The Economic Development division formulates and implements programs to increase job opportunities, expand the City’s tax base and increase economic activity. The division is also involved with revitalizing the City’s riverfront and downtown areas.
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.
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.
For more information, call 309-698-4750 or send an email to Ty Livingston.
Application & Associated Materials
- Enterprise Zone Map (PDF)
- Enterprise Zone Incentives and Benefits (PDF)
- Enterprise Zone Application (PDF)
- Enterprise Zone Application (Fillable PDF)
Notice to Report
Property owners and businesses participating in the Enterprise Zone, please don't forget to send in your annual report to the Illinois Department of Revenue. Click on the link below to learn more.
Each area represents a unique section of the City which contains a number of properties poised for development. Please call the Department of Planning and Community Development at 309-698-4750 if you would like additional information on any of these areas.
Overlay District and Restrictive Covenants - Levee District
Overlay District & Restrictive Covenants - Four Corners
- Eastgate Village Commercial Development (PDF)
- Pinecrest Commercial Development (PDF)
- Sunnyland Corridor Plan (PDF)
- Sunnyland Corridor Development -Illinois Route 8 (PDF)
City-Owned Commercial Properties
East Peoria's available buildings and sites are posted on the LOIS (Location Information One System) website. The links will take you directly to the LOIS site which provides detailed information about each property:
MarketProfile (PDF) features area demographics based on central East Peoria location. Check available sites/buildings links for site specific profiles.
The City recommends that interested parties contact the broker/developers that represent these sites. This inventory is intended to be as inclusive as possible and the information is updated regularly. However, it is acknowledged that the information included may leave out some very attractive East Peoria properties.
If you represent a property of more than 5,000 square feet or five acres in East Peoria that you would like to include in this inventory please call the Economic Development Council for Central Illinois at 309-495-5953. Properties with less square footage or less than five acres should call the Department of Planning and Community Development at 309-698-4750.