Strong incentives for growth in Illinois.
Illinois offers tax-based incentives to help your business create jobs and investment in Illinois.
The Illinois Department of Commerce and Economic Opportunity (DCEO) offers a menu of programming designed to help businesses of all sizes and industries succeed.
Illinois’ EDGE program provides annual corporate tax credits to qualifying businesses which support job creation, capital investment and improve the standard of living for all Illinois residents.
The Illinois Enterprise Zone Program is designed to stimulate economic growth and neighborhood revitalization in economically depressed areas of the state through state and local tax incentives, regulatory relief and improved governmental services.
The program supports large-scale economic development activities by providing tax incentives (similar to Enterprise Zones) to companies that make substantial capital investments in operations and create or retain an above average number of jobs.
The Illinois Angel Investment Tax Credit Program encourages investment in innovative, early-stage companies to help obtain the working capital needed to further the growth of their company in Illinois.
The River Edge Historic Tax Credit Program provides 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.
The Invest in Illinois fund devotes $400 million to high-priority projects that commit to investing and creating jobs in Illinois.
Illinois passed the MICRO Act to attract semiconductor companies looking to relocate or expand in the U.S. The new legislation significantly boosts tax credits for retained employees of semiconductor projects from 25% to 75%, rising even further to 100% for those locating in an underserved or energy transition area.
The NMTC Program incentivizes community development and economic growth through the use of tax credits that attract private investment to distressed communities.
The REV Illinois Act is a highly competitive incentives program to bolster Illinois manufacturing in the clean jobs economy, created to attract companies all along the supply chain in the electric vehicle and renewables sectors.
The River Edge Redevelopment Zone Program (RERZ) helps revive and redevelop environmentally challenged properties adjacent to rivers in Illinois.
Illinois Small Business Development Centers are located throughout the state to provide information, confidential business guidance, training, and other resources for start-ups and existing small businesses.
Illinois is now the only state in the nation with a sustainable aviation fuel (SAF) tax incentive, providing a $1.50/gallon tax credit for SAF sold to or used by an air carrier.
