The job of the Industrial Commission is to maintain contact with existing industry within the city to insure industrial needs are met and problems addressed. It also seeks to develop and bring in new industry to locate in the city’s industrial park, located on the southeast edge of Flora.
The Industrial Commission has expanded its job to include the mission of increasing Flora’s housing market to meet the need of its industries and citizens.
One activity of the Industrial Commission is the administration of the USDA Intermediary Relending Program (IRP). This program is established to provide financial assistance to new or expanding businesses and community development projects in Flora and to secure public benefit for the residents of Flora by developing a stronger economic base and expanding job opportunities. "This institution is an equal opportunity provider and employer.
Another economic tool used by the City of Flora is the “Tax Increment Financing” or TIF. TIF funds originate from the tax money generated from an improvement or development greater than the tax generated by the site before the improvement or development. This tax increment money is then allocated to the City for its use in making street, water and sewer improvement
The Flora/Clay County Enterprise Zone offers various real property tax abatements on permanent remodeling, rehabilitation or new construction for residential, commercial and industrial building for those areas within the enterprise zone and not located in the TIF district. This abatement expires on July 1, 2017. Also each retailer in Illinois who makes a sale of building materials to be permanently affixed and incorporated into real estate located within the boundary of the Flora/Clay County Enterprise Zone may deduct tax receipts from retail sales. A “Certificate of Eligibility” may be obtained from the State website: www.tax.illinois.gov
The Flora Industrial Commission and Economic Director can be reached at 618-662-7111 or 618-662-8313, Monday – Friday, 8:00 AM – 4:30 PM. The Economic Director is Dan Sulsberger.
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