Skip to content
Chancellor's Blog

Chancellor's Blog

Chancellor Austin Lane

Menu
  • Chancellor Home
  • SIU.edu
Menu

Opportunity zone to support local economic development

Posted on June 14, 2018January 28, 2019 by Carlo Montemagno

Research Park on the SIU Campus

SIU remains attuned to ways we can support our regional and local economies. Being part of a newly designated “opportunity zone” will give us one more avenue to have a positive impact.

The new opportunity zone program is based on the Federal Tax Cuts and Jobs Act of 2017. The act allows individuals and organizations to receive tax benefits for making a long-term investment in job creation in designated “zones.”

Governor Rauner recently announced more than 325 zones across Illinois, and much of SIU, including the Research Park, is located within one of them. This designation will allow us to work with local businesses to attract and support investors to our area.

While the details related to the process for investing in and seeking investments for opportunity zones are still pending, this is promising news for SIU and our region.

Other examples

There are many, many other ways we support economic development as we fulfill our mission as a regional economic catalyst.

Our Small Business Development Center has a long history providing local business owners with the tools and guidance they need for success. The center also advises people interested in starting or expanding a business. Last year, the center advised more than 222 clients and helped entrepreneurs create 28 new businesses.

SIU is currently partnering with the Illinois Department of Natural Resources to assist with strategic planning for the World Shooting Complex and Pyramid State Park.

And our long-term partnership with the non-profit IMEC helps small- to mid-sized manufacturers in Southern Illinois improve operations, processes and training.

These are just some of the examples of the ways we support economic growth in Southern Illinois.

Partnerships like these can make a tremendous positive difference for our community. In fact, partnerships are key to fulfilling our vision for the entire university. Stay tuned for more on this subject next week.

Subscribe

Receive the Chancellor's Blog in your email.

Name

Email


Contact the Chancellor

Share your feedback and questions.

Categories

  • Academic excellence
  • Alumni, friends and community
  • Campus Life
  • Chancellor Carlo Montemagno
  • Chancellor John M Dunn
  • Health and safety
  • Higher education
  • Kudos
  • Recruitment and retention
  • Saluki students
  • Statements
  • Uncategorized
  • Vision 2025

Archives

  • November 2021
  • October 2021
  • April 2021
  • March 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • May 2020
  • March 2020
  • February 2020
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018

RSS SIU News

  • Reimagined SIU Camp Little Giant returns with new opportunities, traditional favorites
  • Virtual Little Grassy Literary Festival 2023 features readings, discussions
  • Explore the great outdoors at SIU’s Touch of Nature 2023 summer camps
  • SIU honors students will participate in USDA-funded initiative on food and sustainability
  • Enjoy a summer of fun and opportunities to learn and explore at SIU’s 2023 camps

CONTACT US
Southern Illinois University Carbondale, IL 62901 | P: 618-453-2518 | E: universitycommunications@siu.edu

©2023 Chancellor's Blog | Built using WordPress and Responsive Blogily theme by Superb