The City of Effingham was awarded a new Enterprise Zone on January 1, 2018. The Effingham Enterprise Zone has an initial life of 15 years, with the possibility of a 10 year extension. The original Enterprise Zone was in effect from 1988 to 2017 and resulted in over 475 projects, $700 million in investment, 4,000 new jobs and 2,500 jobs retained. Effingham's Enterprise Zone offers the following incentives:
- Property Tax Abatement - 100% abatement on the increase to the base amount. (3 years for commercial projects and seven years for industrial projects). Property located in one of Effingham's TIF Districts does not qualify for the property tax abatement.
- Sales Tax Exemption on Building Materials - Full exemption (6.5%) on building materials incorporated into real property.
- Building Permit Fees Waived - All building, electrical, and plumbing fees are waived for Enterprise Zone projects.
- Machinery and Equipment Sales Tax Exemption, Pollution Control Equipment Sales Tax Exemption, and Utility Tax Exemption - These are state incentives structured for large projects of $5 million and 200 jobs created or $40 million and 2,000 jobs retained.
For more information on the Effingham Enterprise Zone, contact Sasha Althoff, Economic Development Specialist at (217) 342-5300.