Economic Development

The primary goal/objective of the Economic Development division is to formulate and implement programs to increase job opportunities for residents, expand the City's tax base and increase the level of economic activity. The division is also involved with revitalizing the City's riverfront and downtown areas. 


Regional Development

Working with our regional partner, the Greater Peoria Economic Development Council, meetings occur regularly with local businesses as well as site selectors seeking new locations for their clients. This division also manages the East Peoria portion of the Northern Tazewell Enterprise Zone as well as the City's Revolving Loan Fund (RLF) - a low interest, short-term loan for businesses.

  1. Enterprise Zone
  2. Development Areas
  3. Looking for a Location?

Important Information for Enterprise Zone Participants

The City of East Peoria is a member of the Northern Tazewell Enterprise Zone.  Below is an application and associated materials including a map. Benefits of this zone include 100% property tax abatement on improvements upon project completion for five years and sales tax abatement on materials purchased in the State of Illinois, along with half-price building permits.  

Contact

For more information, call 309-698-4750 or email Ty Livingston

Application & Associated Materials

Notice to Report

Participants, please don't forget to send in your annual report to the Illinois Department of Revenue.