Business Incentive Programs
Illinois offers easy-to-use programs to
supplement conventional sources of financing and
give businesses more options to grow, relocate and
expand:
Large Business Development Program provides
incentive financing to encourage out-of-state
companies to locate facilities in Illinois and
existing companies to undertake major job expansion
or retention projects.
Illinois EDGE (Economic Development for a Growing
Economy) provides tax credits for businesses that
create new jobs and make capital investments.
Participation Loan Program works through
banks and other conventional lenders to provide
subordinated financial assistance to businesses that
will employ Illinois workers.
Enterprise Zone Financing Program provides
favorable interest rates to businesses locating or
expanding in any of 93 certified enterprise zones.
Business Development Public Infrastructure
Program provides funds for infrastructure
improvements in support of private sector job
creation and retention.
Workforce Investment
& Training
Illinois offers advanced training programs to ensure
that
Illinois' workers
have the skills
businesses need to stay competitive:
Employer Training Investment Program helps
keep Illinois workers' skills in pace with new
technologies and business practices by funding major
retention, expansion or relocation projects; major
capital investment in new equipment or technologies that
increase productivity, improve quality and reduce operating
costs.
The
Illinois Entrepreneurship Network
Illinois offers turnkey services with all the
necessary tools to transform your business into a
high-growth enterprise:
Procurement Technical Assistance Centers provide technical information about state and federal
government contracts for goods and services and offer
one-on-one counseling and marketing training.
Illinois Technology Enterprise Centers
offer management and marketing coaching to help
technology-based entrepreneurs, innovators and early
stage companies develop clear paths to technology
commercialization.
Manufacturing Extension Centers provide
full-time engineering, technology and business
management professionals with solutions to a diverse
range of operation problems to help manufacturers
modernize and boost productivity. |
