STREATOR – A special tax zone created to spur business has been designated in Streator. Governor Bruce Rauner and Mayor Jimmie Lansford announced that an ‘Opportunity Zone’ could bring new businesses to the city.
It would be an area stretching from Otter Creek Street to Vermillion Street, and from Broadway Street to 12th Street.
The program was part of the Federal Tax Cuts & Jobs Act of 2017, and would give investors the ability to defer gains of the investment potentially through the year 2026.
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