VISIT OUR PARTNERS

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

Olney Central College

   
 

 

 

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

Olney TIF Boundary


Download this map in printable pdf format. (This is a large file - 3.1 mb)

 

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

 



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