|Advancing the Development of Minority Entrepreneurship (ADME)||Pilot program to grow Illinois’ minority entrepreneurs and small business communities. Diversity is a competitive advantage for Illinois and is critical to its economic growth. ADME will nurture opportunities for minority-led companies by facilitating education, mentorship and funding for its participants of the program. Will also provide additional resources to create long-lasting success for each company by opening doors to the business ecosystem typically unavailable for underserved minorities. Contact ADME@illinois.gov or 312.814.8324. |
- End-to-End Training for Minority Entrepreneurs
- Intensive business training classes and internships to provide minority entrepreneurs with foundational knowledge
- Industry-specific mentorship and advisor connections
- Opportunity for participants to workshop projects with program facilitators, advisors, and mentors
- Pitch development coaching for funding efforts, leading up to meetings with investors
|Advantage Illinois Capital Access Program - CAP||Provides lenders with a supplemental loan reserve by matching fees paid by borrowers into a CAP Reserve Account. CAP is designed to encourage financial institutions to make loans to small and new businesses that do not qualify under conventional lending policies, using small amounts of public resources to generate private bank financing that might not otherwise be available. Participating Illinois banks may offer CAP loans directly to companies that need credit enhancements. Similar to loan loss reserve funds, the bank and/or the borrower, as well as the Department of Commerce, contribute a small premium into a "pooled reserve." Each individual loan is enrolled by the approved financial institution, which is supported by the "pooled reserve." The program can assist in financing most types of business (with the exceptions of construction, renovation or purchase of residential or rental housing/rental property).
CAP uses small amounts of public resources to generate private bank financing. Funding from a CAP can be used for many business purposes, including, but not limited to:
• start-up costs,
• working capital,
• business procurement,
• franchise fees,
• inventory and the purchase, construction, renovation, or tenant improvements of an eligible place of business that is not for passive real estate investment purposes.
|Advantage Illinois Participation Loan Program-PLP||Delivered through pre-approved Illinois financial institutions and administered by the Illinois Department of Commerce, Advantage Illinois PLP accelerates investments and eases traditional credit underwriting standards for small businesses. PLP encourages financial institutions to lend to businesses that would otherwise not qualify for traditional bank financing. PLP does this by purchasing portions of bank term loans and revolving lines of credit, applying below market interest rates to the program’s portion, and subordinating the program’s exposures to those of the lending partners. This institutional lending program mitigates lender risk through the use of subordinated debt of up to $2 Million.||Loan|
|Business Development Public Infrastructure Program||(INACTIVE) BDPIP provides grants to units of local government for public improvements on behalf of a business(s) undertaking a major expansion or relocation project that will result in substantial private investment and the creation and/or retention of a large amount of Illinois jobs. The infrastructure improvements must be made for public benefit and on public property and must directly result in the creation or retention of private sector jobs. Local governments must demonstrate clear need for financial assistance to undertake the improvements. Awards are determined by the amount of investment and job creation or retention involved. The Business Development Public Infrastructure Program provides funds for infrastructure improvements in support of economic development in the Illinois. The Business Development Public Infrastructure Program helps local governments finance public infrastructure needed to support economic development and private sector job creation. Funding is available only for infrastructure projects which lead directly to private sector expansion or retention activities. ||Grant|
|Economic Development for a Growing Economy (EDGE)||***Completed applications must be received by the Department by 5pm Central Time, Friday, March 31, 2017.
Provides special tax incentives to encourage companies to locate or expand operations in Illinois when there is active consideration of a competing location in another state. EDGE can provide tax credits to qualifying companies, equal to the amount of state income taxes withheld from the salaries of employees in the newly created jobs. Non-refundable credits can be used against corporate income taxes to be paid.
|Employer Training Investment Program - INACTIVE||(INACTIVE) The ETIP Incentive Program is eligible to pre-qualified Illinois businesses applying for training funds as part of an Economic Development Incentive Project. Companies located in Illinois who are expanding, relocating, or are in jeopardy of closing may be eligible for pre-qualification in the program. Participation requires companies to meet certain capital investment and job creation/retention goals and provide a dollar for dollar match of the grant award. The program supports Illinois workers’ efforts to upgrade their skills in order to remain current in new technologies and business practices, enabling companies to remain competitive, expand into new markets and introduce more efficient technologies into their operations.||Grant|
|High Impact Business (HIB)||Provides large-scale economic development activities by providing tax incentives (similar to those offered within an enterprise zone) to companies which make substantial capital investments in operations and create or retain an above average number of jobs. Businesses may qualify for: investment tax credits, a state sales tax exemption on building materials, an exemption from state sales tax on utilities, a state sales tax exemption on purchases of personal property used or consumed in the manufacturing process or in the operation of a pollution control facility.||Tax Credit|
|Illinois Angel Investment Credit Program (INACTIVE)||(INACTIVE) Offers tax credits to interested firms or individuals who make an investment in one of Illinois' innovative, qualified new business ventures. Investments encourage job growth and expand capital investment in Illinois. Tax credits for qualified investors are equal to 25% of their investment made directly in a qualified new business venture.||Tax Credit|
|Illinois Department of Revenue (IDOR) Building Sales Tax Exemption||Contractors and other entities participating in a real estate construction, rehabilitation, or renovation project in an Enterprise Zone or a River Edge Redevelopment Zone – or a state-certified High Impact Business – may purchase building materials for the project exempt from sales tax. Building materials exemptions are available only to contractors or other entities with a certificate issued by the Illinois Department of Revenue.||Tax Credit|
|Illinois Department of Transportation (IDOT) Economic Development Program (EDP)||Provides grant assistance for roadway improvements necessary for access to new or expanding industrial, manufacturing, or distribution facility companies. Program is designed to provide 100% state funding for roadway improvements on state owned routes and up to 50% state funding for eligible locally owned roadways (remaining 50% match could be provided by local government entities or private sources). Maximum amount provided for one individual project is $2 million.
|Illinois Department of Transportation (IDOT) Rail Freight Loan Program ||Provides capital assistance to communities, railroads, and shippers to preserve and improve rail freight service in Illinois and promote economic development through the retention and development of rail-dependent industry. |
Low interest loans are provided to help finance rail improvements; under special circumstances grants may be considered.
|Illinois Department of Transportation (IDOT) Truck Access Route Program (TARP)||Assists local governments to upgrade roads to accommodate 80,000 pound truck loads. If eligible, program can provide $45,000 per lane mile and $22,000 per eligible intersection for selected projects. State participation will not exceed 50% of the total construction costs or $900,000, whichever is less.|
|Illinois Enterprise Zone Program||Stimulates investment, job creation and neighborhood revitalization in designated economically depressed areas of the state through state and local tax incentives, regulatory relief and improved governmental services. Businesses located or expanding in an Illinois Enterprise Zone may be eligible for the following state and local tax incentives: |
- State utility tax (5.10%)
- State building materials tax (6.25%)
- State investment tax credit (0.50%)
- State telecommunications excise tax (7.00%)
- State expanded machinery sales tax (6.25%)
- Local incentives which vary from zone to zone, contact local zone administrator
For a list of current Enterprise Zones, contacts, notices and additional information visit
|Illinois Environmental Protection Agency (IEPA) Wastewater/Stormwater & Drinking Water Loans||Provides low interest loans through the State Revolving Fund (SRF) and includes two loan programs: 1) Water Pollution Control Loan Program (WPCLP), funds wastewater and storm-water projects, and 2) Public Water Supply Loan Program (PWSLP) for drinking water projects. Programs are annual recipients of federal capitalization funding, which is combined with state matching funds, interest earnings, repayment money, and the sale of revenue bonds to form a perpetual source of financing for infrastructure projects.||Loan|
|Illinois Finance Authority (IFA) Participation Loan Program||Offers a loan participation program in conjunction with lenders. IFA will purchase up to the lesser of $500,000, or a 50% participation in the loan, directly from the borrower’s lender.|
- Participation loans will finance the purchase of land or buildings, construction or renovation of buildings, and acquisition of machinery and equipment
- Provides a lower blended interest rate to borrower
- IFA will participate at a fixed rate of interest for up to five (5) years. Bank's portion of loan can be fixed or variable.
- Interest rate for IFA participation is bank's rate less 100 basis points. Rate is set at same time the bank sets its rate.
- IFA will share in all collateral prorated on a first mortgage position (pari passu) with the bank
|Illinois Historic Preservation Tax Credit||Provides a state income-tax credit equal to 25% of a project’s qualified expenditures to owners of certified historic structures located within River Edge Redevelopment Zones (Aurora, East St. Louis, Elgin, Peoria & Rockford) who undertake certified rehabilitations. Rehabilitation investments are expected to create jobs in Illinois, stimulate the economies of River Edge communities, and revitalize historic structures and neighborhoods. An awarded tax credit may not be sold or otherwise transferred to another person or entity.||Tax Credit|
|Illinois New Markets Development Program (INACTIVE)||Provides supplemental funding for investment entities approved for the Federal New Markets Tax Credit (NMTC) program. Supports small and developing businesses by making capital funds more easily available and makes Illinois more attractive to possible investors. State and federal tax credits are available to investors that make investments into approved funds, which make investments in eligible projects located in low income census tracks throughout Illinois. Non-refundable tax credits for investors in qualifying Community Development Entities (CDE’s) are worth 39% of the equity investment made into the CDE over a 7 year credit allowance period.||Tax Credit|
|Illinois Small Business Jobs Creation Tax Credit Program (INACTIVE)||Provides Illinois small business owners and non-profits with an extra boost to grow their business. After creating one or more new, full-time positions, eligible small businesses and non-profits can register online to receive a $2,500 per job tax credit. ||Tax Credit|
|River Edge Redevelopment Zone Program (RERZ)||Provides incentives to help revive and redevelop environmentally challenged properties adjacent to rivers in Illinois in designated zones in five cities – Aurora, East St. Louis, Elgin, Peoria and Rockford. Sales tax exemptions and property tax abatements (if offered in the zone) – are administered by local zone administrators. Other incentives, authorized by State law, may be claimed as credits on the applicant’s annual Illinois tax return:|
- Investment Tax Credits
- Environmental Remediation Tax Credit
- Dividend Income Deduction
- Interest Income Deduction
- Building Materials Sales Tax Exemption
- Property Tax Abatement
|Southern Illinois Economic Development Initiative||The Delta Regional Authority (an 8 state Federal Agency) partners with the State of Illinois to enhance economic development activities in Illinois' 16 southernmost counties: Alexander, Franklin, Gallatin, Hamilton, Hardin, Jackson, Johnson, Massac, Perry, Pulaski, Randolph, Saline, Union, White and Williamson.
Grants, tied to local investments and contributions, work to improve transportation and basic public infrastructure. Direct funding to community-based and regional projects strengthens workforce development systems and local business environments.
At least 75% of grants must be invested in economically-distressed counties. Half of these funds are targeted to transportation and basic infrastructure improvements. Remaining funds are directed to other priorities or workforce and business development with a focus on entrepreneurship.
|Tax Increment Financing Program||Illinois law allows units of local governments to designate areas within their jurisdiction as TIF districts. These specially designated districts are used by local governments as a way to spur economic growth by dedicating the sales tax revenues and additional property tax revenues generated with in the TIF for improvements within the district with the hope of encouraging new economic development and job creation.||Tax Credit|
|DOE Weatherization - Year 4||The Illinois Home Weatherization Assistance Program (IHWAP) is designed to help low income residents save fuel and money, while increasing the comfort of their homes. Funding is provided through the U.S. Department of Energy.||Grant|
|LIHEAP Energy Assistance HHS||The Low Income Home Energy Assistance Program (LIHEAP) is designed to help eligible low-income households pay for winter energy services. ||Grant|
|LIHEAP Energy Assistance State Supplemental||The Low Income Home Energy Assistance Program (LIHEAP) is designed to help eligible low-income households pay for winter energy services. ||Grant|
|Weatherization HHS||The Illinois Home Weatherization Assistance Program (IHWAP) is designed to help low income residents save fuel and money, while increasing the comfort of their homes.||Grant|
|Weatherization State Supplemental||The Illinois Home Weatherization Assistance Program (IHWAP) is designed to help low income residents save fuel and money, while increasing the comfort of their homes.||Grant|
|CDBG Economic Development Program||The Community Development Block Grant (CDBG) program provides federal funding for a variety of community-based projects. Communities in non-metropolitan areas can apply for Economic Development grant funding to assist private business in retaining or creating full-time, permanent jobs. Grant funds may also be used for improvements to public infrastructure that directly supports a company in the local community.||Grant|
|CDBG Emergency Public Infrastructure Program||The Community Development Block Grant program provides federal funding for a variety of community-based projects. Communities with populations of 50,000 or less can apply for Emergency Public Infrastructure grant funding to support local public infrastructure projects of an urgent and unforeseen nature, occurring outside the normal application cycle. Priority given to water, sanitary and storm-sewer projects.||Grant|
|CDBG Housing Rehabilitation Program||The Community Development Block Grant Program provides federal funding for a variety of community-based projects. Communities with populations of 50,000 or less can apply for Housing Rehabilitation grant funding to support single family, owner-occupied housing rehabilitation projects in a targeted area of the community. Priojects supporting low to moderate income populations are targeted for funding.||Grant|
|CDBG Public Infrastructure Program||The Community Development Block Grant program provides federal funding for a variety of community-based projects. Communities with populations of 50,000 or less can apply for Public Infrastructure grant funding to support water, sanitary and storm-sewer projects. May include funding for design.||Grant|
|Community Services Block Grant - CSBG||The Community Services Block Grant (CSBG) program provides federal funding to Illinois' 36 community action agencies (CAAs) to carry out locally designed programs providing a range of services and activities that have measurable impacts on the causes and effects of poverty. The CSBG program assists low income populations with transportation, clothing, health services, food, shelter and programs designed to increase self-sufficiency, such as job preparedness, education and housing assistance. Small business loans are also available with CSBG funding. Eligible individuals must generally have incomes that fall below 125% of the national poverty index. ||Household Assistance|
|Building Futures||The goal of the Building Futures Program is to increase the work experience and career readiness of foster youth. The key program parameters include providing essential skills and “wrap-around” programming, career readiness classes, mentorship/conflict resolution programming, training high growth sectors, and work based learning through the workforce system||Grant|
|Disability Employment Initiative - Pilot Project||To provide funding to Local Workforce Areas under the Disabilities Employment Initiative (DEI) to pilot solutions to remove barriers to employment for people with disabilities.||Grant|
|National Emergency Grant - Sector Partnership||Grant funds are to address the State's need to expand the use of training to meet the needs of dislocated workers, especially the long-term unemployed and Unemployed Insurance (UI) recipients who have been profiled as likely to exhaust their benefits. ||Grant|
|Trade Adjustment Assistance||To provide funding to eligible local Workforce Areas grantees for Trade Program activities to serve laid off workers as a result of foreign trade and competition.||Grant|
|WIOA Formula Youth - Adult - Dislocated Worker||Formula grants that are distributed to local workforce areas to provide re-training and job placement services to eligible Youth, Adult, and Dislocated Workers.||Grant|
|WIOA RR - Innovative Projects||Provides funding for Innovative Layoff Aversion Projects||Grant|
|WIOA State Workforce Initiatives||This RFA is to identify innovative statewide activities projects authorized under the Workforce Innovation and Opportunity Act that are consistent with the vision and guiding principles established by a State Leadership Team comprised of business, workforce, education, and state agency officials.||Grant|
|Low Income Energy Efficiency Program||Provides funding to install energy efficient measures such as lighting, appliances, insulation and HVAC equipment for low income residential projects in order to maximize energy savings.||Grant|
|Public Sector Energy Efficiency Program||Provides grants to public sector entities for the installation of eligible energy efficiency measures such as lighting and HVAC. The incentives are available to units of local, state, and federal government, schools, community colleges and universities.||Grant|
|Emerging Technological Enterprises||The Illinois Jobs Now Act allows the Illinois Department of Commerce the authority to provide grants, loans, and other investments for projects to respond to unique advanced technology initiatives which will foster the development of Illinois' economy through the advancement of the state's economic, scientific, and technological assets.||Grant|
|First Stop Business Information Center (BIC)||Provides comprehensive information and technical support to businesses with questions and concerns about government regulations, requirements and assistance programs. Via a toll-free business helpline and website, BIC provides entrepreneurs and small business owners free business startup kits, access to its knowledgebase system, and easy to understand guides on several business types including: child care, restaurants, convenience stores, wineries, e-commerce and others. Advocates for small business owners when they encounter problems with state regulating agencies. ||Business Counseling|
|Illinois Small Business Environmental Assistance Program (SBEAP)||Provides free confidential assistance to small businesses to help them understand their environmental requirements. Located in a non-regulatory agency, services include a toll-free helpline, environmental workshops and training, easy to understand regulatory publications, recordkeeping tools and a free environmental assistance newsletter.||Business Counseling|
|Procurement and Tech Assistance Center Federal||The Procurement Technical Assistance Centers (PTAC) program is targeted to companies interested in selling products to government agencies. They provide one-on-one counseling to business, technical information, marketing assistance, and training through local host organizations. All designated Federal & State funds are managed through Illinois PTAC and administered by rules & guidelines provided by PTAC program.||Grant|
|Procurement and Tech Assistance State||The Procurement Technical Assistance Centers (PTAC) program is targeted to companies interested in selling products to government agencies. They provide one-on-one counseling to business, technical information, marketing assistance, and training through local host organizations. All designated Federal & State funds are managed through Illinois PTAC and administered by rules & guidelines provided by PTAC program.||Grant|
|Regulatory Flexibility Program||Brings Illinois' small business concerns to the rulemaking process and requires state agencies to consider the impact of proposed regulations. Works with businesses and state agencies to reduce financial burdens and compliance requirements. Provides a venue to file formal complaints regarding onerous rules or regulations. Businesses can question whether rules are needed, rule complexities and extent to which rules duplicate or conflict with federal regulations.|
A monthly newsletter provides updates on state and federal regulations, upcoming events, trainings and other news that helps Illinois' small businesses compete. Contact 800.252.2923 for more information or visit: http://www.illinois.gov/dceo/SmallBizAssistance/Pages/LawsRegsAndPermitting.aspx.
|SBDC Fed 18||The Small Business Development Centers (SBDC) program is targeted to new and existing small businesses. They provide one-on-one counseling, assistance with management, business plans and marketing assistance, financial services, and training.||Grant|
|SBDC Fed 56||The Small Business Development Centers (SBDC) program is targeted to new and existing small businesses. They provide one-on-one counseling, assistance with management, business plans and marketing assistance, financial services, and training.||Grant|
|SBDC International Trade Centers||Provide assistance with international trade and exporting, and offer information, counseling and training to existing and new-to-export companies interested in pursuing international trade opportunities.|
- Evaluation of company's readiness to export
- Access to foreign market information
- Documentation assistance
- Automated trade leads
- Linkages with trade representatives
For more information visit: http://www.illinois.gov/dceo/SmallBizAssistance/BeginHere/Pages/ITC.aspx
|SBDC State 80||The Small Business Development Centers (SBDC) program is targeted to new and existing small businesses. They provide one-on-one counseling, assistance with management, business plans and marketing assistance, financial services, and training.||Grant|
|Illinois Film Production Tax Credit||Offers producers a non-refundable transferable credit of 30% of all qualified expenditures, including the purchase of goods and services from Illinois vendors and wages for Illinois residents (up to $100,000 per employee). Non-Illinois resident wages do not qualify. Program's goal is to attract, develop, and sustain video, film, television and commercial advertising productions for the purpose of employment of Illinois residents, as well as the development of industry related infrastructure.||Tax Credit|
|Live Theater Tax Credit||Provides a transferrable credit of 20% of all qualified Illinois expenditures including Illinois resident salaries (non-talent) up to $100,000 per worker.||Tax Credit|
|Downstate International Tourism Grants||Grants to certified convention and visitors' bureaus outside Chicago to bring international visitors to Illinois. All tourism grant programs are funded by a portion of the state's hotel-motel tax revenue, a dedicated fund set aside by law to increase travel to and within Illinois.||Grant|
|Local Tourism and Convention Bureau Program - LTCB||Provides grants to certified local convention and visitors bureaus to market their service area, and increase hotel/motel occupancy and travel to grow the tourism industry.||Grant|
|Tourism Marketing||The Office of Tourism at the Illinois Department of Commerce markets the state to domestic and international visitors to increase visitation and drive economic impact to the state and improve the quality of life for Illinois residents. Tourism marketing campaigns are targeted to high value visitors in the U.S., Germany, UK, Japan and China. Efforts include public relations, advertising, operating tourist information centers at entry points to the state and providing tourism information.|
|Illinois Foreign Direct Investment Program||Provides foreign companies interested in establishing a presence in Illinois with personalized assistance, including identifying eligible incentives at the federal, state and local levels of government and site-selection. Program administered by the Office of Trade and Investment (OTI) at the Illinois Department of Commerce.
|Illinois State Trade & Export Promotion (ISTEP)||Provides eligible small businesses with financial and technical assistance, including market research, distributor searches, business-to-business matchmaking, international marketing support, product compliance certifications and the opportunity to participate in Group Trade Missions or Individual Foreign Market Sales Missions. ISTEP helps increase: 1) the number of small businesses exporting and, 2) the value of exports of those small businesses. Program administered by the Office of Trade and Investment (OTI) at the Illinois Department of Commerce.||Export Assistance|
|Employment Opportunities Grant Program||The goal of the Employment Opportunities Grant Program (EOGP) is to increase the number of individuals in historically underrepresented populations who enter and complete building trades apprenticeship programs and achieve journey-level status within building trades unions.||Grant|
|Residential Weatherization Program||The purpose of the Residential Weatherization Program is to increase energy savings (reduce cost of energy) for homeowner's/renters in eligible households within identified communities. Each grantee will conduct an energy audit on the eligible homes in order to identify potential cost saving measures for the owner/renter. The home will then be weatherized as per the audit which can include the installation of weatherization materials such as insulation, air sealing material, weather-stripping, furnace repair, cooling units and doors, minor repairs to walls, roofs, ceilings, floors, and windows. ||Grant|