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Incentive Programs


 


Financing Programs

Community Services Block Grant Loan Program (CSBG)
Long-term, fixed-rate financing to new or expanding businesses that create jobs and employment opportunities for low-income individuals.

Industrial Revenue Bonds
Tax-exempt Industrial Revenue Bonds on behalf of manufacturing companies to finance the acquisition of fixed assets such as land, buildings, and equipment in new construction or renovation.

Participation Loan Program
Works with banks and other conventional leaders to provide financial assistance to small businesses that will employ Illinois workers.

State Treasurer's Economic Program (STEP)
Provides Illinois companies with access to affordable capital to expand their operations and retain or create jobs in the state.

Rural Development Business and Industrial Loan and Guarantee Programs
Loan and loan guarantee program for businesses with projects in rural areas or cities with populations less than 50,000.

Export Import Bank of the U.S.
Provides financing for qualified exporters in terms of export loans, insurance, and working capital guarantees.

Large Business Development Programs (LBDP)
Provides incentive financing to encourage large out-of-state companies (500 or more employees) to locate in Illinois, and also encourages existing Illinois companies to undertake major job expansion or retention projects.

 

 

More Information

Need More Information?

For additional info, contact the Director of Economic Development at 708-202-4324 or through the email form.

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