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Committee recommends adding Lebanon territory to Mid America Enterprise Zone
Summary
The committee recommended an ordinance to amend boundaries of the Mid America Enterprise Zone to include additional territory in the city of Lebanon; staff said the change must be executed by each municipality in the county and final approval comes from state economic-development authorities.
The Community Development Committee recommended approval of an ordinance to add territory in the city of Lebanon to the Saint Clair County Mid America Enterprise Zone.
City staff explained that enterprise zones provide tax incentives and exemptions intended to stimulate economic growth; qualifying projects may receive exemptions for state, county and city sales tax on building materials incorporated into real estate located in…
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