Coles Together logo

MATTOON -- An economic development tool will remain in place in Coles County with state approval of the county's new enterprise zone designation.

An enterprise zone has been in place in the county for 29 years but the program needed to be renewed and there are some changes to the incentives it offers, according to officials.

The new zone designation goes into place at the first of next year. For the first time, retail, commercial and service businesses will be eligible for enterprise zone incentives. Previously, only industrial businesses qualified.

Lake Land reports 9.5 percent increase in new students

In a news release, Angela Griffin, president of Coles Together, the county's economic development organization, said the change "will provide support for a sector that is important to the local community and adds stability to our economic base."

Griffin also said the program "stimulates a net gain in property tax revenue" and leads to job and income growth.

Coles Together administers the enterprise zone program in the county. The news release said the renewal means the organization "will be able to assist business location and expansion projects with tax incentives designed to stimulate economic growth, job creation and revitalization in depressed areas."

You have free articles remaining.

Become a Member

Keep reading for FREE!
Enjoy more articles by signing up or logging in. No credit card required.
McClerren donates sculpture items to Charleston Lincoln-Douglas Debate Museum

The enterprise zone allows for 10 years of property tax abatements on new or renovated construction projects at businesses located with the zone's territory, along with other incentives.

The enterprise zone covers a total of 15 square miles across the county, mostly in the cities of Charleston, Mattoon and Oakland and along Illinois Route 16.

Since the program was first put in place in the county, 178 projects have taken place in the enterprise zone, the news release said.

Attorney plans to continue challenging cellphone seizure by Mattoon police

It said that resulted in $497 million in private investment and the creation of 2,603 jobs and the retention of 12,262 positions.

The new designation will be in place for 15 years, with a review after 13 years for a possible extension, according to information from the Illinois Department of Commerce and Economic Opportunity.

Subscribe to Daily Headlines

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.


Dave Fopay is a reporter for the JG-TC who covers Coles County, the local court system, Charleston schools and more.

Subscribe to the JG-TC

Reporting like this is brought to you by a staff of experienced local journalists committed to telling the stories of your community.
Support from subscribers is vital to continue our mission.

Become a subscriber

Thank you for subscribing

Your contribution makes local journalism possible.

Load comments