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Illinois Economic Development Directory


IL Statewide Economic Development Agencies

Illinois Department of Commerce and Economic Opportunity
Dave Pierson
Economic Development Representative
100 West Randolph Street, Suite 3-400
Chicago, IL USA 60601
312-814-1346
david.pierson@illinois.gov
www.dceo.net
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

IL Utilities

Ameren
Michael S. Kearney
Manager, Economic Development
P.O. Box 66149, MC 350
St. Louis, MO USA 63166
800-981-9409
mkearney@ameren.com
www.ameren.com
Ameren is a gateway to your location search throughout a diverse two-state economy with real competitive advantages to meet the needs of expanding businesses.
ComEd
Ed Sitar
Economic Development Manager
Three Lincoln Centre, 3rd Floor
Oakbrook Terrace, IL USA 60181
630-437-2571
edward.sitar@comed.com
www.comed.com/econdev
Prairie Power Inc
Aaron Ridenour
Manager of Economic Development
2103 South Main
Jacksonville, IL USA 62651
217-245-6161 1096
aridenour@ppi.coop
www.ppi.coop

IL Regional Economic Development Agencies

Burlington Northern Santa Fe Railway
Eric Pitcher
Regional Manager, Economic Development
547 West. Jackson Boulevard, Suite 1509
Chicago, IL USA 60661
312-850-5699
eric.pitcher@bnsf.com
www.bnsf.com
Chicago Southland Chamber of Commerce
Patrice Brooks
Executive Vice President
1916 West 174th Street
East Hazel Crest, IL USA 60429
708-957-6950
pbrooks@chicagosouthland.com
www.chicagosouthland.com
Clinton Regional Development Corporation
Steve Ames
President & CEO
144 8th Avenue South
Clinton, IL USA 52732
563-343-3715
sames@clintondevelopment.com
www.clintondevelopment.com
Great River Economic Development Foundation (Quincy & Adams County)
Maggie Strong
Project Manager
300 Civic Center Plaza, Suite 256
Quincy, IL USA 62301
217-223-4313
maggies@gredf.org
www.gredf.org
Illinois Valley Area Chamber of Commerce & Economic Development
Marci Duro
Executive Director & CEO
300 Bucklin Street, P.O. Box 446
LaSalle, IL USA 61301
815-223-0227
ivaced@ivaced.org
www.ivaced.org
Jacksonville Regional Economic Development Corporation
Terry Denison
President
221 East State Street
Jacksonville, IL USA 62650
217-479-4627
terry@jredc.org
www.jredc.org
Lincoln & Logan County Development Partnership
Joel A. Smiley, MPA
Executive Director
1555 5th Street
Lincoln, IL USA 62656-2210
217-732-8739
econdev@lincolnlogan.com
www.lincolnlogan.com
Metro Economic Growth Alliance of Chicago (MEGA)
Ed Sitar
Regional Representative
150 North Michigan Avenue, Suite 2500
Chicago, IL USA 60601
312-394-3037
info@MEGA-Chicago.org
www.mega-chicago.org/
Quad Cities First
Daniel Mann
VP, National Business Development
622 19th Street
Moline, IL USA 61265
563-327-0165
dmann@quadcitiesfirst.com
www.quadcitiesfirst.com
Rockford Area Economic Development Council (RAEDC)
Eric D. Voyles
VP of National Business Development
100 Park Avenue, Suite 100
Rockford, IL USA 61101
815-987-8118
evoyles@rockfordil.com
www.rockfordil.com

IL County Economic Development Agencies

Economic Development Corporation of Decatur & Macon County
J. Craig Coil
President
101 South Main, Suite LL 5
Decatur, IL USA 62523
217-422-9520
ccoil@decaturedc.com
www.decaturedc.com
Known throughout the world as America’s Agribusiness Center, Decatur represents the cutting edge of research, development, and production with links to world-class corporations, educational institutions, and government research centers.
LaSalle County EDC
Jamie Gahm

Illinois Valley Community College, 815 North Orlando Smith Road
Oglesby, IL USA 61348
815-224-0428
jamie_gahm@ivcc.edu
www.80at39.com

Coles Together
Angela Griffin
President & CEO
400 Airport Road
Mattoon, IL USA 61938
217-348-5627
angela@colestogether.com
www.colestogether.com
DeKalb County Economic Development Corporation
Paul J. Borek
Executive Director
421 North California Street, Suite 200
Sycamore, IL USA 60178
815-895-2711
borek@dcedc.org
www.dcedc.org
Enterpriz Cook County
Donald A. Petkus
President & CEO
69 West Washington Street
Chicago, IL USA 60602
312-603-0140
damp@enterpriz.org
www.enterpriz.org
Jefferson County Development Corp.
Mary Ellen Bechtel
Executive Director
200 Potomac Boulevard, P.O. Box 523
Mt. Vernon, IL USA 62864
618-244-3554
mbechtel@jeffcodev.org
www.jeffcodev.org
Richland County Development Corporation
Brandi Stennett
503 East Main Street
Olney, IL USA 62450
618-392-2305
bstennett@rcdc.net
www.rcdc.com
White County Economic Development Group
Sandra Irvine
Executive Director
225 East Main Street
Carmi, IL USA 62821
618-382-2700
wedg@shawneelink.net
www.wedg.org

IL City Economic Development Agencies

Ameren
Michael S. Kearney
Manager, Economic Development
P.O. Box 66149
MC 350
St. Louis, MO 63166
800-981-9409
mkearney@ameren.com
www.ameren.com/ecdev
Ameren is a gateway to your location search throughout a diverse two-state economy with real competitive advantages to meet the needs of expanding businesses.
City of Pittsfield
Bill McCartney
Economic Development Director
215 North Monroe Street
Pittsfield, IL USA 62363
217-285-4484
pittsed@pittsfieldil.org
www.pittsfieldil.org
The City of Pittsfield, Illinois is located 65 miles west of Springfield, 4 miles south of I-72. It is a Main Street Community with 11 homes and sites with direct connection to Abraham Lincoln, two Industrial Parks, an airport, hospital and TIF District.
Economic Development Corporation of Decatur & Macon County
J. Craig Coil
President
101 South Main, Suite LL 5
Decatur, IL 62523
217-422-9520
ccoil@decaturedc.com
www.decaturedc.com
Known throughout the world as America’s Agribusiness Center, Decatur represents the cutting edge of research, development and production with links to world-class corporations, educational institutions and government research centers.
Village of Arlington Heights
John C. Melaniphy III
Business Development Coordinator
33 South Arlington Heights Road
Arlington Heights, IL USA 60005
847-368-5212
jmelaniphy@vah.com
www.vah.com
The Village of Arlington Height is a strategic location with proximity to Interstate 90 (Northwest Tollway), O’Hare International Airport, Chicago Executive Airport, Metra commuter rail service and a highly educated workforce. Some of the major employers in the Village include, Paddock Publications, Nokia Siemens, Northwest Community Hospital,Arlington Park Racecourse and many other quality corporations.
Village of Hoffman Estates
Gary Skoog
Director of Economic Development
1900 Hassell Road
Hoffman Estates, IL USA 60169
847-781-2662
gary.skoog@hoffmanestates.org
www.hoffmanestates.org
Hoffman Estates is a major destination for global headquarters for American and foreign companies. Just minutes from O’Hare International Airport, it offers ample quality workers with a diverse population and housing supply.
Village of Wheeling
Peter Vadopalas, M.P.A.
Director of Economic Development
2 Community Boulevard
Wheeling, IL USA 60090
847-229-4718
pvadopalas@wheelingil.gov
www.wheelingil.gov
The center of commerce in Chicago’s north suburbs, offering a central location, direct access to regional highways, freight and passenger rail service and proximity to O’Hare and Chicago Executive airports.
Aurora Economic Development Commission
Sherman Jenkins
Executive Director
43 West Galena Boulevard
Aurora, IL USA 60506
630-897-5500 1
sjenkins@aurora-il.org
www.aurora-il.org/aedc
Carbondale Business Development
Kevin Baity
Assistant City Manager for Economic Development
200 South Illinois Avenue
Carbondale, IL USA 62901
618-549-5302
kbaity@ci.carbondale.il.us
www.ci.carbondale.il.us
City of Centralia Economic Development Department
Jeanne A. Gustafson
Director
222 South Poplar Street
Centralia, IL USA 62801
618-533-7667
jgustafson@cityofcentralia.org
www.cityofcentralia.org
City of Elmhurst Economic Development Office
Cathy Maloney
Manager
209 North York Street
Elmhurst, IL USA 60126
630-530-6017
elmhurstcathy@comcast.net
www.elmhurst.org
City of Mount Carmel
Rudy Witsman
Economic Development Coordinator
219 North Market Street
Mount Carmel, IL USA 62863
618-262-4822
rudyw@cityofmtcarmel.com
www.cityofmtcarmel.com
City of Salem
Tracey McDaneld
Economic Development Director
321 West Main Street
Salem, IL USA 62881
618-548-7021
ecodev@salemil.us
www.salemil.us
City of St. Charles
Christopher C. Aiston
Economic Development Director
2 East Main Street
St. Charles, IL USA 60174
630-443-4093
econdev@stcharlesil.gov
www.stcharlesil.gov
City of Vandalia
JoAnn Sasse Givens
Director, Economic Development & Tourism
431 West Gallatin Street
Vandalia, IL USA 62471
618-283-1152
econdev@vandaliaillinois.com
www.vandaliaillinois.com
Elgin Area Chamber
Mike O’Kelley
Vice President, Economic Development
P.O. Box 648
Elgin, IL USA 60120
847-741-5660
mokelley@elginchamber.com
www.elginchamber.com
Mendota Economic Development
Molly Davies
Director
P.O. Box 710, 800 Washington
Mendota, IL USA 61342
815-538-4047
mdavies@mendota.il.us
www.mendota.il.us
Montgomery Economic Development Corporation
Charlene Coulombe-Fiore EDFP CEcD
Executive Director
200 Webster Street
Montgomery, IL USA 60538
630-897-6748
char@montgomery-illinois.org
www.montgomery-illinois.org
Springfield Office of Economic Development
Chuck Rose
Sr. Business Projects Manager
800 East Monroe, Room 107
Springfield, IL USA 62701
217-789-2377 473
chuck.rose@cwlp.com
www.springfield.il.us/oped
Streator Area Chamber of Commerce & Industry
Stephen Jonland
Economic Development
320 East Main Street, P.O. Box 360
Streator, IL USA 61364
815-672-2921
jonland@mchsi.com
www.streatorchamber.com
The Village of Elk Grove
Josh Grodzin
Director of Business Development & Marketing
901 Wellington Avenue
Elk Grove Village, IL USA 60007
847-357-4005
jgrodzin@elkgrove.org
www.elkgrove.com
Tinley Park Economic Development
Ivan Baker, CEcD
Director
16250 South Oak Park Avenue
Tinley Park, IL USA 60477
708-444-5000
ibaker@tinleypark.org
www.tinleyparkbiz.biz
Village of Bartlett Economic Development
Tony Fradin
Economic Development Coordinator
228 South Main Street
Bartlett, IL USA 60103
630-540-5940
tfradin@vbartlett.org
www.village.bartlett.il.us
Village of New Lenox
Randall G. Lowman
Economic Development Director
1 Veterans Parkway
New Lenox, IL USA 60451
815-462-6400
rglowman@newlenox.net
www.newlenox.net
Village of Schaumburg Economic Development
Matt Frank
Economic Development Coordinator
101 Schaumburg Court
Schaumburg, IL USA 60193
847-923-3853
mfrank@ci.schaumburg.il.us
www.villageofschaumburg.com

Illinois State Incentives

The ECONOMIC DEVELOPMENT FOR A GROWING ECONOMY (EDGE) incentive program encourages companies to locate or expand operations in Illinois when there is active consideration of a competing location in another state. The program 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. The non-refundable credits can be used against corporate income taxes to be paid over a period not to exceed 10 years.

The EMPLOYER TRAINING INVESTMENT PROGRAM (ETIP) supports companies in retraining their employees to stay competitive. Through the program, Illinois companies are reimbursed for up to 50 percent of eligible training costs. Potential reimbursements include trainers, tuition, trainee wages and fringes, new technology or processes, new machinery, regulatory compliance, and a continuous improvement system.

The LARGE BUSINESS DEVELOPMENT PROGRAM (LBDP) is for companies undertaking a major expansion or relocation. Funds may be used by large businesses for bondable business activities including financing the purchase of land or buildings; building construction or renovation; and certain types of machinery and equipment.

The COMMUNITY DEVELOPMENT ASSISTANCE PROGRAM FOR ECONOMIC DEVELOPMENT (CDAP-ED) is a federally funded program designed to provide grants to units of local government for economic development activities related to private business retention or expansion. Local governments can make their grant funds available as loans to businesses growing or moving to their community. Funds may be used for machinery and equipment, working capital, and building construction and renovation.

Illinois is receiving an allotment of funds to accelerate private investment and ease the credit crunch for small businesses through the federal STATE SMALL BUSINESS CREDIT INITIATIVE of the Small Business Jobs Act of 2010. Illinois’ program is expected to feature three programs to spur institutional lending to businesses up to 750 employees, and one program to leverage private venture capital in start-ups and high-growth businesses.

The ANGEL INVESTMENT CREDIT PROGRAM offers a tax credit to interested firms or persons who make an investment in one of Illinois’ innovative, qualified new business ventures. The tax credit may equal 25 percent of up to a $2 million investment made by the private investor.

REVOLVING LINE OF CREDIT PROGRAM (RLOC): Provides qualifying businesses with a subordinated line of credit through banks and other convention lending institutions at affordable interest rates. It is appropriate for businesses with 500 or fewer employees having seasonal or variable working capital demands. A revolving line of credit allows a business to borrow the amount of money needed to meet the demand for its product/service sales and to repay the loan from the sales revenues.

DCEO COMMUNITY DEVELOPMENT FUND: Part of the Governor Quinn’s Neighborhood Recovery Initiative, started in November and available until funds are depleted. The Department of Commerce and Economic Opportunity (DCEO) is partnering with financial institutions with strong small business lending backgrounds to distribute $5 million in micro loans to start-ups and existing small businesses through the Community Development Fund.

ILLINOIS CAPITAL ACCESS PROGRAM (CAP): Designed to encourage financial institutions to make loans to small and new businesses that do not qualify under conventional lending policies. CAP is a form of loan portfolio insurance, which provides additional reserve coverage to the lender on loan defaults. The borrower and DCEO each contribute a percentage of the loan amount into a reserve fund located at the lender’s bank. This reserve fund enables the financial institution to make loans beyond its conventional risk threshold and is available to draw upon to recover losses on loans made under the program.

ENTERPRISE ZONE PARTICIPATION LOAN PROGRAM (EZ/PLP): A variation of the conventional PLP Program, in that DCEO subordinates the loans through participating lending institutions, but the EZ/PLP may be able to provide small businesses located in an enterprise zone a more attractive loan rate than a conventional PLP. Funds can be used for a number of business activities, such as purchase and installation of machinery and equipment, working capital, purchase of land, construction or renovation of buildings. Funds cannot be used for debt refinancing or contingency funding. Any for-profit small business operating in Illinois which has, including its affiliates, fewer than 500 full-time employees, and is located within an Illinois designated enterprise zone, is eligible for participation in this program.

MANUFACTURING MODERNIZATION LOAN PROGRAM: Designed to provide manufacturers with access to adequate and affordable financing for upgrading and modernizing their manufacturing equipment and operations. Existing Illinois manufacturing companies that employ less than 500 full-time workers, and are retooling, upgrading their equipment, or expanding their business are eligible for this program. Examples of eligible projects include: acquisition and development of land, building costs, fixtures, machinery, new and used equipment.

PARTICIPATION LOAN PROGRAM (PLP): Designed to work through banks and other conventional lending institutions, to provide subordinated financial assistance to Illinois small businesses that employ Illinois workers. A business with 500 or fewer employees may apply for a PLP loan of not less than $10,000 nor more than $750,000. Loans shall not exceed 25 percent of the total project and may not be used for debt refinancing or contingency funding.

COMMUNITY SERVICE BLOCK GRANT (CSBG) LOAN PROGRAM: Administered jointly by the Illinois Department of Commerce and Economic Opportunity, statewide Community Action Agencies and Illinois Ventures for Community Action, it provides long-term, fixed-rate financing to new or expanding small businesses in exchange for job creation and employment for low-income individuals. CSBG funds usually make up between 20-49 percent of the entire loan project and have a low interest rate of 5 to 7.5 percent.

MINORITY, VETERAN, WOMEN AND DISABLED PARTICIPATION LOAN PROGRAM (MVWD/PLP): A variation of the conventional PLP, in that DCEO may subordinate the loans through participating lending institutions, but the MVWD/PLP program can provide Illinois small businesses that are 51 percent owned and managed by persons who are minorities, veterans, women, or disabled, with loans up to loans up to $100,000 or 50 percent of the total project.

ILLINOIS DEPARTMENT OF AGRICULTURE AgriFIRST GRANT PROGRAM: Designed to provide grants to persons and agribusinesses in Illinois for the purpose of developing projects that enhance the value of agricultural products or expand agribusiness in Illinois.

BUSINESS DEVELOPMENT PUBLIC INFRASTRUCTURE PROGRAM (BDPIP): Designed to provide grants to units of local government for public improvements on behalf of businesses 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. The local government must demonstrate clear need for financial assistance to undertake the improvements. Grant eligibility and amounts are determined by the amount of investment and job creation or retention involved.

ENTERPRISE ZONE PROGRAM: Designed to stimulate economic growth and neighborhood revitalization in economically depressed areas of the state. This is accomplished through state and local tax incentives, regulatory relief and improved governmental services.

HIGH IMPACT BUSINESS (HIB): Designed to encourage large-scale economic development activities by providing tax incentives (similar to those offered within an enterprise zone) to companies that propose to make a substantial capital investment in operations and that will 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. The project must involve a minimum of $12 million investment causing the creation of 500 full-time jobs or an investment of $30 million causing the retention of 1500 full-time jobs. The investment must take place at a designated location in Illinois outside of an Enterprise Zone.

NEW MARKETS DEVELOPMENT PROGRAM: Provides supplemental funding for investment entities that have been approved for the Federal New Markets Tax Credit (NMTC) program. It will support small and developing businesses by making capital funds more easily available and will make Illinois more attractive to possible investors

The NMTC program provides state and federal tax credits to investors that make investments into approved funds, which will make investments in eligible projects located in low-income census tracks throughout Illinois.

The program provides non-refundable tax credits to investors in qualifying Community Development Entities (CDE’s) worth 39 percent of the equity investment made into the CDE over a 7-year credit allowance period.

RIVER EDGE REDEVELOPMENT ZONE: Designed to revive and redevelop environmentally challenged properties adjacent to rivers in Illinois through the use of several incentives authorized by State law. Sales tax exemption and property tax abatement (if offered in the zone) are administered by the local zone administrators and the others involve tax incentives that may be claimed on Illinois Income Tax filing.

TAX INCREMENT FINANCING DISTRICT (TIF) Illinois law allows units of local governments the ability to designate areas within their jurisdiction as TIF districts. They 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 jobs.

More details on these programs are available through the Illinois Department of Commerce and Economic Opportunity at www.ildceo.net.


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