What is an “Underserved Area”?
For projects located in an “Underserved Area,” companies may receive an additional 25% of Illinois payroll withholding.
- Tax credits for new jobs: increases from 50% to 75%
- Tax redits for retained jobs: increases from 25% to 50%
Find out if a location is in an “Underserved Area.”
If any one of the following criteria are met, it is in an “Underserved Area”:
- Poverty rate of at least 20%; or
- 35% or more of the families with children in the area are living below 130% of the poverty line, according to the latest American Community Survey; or
- At least 20% of the households in the area receive assistance under the Supplemental Nutrition Assistance Program (SNAP); or
- Average unemployment rate that is more than 120% of the national unemployment average, for a period of at least two consecutive calendar years preceding the date of the application.