Quick Facts

Illinois Governor Pat Quinn

Illinois Governor Pat Quinn


  • Capital: Springfield
  • Population (2012 Est.): 12,875,255
  • Largest Cities (2012): Chicago, 2,714,856; Aurora, 199,931; Rockford, 150,843; Joliet, 148,268
  • Targeted Industries: Agribusiness, Advanced Manufacturing, Energy & Renewables, Finance & Professional Services, IT, Distribution & Logistics
  • GDP (All Industry 2012): $695.2 billion*

*Bureau of Economic Analysis, U.S. Department of Commerce




ADVANTAGE Illinois: Accelerates investments and eases the credit crunch for small businesses, thanks to more than $78 million from the federal State Small Business Credit Initiative (SSBCI) of the Small Business Jobs Act of 2010. Advantage Illinois consists of three programs to spur institutional lending to small businesses and one program to leverage private venture capital in start-ups and high-growth businesses. Illinois expects to generate $10 in new private lending for every $1 of federal funding provided through this program.

Large Business Development Program (LBDP): 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.

Community Development Assistance Program for Economic Development (CDAP-ED): 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.

Community Service Block Grant (CSBG) Loan: Administered jointly by the Illinois Department of Commerce and Economic Opportunity, statewide Community Action Agencies and Illinois Ventures for Community Action, the program 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% to 49% of the entire loan project and have a low interest rate of 5% to 7.5%.

Illinois Department of Agriculture AgriFIRST Grant: 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.

New Markets Development: Provides supplemental funding for investment entities that have been approved for the Federal New Markets Tax Credit (NMTC) program. This program supports small and developing businesses by making capital funds more easily available, in turn making Illinois more attractive to possible investors. It provides state and federal tax credits to investors who make investments into approved funds that invest 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% of the equity investment made into the CDE over a 7-year credit allowance period.


Economic Development for a Growing Economy (EDGE): An incentive program that 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.

Angel Investment Credit: 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% of up to a $2-million investment made by the private investor.

Small Business Jobs Creation Tax Credit: Provides small business owners and non-profits with an extra boost to grow their businesses over the next four years. After creating one or more new, full-time positions that meet the eligibility requirements, small businesses can register online to receive a $2,500 per job tax credit. The program is for new jobs created July 1, 2012 to June 30, 2016.

Illinois Historic Preservation Tax Credit Program: 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, and Rockford) who undertake certified rehabilitations during the taxable year. An awarded tax credit may not be sold or otherwise transferred to another person or entity. The Illinois Historic Preservation Tax Credit Program runs from January 1, 2012 to December 31, 2016.

Enterprise Zone: 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 investment of $12 million causing the creation of 500 full-time jobs or an investment of $30 million causing the retention of 1,500 full-time jobs. The investment must take place at a designated location in Illinois outside of an Enterprise Zone.

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 (TIF) District: 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 within the TIF for improvements within the district with the hope of encouraging new economic development and jobs.


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% of eligible training costs. Potential reimbursements include trainers, tuition, trainee wages, new technology or processes, learning to operate new machinery and regulatory compliance.


Michael S. Kearney
Director, Economic Development
P.O. Box 66149, MC 350
St. Louis, MO 63166
fax: 314-206-0182
[email protected]

As an electric and natural gas utility serving central and southern Illinois, mid-Missouri and the St. Louis metropolitan area, Ameren’s economic development professionals are ready to assist your next expansion.


Economic Development Corporation of Decatur & Macon County

Larry Altenbaumer
101 South Main – Suite LL 5
Decatur, IL 62523
fax: 217-422-9307
[email protected]

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.

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State Listings

  • Illinois Department of Commerce & Economic Opportunity

    Adam Pollet
    James R. Thompson Center, 100 West Randolph Street
    Chicago, IL 60601
    P: 312-814-7179
    [email protected]


Utility Listings

  • Ameren

    Michael S. Kearney
    Director, Economic Development
    P.O. Box 66149, MC 350
    St. Louis, MO 63166
    P: 800-981-9409
    [email protected]
  • ComEd

    Ed Sitar
    Economic and Business Development Manager
    Three Lincoln Centre
    Oakbrook Terrace, IL 60181
    P: 630-437-2571
    [email protected]
  • Hoosier Energy

    Harold Gutzwiller
    Manager, Economic Development/Key Accounts
    P.O. Box 908
    Bloomington, IN 47402
    P: 812-876-0294
    [email protected]
  • Prairie Power Inc

    Aaron Ridenour
    Manager of Economic Development
    2103 South Main
    Jacksonville, IL 62651
    P: 217-245-616, x1096
    [email protected]


Regional Listings

  • BNSF Railway Company

    Eric Pitcher
    Regional Manager, Economic Development
    547 West Jackson Boulevard, Suite 1509
    Chicago, IL 60661
    P: 312-850-5699
    [email protected]
  • Chicago Southland Chamber of Commerce

    Patrice Brooks
    Executive Vice President
    920 West 175th Street
    Homewood, IL 60430
    P: 708-957-6950, ext. 112
    [email protected]
  • Great River Economic Development Foundation (Quincy & Adams County)

    Megan Backs
    Project Manager
    300 Civic Center Plaza, Suite 256
    Quincy, IL 62301
    P: 217-223-4313
    [email protected]
  • Illinois Valley Area Chamber of Commerce & Economic Development

    Marci Duro
    Executive Director & CEO
    1320 Peoria Street
    Peru, IL 61301
    P: 815-223-0227
    [email protected]
  • Jacksonville Regional Economic Development Corporation

    Terry Denison
    221 East State Street
    Jacksonville, IL 62650
    P: 217-479-4627
    [email protected]
  • Northwest Illinois Development Alliance

    David Young
    Executive Director
    27 West Stephenson Street
    Freeport, IL 61032
    P: 815-233-1356
    [email protected]
  • Quad Cities Chamber | Quad Cities First

    Ray De Winkle, CEcD, EDFP
    Vice President, Business Attraction
    1601 River Drive, Suite 310
    Moline, IL 61265
    P: 563-823-2658
    [email protected]
  • RAEDC – Rockford Area Economic Development Council

    Eric D. Voyles
    VP of National Business Development
    100 Park Ave., Suite 100
    Rockford, IL 61101
    P: 815-987-8118
    [email protected]
  • University Park SIUE, Inc. (Southern Illinois University-Edwardsville)

    James Pennekamp
    Special Assistant to the Chancellor for Regional Economic Development & Executive Director, University Park
    One North Research Drive
    Edwardsville, IL 62025-3604
    P: 618-659-9300
    [email protected]


County Listings

  • Champaign County Economic Development Corporation

    Erik Kotewa
    Deputy Director
    1817 South Neil Street, Suite 100
    Champaign, IL 61820
    P: 217-378-8535
    [email protected]
  • Coles Together

    Angela Griffin
    President and CEO
    400 Airport Road
    Mattoon, IL 61938
    P: 217-348-5627
    [email protected]
  • Cook County Bureau of Economic Development

    Michael Jasso
    Director, Planning and Development
    69 West Washington, Suite 3000
    Chicago, IL 60602
    P: 312-603-1077
    [email protected]
  • DeKalb County Economic Development Corporation

    Karen Hoyle
    421 N. California Street, Suite 200, Building 1B
    Sycamore, IL 60178
    P: 815-895-2711, ext. 201
    [email protected]
  • DuPage County Economic Development

    Greg Bedalov
    President & CEO
    2525 Cabot Drive, Suite 303
    Lisle, IL 60532
    P: 630-955-2090
    [email protected]
  • Economic Alliance of Kankakee County

    Michael J. Van Mill
    President & CEO
    200 East Court Street, Suite 507
    Kankakee, IL 60901
    P: 815-935-1177
    [email protected]
  • Economic Development Corporation of Decatur & Macon County

    Larry Altenbaumer
    101 South Main – Suite LL 5
    Decatur, IL 62523
    P: 217-422-9520
    [email protected]
  • Grundy County Economic Development

    Missy Durkin
    Business Development Director
    112 East Washington Street
    Morris, IL 60450
    P: 815-942-0163
    [email protected]
  • Jefferson County Development Corp.

    Mary Ellen Bechtel
    Executive Director
    200 Potomac Blvd., P.O. Box 523
    Mt. Vernon, IL 62864
    P: 618-244-3554
    [email protected]
  • Lincoln & Logan County Development Partnership

    Chris Huff
    Office Manager
    1555 5th Street
    Lincoln, IL 62656
    P: 217-732-8739
    [email protected]
  • McHenry County Economic Development Corporation

    Pam Cumpata
    5435 Bull Valley Road, Suite 324
    McHenry, IL 60050
    P: 815-363-0444
    [email protected]
  • Richland County Development Corporation

    Courtney Yockey
    Executive Director
    315 West Main Street
    Olney, IL 62450
    P: 618-392-2305
    [email protected]
  • White County Economic Development Group

    Sandra Irvine
    Executive Director
    225 East Main Street
    Carmi, IL 62821
    P: 618-382-2700
    [email protected]
  • Whiteside County Development

    Betty J. Steinert
    200 East Knox Street
    Morrison, IL 61270
    P: 815-772-5182
    [email protected]
  • Will County Center for Economic Development

    John E. Greuling
    President & CEO
    116 North Chicago Street, Suite 101
    Joliet, IL 60432
    P: 815-723-1800
    [email protected]
  • Winnebago County

    Stacy Bernardi
    Economic Development Director
    404 Elm Street, Room 403
    Rockford, IL 61101
    P: 815-319-4278
    [email protected]


City Listings

  • Aurora Economic Development Commission

    Kathy Leonard
    Development Services Administrator
    43 West Galena Boulevard
    Aurora, IL 60506
    P: 630-256-3160, ext. 3163
    [email protected]
  • Carbondale Business Development

    Kevin Baity
    Assistant City Manager for Economic Development
    200 S. Illinois Ave.
    Carbondale, IL 62901
    P: 618-549-5302
    [email protected]
  • City of Centralia

    Kala Lambert
    Economic Development Director
    222 S. Poplar Street
    Centralia, IL 62801
    P: 618-533-7664
    [email protected]
  • City of Elmhurst Economic Development Office

    Cathy Maloney
    Economic Development Consultant
    209 North York Street
    Elmhurst, IL 60126
    P: 630-530-6017
    [email protected]
  • City of Oak Forest

    Adam Dotson
    Community Development Director
    15440 South Central Avenue
    Oak Forest, IL 60452
    P: 708-687-4050, ext. 1007
    [email protected]
  • City of Pittsfield

    Bill McCartney
    Economic Development Director
    215 N. Monroe St.
    Pittsfield, IL 62363
    P: 217-285-4484
    [email protected]
  • City of Salem

    Jeanne Gustafson
    Economic Development Director
    101 South Broadway Avenue
    Salem, IL 62881
    P: 618-548-2222, ext. 16
    [email protected]
  • City of St. Charles Economic Development Dept.

    Karla McCleary
    Senior Administrative Assistant
    2 East Main Street
    St. Charles, IL 60174
    P: 630-443-4093
    [email protected]
  • City of Vandalia

    LaTisha Paslay
    Executive Secretary
    431 West Gallatin Street
    Vandalia, IL 62471
    P: 618-283-1152
    [email protected]
  • City of Zion

    Sonolito Bronson
    Coordinator of Planning and Economic Development
    2828 Sheridan Road
    Zion, IL 60099
    P: 847-746-4056
    [email protected]
  • Elgin Development Group

    Mike O’Kelley
    Vice President
    31 South Grove Avenue
    Elgin, IL 60120
    P: 847-741-5660
    [email protected]
  • Elk Grove Village

    Josh Grodzin
    Director of Business Development & Marketing
    901 Wellington Avenue
    Elk Grove Village, IL 60007
    P: 847-357-4005
    [email protected]
  • Greater Sterling Development Corporation

    Heather Sotelo
    Executive Director
    1741 Industrial Drive
    Sterling, IL 61081
    P: 815-625-5255
    [email protected]
  • Joliet Arsenal Development Authority

    Richard Kwasneski
    Executive Director
    3180 Theodore Street, Suite 103
    Joliet, IL 60435
    P: 815-630-2800
    [email protected]
  • Mendota Economic Development

    Emily McConville
    800 Washington Street, P.O. Box 710
    Mendota, IL 61342
    P: 815-539-7459
    [email protected]
  • Montgomery Economic Development Corporation

    Charlene Coulombe-Fiore EDFP CEcD
    Executive Director
    200 Webster Street
    Montgomery, IL 60538
    P: 630-897-6748
    [email protected]
  • Mount Carmel Area Economic Alliance

    Ben Ross
    Executive Director & CEO
    P.O. Box 41
    Mount Carmel, IL 62863
    P: 618-262-5446
    [email protected]
  • Pittsfield Economic Development Authority (PEDA)

    Corydon L. Thurston
    Executive Director
    81 Kellogg Street
    Pittsfield, MA 01201
    P: 413-494-7332
    [email protected]
  • Renew Moline Inc.

    Janet Mathis
    Executive Director
    1506 River Drive
    Moline, IL 61265
    P: 309-762-9194
    [email protected]
  • Springfield Office of Planning & Economic Development

    Michael J. Farmer
    800 East Monroe, Room 107
    Springfield, IL 62701
    P: 217-789-2377, ext. 470
    [email protected]
  • Streator Area Chamber of Commerce & Industry

    Stephen Jonland
    Economic Development Director
    320 East Main, P.O. Box 360
    Streator, IL 61364
    P: 815-672-2921
    [email protected]
  • Tinley Park Economic Development

    Ivan Baker, CEcD, AICP
    Director of Economic Development
    16250 S. Oak Park Avenue
    Tinley Park, IL 60477
    P: 708-444-5030
    [email protected]
  • Village of Arlington Heights

    Michael Mertes
    Business & Development Coordinator
    33 S. Arlington Heights Road
    Arlington Heights, IL 60005
    P: 847-368-5220
    [email protected]
  • Village of Bartlett Economic Development

    Tony Fradin
    Economic Development Coordinator
    228 South Main Street
    Bartlett, IL 60103
    P: 630-540-5940
    [email protected]
  • Village of Hoffman Estates

    Kevin Kramer
    Economic Development Director
    1900 Hassell Rd.
    Hoffman Estates, IL 60169
    P: 847-781-2662
    [email protected]
  • Village of Huntley

    Victor Narusis
    Business Recruitment Coordinator
    10987 Main Street
    Huntley, IL 60142
    P: 847-515-5268
    [email protected]
  • Village of Matteson Economic Development

    LaVern Murphy
    Deputy Director of Economic Development
    4900 Village Commons
    Matteson, IL 60443
    P: 708-283-4779
    [email protected]
  • Village of New Lenox

    Nancy L. Hoehn
    Economic Development Director
    1 Veterans Parkway
    New Lenox, IL 60451
    P: 815-462-6416
    [email protected]
  • Village of Park Forest

    Hildy L. Kingma
    Director of Economic Development and Planning
    350 Victory Drive
    Park Forest, IL 60466
    P: 708-283-5622
    [email protected]
  • Village of Schaumburg Economic Development

    Matt Frank
    Economic Development Coordinator
    101 Schaumburg Court
    Schaumburg, IL 60193
    P: 847-923-3853
    [email protected]
  • Village of Wheeling

    John C. Melaniphy, III
    Director of Economic Development
    2 Community Boulevard
    Wheeling, IL 60090
    P: 847-459-2605
    [email protected]
  • Yorkville Economic Development Corporation

    Lynn Dubajic
    Executive Director
    651 Prairie Pointe Drive, Suite 102
    Yorkville, IL 60560
    P: 630-553-0843
    [email protected]