All incentives can be tailored to match your business needs.
Foreign Trade Zones
Foreign Trade Zones (FTZs) are designated sites where special customs procedures apply. Foreign trade zones in the United States are comparable to so-called free trade zones in many countries, though procedures vary widely from country to country. Foreign goods may be admitted to an FTZ without being subject to customs duties and certain excise taxes.
There are multiple Tax Increment Finance Districts (TIFs) in Decatur and Macon County. TIFs provide a means in which communities can financially assist in the development or redevelopment of an area which qualifies for state TIF criteria. Tax increment is the difference in the tax revenue generated before the property is developed or redeveloped and the tax revenue generated after the improvements have been made.
A variety of state and local incentives are available in the Decatur Macon County Enterprise Zone including local property tax abatement for eligible projects. Designated Enterprise Zone Projects are also eligible for incentives from the state that are customized to meet the unique needs of the business, including tax credits related to employment activity. The Decatur Macon County Enterprise Zone encompasses significant portions of the region’s industrial and business locations.