Giving Business the Advantage
By providing entrepreneurs with
a wealth of incentives to open their businesses here,
Illinois enjoys a diverse and potent economy. With small business tax incentives such as Enterprise Zones and other programs, Illinois is devoted to giving its businesses the advantage in today's competitive marketplace.
Learn more about the incentives
and programs offered to business owners right here
in Illinois.
Illinois Entrepreneurship Network Business Information Center
Assistance
Provides individuals and businesses
with access to information and referral assistance
to guide them through the permitting, licensing
and regulatory processes. First-Stop also can link
them to other available resources that can help
them comply with government regulations and enhance
their competitiveness.
High Impact Business Program
Tax Incentive
The purpose of the High Impact
Business Program is to provide tax incentives that
will stimulate large-scale investment and job creation
or retention projects.
Illinois Business and Industry Data Center
Resource
The Illinois Business and Industry
Data Center (BIDC) is a network of 28 local and
regional affiliates, many from colleges and universities,
regional planning commissions, public libraries
and small business development centers, that works
to help entrepreneurs and small businesses easily
access statistical data. Local affiliates deal directly
with small businesses and other end users of data,
while regional affiliates collect and disseminate
information to both end users and local affiliates.
Regional affiliates also prepare quarterly regional
analyses for statewide distribution.
Illinois Enterprise Zone Program
Tax Incentive
The purpose of the Illinois
Enterprise Zone Program is to stimulate economic
growth and neighborhood revitalization at the local
level. This is accomplished through state and local
tax incentives, regulatory relief, and improved
governmental services.
Illinois Technology Enterprise Centers Program (ITECs)
Assistance
Illinois Technology Enterprise
Centers serve technology-based entrepreneurs, innovators
and small businesses by assisting them with critical
business startup and marketing needs. The regional
centers, supported by DCEO, help entrepreneurs locate
pre-seed and early stage financing; help innovators
in high growth and high technology sectors further
their technical and/or managerial skills, and assist
with new product development and marketing, thus
nurturing new venture development in Illinois.
Tax Increment Financing (TIF)
Tax Incentive
Link to the Department of Revenue
website to learn more about the tax increment financing
program. This program distributes state sales tax
collections to municipalities that have TIF districts
for state sales tax, state utility tax, or both
and produced an incremental growth in retail sales
or gas and electricity consumption.
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