August 07, 2012
This issue brief examines how enterprise zones currently operate in Illinois. Enterprise zones are geographic areas designed by state and/or local governments to stimulate economic growth and create or retain jobs in economically depressed areas. The purpose of this issue brief is to describe:
• Recent efforts to reform the administration and implementation of enterprise zones in Illinois;
• The types of tax incentives offered in Illinois;
• The number and county location of Illinois enterprise zones; and
• Illinois enterprise zone fiscal and economic performance.
The report also includes a short review of the policy literature on enterprise zones and an overview of enterprise zone operations in five selected states.