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Economic Development for a Growing Economy Tax Credit Program (EDGE)


Contact:      

Illinois Department of Commerce and Economic Opportunity
Bureau of Business Development
620 E. Adams
Springfield, IL 62701
(217) 524-8449 TTY: (800) 785-6055

 

Website:

http://www.illinoisbiz.biz/dceo/Bureaus/Business_Development/Tax+Assistance/EDGE.htm 

 

Eligibility:

  • The development project must add to the export potential of Illinois
  • The project must be an expansion of an existing operation or a new location
  • Each project must commit to make a capital investment in the state of at least $5 million and must create a minimum of 25 new jobs (excluding recalls, transfers, etc.); or company's with less than 100 employees must make a capital investment of at least $1 million and must create a minimum of 5 new jobs, or the project must meet the investment and job creation, and/or retention requirements as set forth by DCEO
  • The company must demonstrate that if not for the Credit, the Project would not occur in Illinois
  • The cost differential should be identified, using the best available data, in the projected costs for the company's project compared to the projected costs in the competing state, including the impact of the competing state's incentive programs


Employer Benefit:

  • The EDGE program allows a firm to reduce the costs of doing business in Illinois when compared with similar costs in other states where it could have located its operation