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Enhanced Enterprise Zone PDF Print E-mail

The City of Republic, in partnership with Greene County has established the goal of creating jobs as a priority. To make our community more attractive to creating jobs, we have established an Enhance Enterprise Zone which offers the incentives of local real property tax abatement and state tax credits to new and expanding businesses that qualify.

Businesses must be located within the Enhanced Enterprise Zone boundaries (22,790 acres) in order to receive both local property tax abatement and state tax credits.

   

 

 

 

 




Prime Development Property Available

State Tax Credits

  • Minimum Requirements – 2 new full-time jobs and $100,000 investment

Property Tax Abatement – 50% for 10 years

  • Minimum Requirements – Any qualifying business enterprise creating and maintaining 15 or more jobs with an average of 35 hours per week or more per job

Qualifying Businesses:

  • Manufacturing
  • Warehousing/Distribution and Supply Chain
  • Wholesale Trade
  • Professional Services
  • Processing Wholesale Material for Wholesale Trade

Excluded Businesses: retail, eating/drinking establishments and gaming operations.