News and Articles

MED in the News

The following are some local news articles about projects Moran Economic Development had involvement in recently:

Shiloh Green Mount Crossing Business District Establishment

"The Village Board of Trustees voted unanimously Monday night to contribute some village funds to reimburse and aid Green Mount Crossing LLC (GMC LLC) business district, representing the businesses at Green Mount Crossing shopping center at the corner of Frank Scott Parkway and Green Mount Road in Shiloh, for the mine subsidence remediation that is "badly needed," Vernier said." - Belleville News-Democrat

Hartford (Chemetco) Route 3 TIF District Establishment

"It's going to take a village to develop the area around the former Chemetco site, offering potential investors and residents a better perspective and no longer dragging down the community....The primary focus of the TIF would be to extend utilities to the area in an effort to entice development." - The Telegraph

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Illinois Enterprise Zone Program Changes

The State of Illinois recently overhauled the Illinois Enterprise Zone program, resulting in openings for new municipalities and counties to obtain Enterprise Zone designations.

Enterprise Zones encourage job growth and investment in economically depressed areas. Companies within a Zone or that agree to move into one, can qualify for tax incentives that include sales tax exemptions on purchases of building materials and manufacturing equipment and an exemption for utility taxes. Each zone is administered by a local official under rules set by the state. State law gives the new Zones a 15-year term, with a review by the board after 13 years for a possible 10-year extension.

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