Enterprise Zones

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Enterprise Zones

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Prairie Stone Business Park & 59-90 Entertainment District Enterprise Zone

The Prairie Stone Business Park and 59-90 Entertainment District is designated as an enterprise zone with the State of Illinois through December 31, 2020.  The enterprise zone is home to several corporate headquarters and entertainment venues.  In addition to various State incentives, businesses that are looking to construct in the zone are exempt from state and local sales taxes for construction materials purchased for development.  Existing businesses that meet certain criteria may also qualify for an exemption for state sales taxes on gas and electricity and an exemption from the ICC 0.1% fee on utility bills. 

 Prairie Stone- EZ Existing 


Proposed Enterprise Zones

On December 31, 2015 the Village applied to the State of Illinois for designation of two areas as Enterprise Zones in the Village of Hoffman Estates.  Designation would entitle current and future businesses in the zone to a number of economic incentives. 

The Village of Hoffman Estates held a public hearing on December 2, 2015, at 10:00 a.m. at the Sears Centre Arena, located at 5333 Prairie Stone Parkway in Hoffman Estates, on the topics of 1) whether the Village of Hoffman Estates Enterprise Zone should be created pursuant to the Illinois Enterprise Zone Act, 20 ILCS 655/1 et. Seq., if awarded by the State of Illinois in 2016; 2) local plans, incentives and other programs to be established in connection with the enterprise zone; and 3) the boundaries of the enterprise zone.

The Village of Hoffman Estates held a public hearing on December 4, 2015, at 10:00 a.m. at the FANUC America Headquarters, located at 1800 Lakewood Blvd. in Hoffman Estates, on the topics of 1) whether the Village of Hoffman Estates Enterprise Zone should be created pursuant to the Illinois Enterprise Zone Act, 20 ILCS 655/1 et. Seq., if awarded by the State of Illinois in 2016; 2) local plans, incentives and other programs to be established in connection with the enterprise zone; and 3) the boundaries of the enterprise zone.

All interested citizens were invited to attend, especially those persons owning property or residing in the subject territories.  The full applications can be found below:

Prairie Stone Business Park & 59-90 Entertainment District Enterprise Zone Application 2015

AT&T/Huntington 90 Enterprise Zone Application 2015

EXPANDED Prairie Stone Business Park & 59-90 Entertainment District Enterprise Zone

Prairie Stone- EZ Proposed

Huntington 90 Enterprise Zone

H90 -EZ (11x17) Final Outline