Vandalia, Illinois Economic Development - Incentives

State Of Illinois Incentives



Illinois Department of Commerce and Economic Opportunity

- State Of Illinois Incentives -


Development Finance and lends Authority Pooled Bond Program for small business.

IDFA issues a bond money to two or more businesses.

Development Finance and lends Authority Pooled Bond Program for small business.

Incubator Assistance Program:
- Local governments, economic development.
- Interest free state loan up to $650,000 or 50% of cost.

Industrial Training Program:
- Organizations and Educational agencies wishing to start a business.
- Manufacturing firms locating or expanding in Illinois.

Small Business Development Program:
- Illinois businesses with fewer than 500 employees.
- Direct loan from the state up to 25% of project cost or $2 million.