Additional Incentive Programs
Participation Loan Program - state will participate in loans up to 25% of project total, not less than $10,000 nor more than $750,000. Must employ IL workers.
Development Corporation Participation Loan Program - state will participate in loans up to 25% of project (max. $750,000) where area Development Corporations are used.
Illinois Finance Authority (IFA) has numerous financing programs in place for both businesses, 501(c)(3) NOT-FOR-PROFIT CORPORATIONS, and for LOCAL GOVERNMENT FINANCING. Please call the IDFA representatives at 312.651.1300 for detailed information or visit the IFA web site at www.il-fa.com.
ComEd - ComEd electric energy company offers a special incentive for new or existing manufacturing companies interested in expanding their business. This incentive is a way to encourage industrial growth and opportunities for new jobs in northern Illinois. It is called Rider 19. For more information call ComEd Economic Development at 312-394-3037.
NICOR - Nicor Gas' technical support staff works closely with customers to maximize their energy dollars through a variety of programs including energy analysis, technical feasibility studies, transportation service and storage management. To learn more about how the Nicor companies can help make northern Illinois the ideal location for your company, call 1-630-983-8888 extension 2756 and ask for the Director of Economic of Economic Development, or visit Nicor's Web Site: www.nicorinc.com.