areas. “This is an exciting opportunity to help build and develop areas in Edwardsville that have so much to offer in terms of location and accessibility,” Mayor Art Risavy said. Among the incentives available in the enterprise zone are: A sales tax exemption on building materials for improvements or renovations of qualifying projects. A property tax abatement for varying
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