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Incentive Programs


 


Infrastructure Programs

Illinois FIRST Program
A five-year, $12 billion program designed to revitalize, rebuild, develop, and maintain critical support systems to assure a better life for everyone in Illinois.

Economic Development Program (EDP)
Provides state assistance for highway improvements that are needed to provide access to new or expanding industrial, distribution, or tourism developments.

Truck Access Route Program (TARP)
Helps local government agencies upgrade roads to accommodate 80,000 pound trucks.

Rail Freight Program (RFP)
Provides capital assistance to communities, railroads and shippers to preserve and improve rail freight service in Illinois.

Business Development Public Infrastructure Program
Provides low-interest and grant financing to units of local government for public improvements on behalf of businesses undertaking expansion or relocation projects.

Community Development Assistance Programs (CDAP)
Federal grants are made to units of local government and may be loaned to businesses for projects that will create or retain jobs within the community, or used for improvement to public infrastructure that directly support economic development.

Tax Increment Financing (TIF)
Municipal financing tool that can be used to renovate declining areas or redevelop blighted areas while improving the tax base of the areas.

 

 

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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