Industrial Revenue Bonds are tax exempt bonds issued to finance the capital expenditures of manufacturers, 501 (c) (3) non-profit corporations, and affordable housing projects. This type of financing can be used for the acquisition of fixed assets such as land, buildings, or equipment and for renovation and new construction.
Industrial Revenue Bonds (IRBs)
Local Incentives and Financing
Enterprise Zones – Waukegan and North Chicago
Job Center of Lake County
The State of Illinois offers numerous incentive programs, including financing, tax credits and grants to help get a business started and help a company grow.
State of Illinois Business Financing
Advantage Illinois Programs (DCEO)
Capital Access Program (DCEO)
Participation Loan Programs (DCEO)
Collateral Support Program (DCEO)
Invest in Illinois Linked Deposit Program (Illinois Treasurer’s Office)
Illinois Financial Authority Programs (IFA)
Community Development Fund (DCEO)
Community Service Block Grant Loan Program (DCEO)
State of Illinois Research & Development Tax Credit (IDR)
State of Illinois Business Tax Credits – District or Zone Related
Zone Program (DCEO)
New Markets Development Program (DCEO)
Illinois Historic Preservation Tax Credit Program (DCEO / IHPA)
River Edge Redevelopment Zone (DCEO)
Foreign Trade Zone
State of Illinois Business Tax Credits
Economic Development For A Growing Economy (EDGE) Tax Credit (DCEO)
Illinois Angel Investment Credit Program (DCEO)
High Impact Business Designation (DCEO)
Advantage Illinois Program: Invest Illinois Venture Fund (DCEO)
Illinois Small Business Job Creation Tax Credit Program (Dept of Revenue / DCEO)
Illinois Film Services Tax Credit (IL Film Office)
Work Opportunity Tax Credit (IDEA / US DOL)
State of Illinois Grants / Investment Programs
Employment Training Investment Program (ETIP) – Competitive Program (DCEO)
Employment Training Investment Program (ETIP) – Incentive Program (DCEO)
Technology Development Account (IL Treasurer)
Emerging Technological Enterprises Grant Program (DCEO)
Large Business Development Program (DCEO)
Business Development Public Infrastructure Program
Community Development Assistance Program for Economic Development (DCEO)
Illinois Department of Transportation Economic Development Program (IDOT)
AgriFIRST
Grant Program (IL Dept of Agriculture)
Recycling Expansion & Modernization Program (DCEO)
Solar & Wind Energy Rebate (DCEO)
Illinois’ State Trade and Export Promotion (ISTEP)
