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First National Bank
in Olney

Illini Wire Works, Inc.

TrustBank

First Financial Bank

City of Olney, IL

A.M. Transport

East Richland Community Unit School District No. 1

 

 

Local Incentives/Highlights
 
• Olney is an IL Enterprise Zone and Ameren InSite Community
• Property tax abatement & sales tax exemption benefits apply to all industrial sites
• Savings on import taxes available through Foreign Trade Zone #146
• On/off site workforce training available through local college and state
• Buildings available and competitive
• Three public loan programs and four local banks offer attractive financing
• Free cost/incentive proposals (site, building, financing, incentives)
• Rail served sites - Intermodal TIF District in place


Property Tax 2006 Payable In 2007
Olney Corp.:
1.4956
Twp:
.4751
County:
.9557
School:
4.5197
Other:
.2628
*Total:
7.7089

Illinois Tax Highlights
• Manufacturing machinery and replacement parts exempt.
•
Certified pollution controls exempt.
•
Personal property (including machinery, inventories and intangibles) exempt.

Department of Commerce & Economic Opportunity


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© Richland County Development Corporation
503 East Main Street
Olney, Illinois 62450
Phone:618-392-2305
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