River Edge Redevelopment Zone
The State of Illinois created the River Edge Redevelopment Zone Program to stimulate development of environmentally challenged properties near rivers through the use of tax incentives. The River Edge Redevelopment Zone (RERZ) in Rockford was established to create and retain jobs and stimulate business and industrial retention and growth. The program emphasizes the returning environmentally challenged sites (“Brownfields”) to productive use. The Zone was approved August 27, 2007 and will be in effect for 30 years through the year 2037.