CSEDC Financial Assistance

CSEDC and partners have generate a list of regional and local resources that support the development.

TAX INCENTIVES

  • Enterprise Zones: Enterprise Zone Investment Tax Credit, Building Materials Sales Tax Deduction, Enterprise Zone Machinery and Equipment/Pollution Control Facilities Sales Tax Exemption, Utility Tax Exemption, Property Tax Abatements, Local Incentives – South Suburbs, South Suburbs Enterprise Zones

  • Tax Increment Financing

  • Cook County Special Assessment Properties: Class 6b, Class 7a and 7b, Class 7c, Class 8, Class C

  • Will County Incentives: Tax Abatement Program

  • Illinois Low Income Housing Tax Credit

FINANCING

  • Bonds

  • Illinois Finance Authority Bond Programs: Industrial Development Revenue Bond Program, Solid Waste Disposal Revenue Bond Program

  • Will Kanake Regional Development Authority Bond Programs: Industrial Revenue Bonds, Taxable Revenue Bonds, Non-Profit Bonds, Environmental Bonds

  • Cook County Bureau of Economic Development Private Activity Bonds Program

  • Loans: Illinois Finance Authority Participation Loan Program, Illinois Department of Transportation (IDOT) Rail Freight Loan Program

  • Southland Community Development Loan Fund: Predevelopment Loans, Acquisition Loans

  • Cook County Bureau of Economic Development Loan Programs: BUILT in Cook Loan Program, BUILT 50-40 Loan Program, Emerging Business Development Loan (EBDL) Program

  • Export Import Bank of the United States

  • Will County - Nicor Gas Energy Efficiency Program

  • New Markets Tax Credits

BRIMPA

SMALL BUSINESS RESOURCES

  • Small Business Administration: Small Business Development Centers, Far South Community Development Corporation, Women’s Business Development Center

  • SBA Financing: SBA Loan Programs, General Small Business Loans 7(a), Microloans, Real Estate and Equipment Loan Program CDC/504, Disaster Loans, SBIC Investments, Surety Bonds,

  • Advantage Illinois: Standard Participation Loan Program, MWDV Participation Loan Program, Revolving Line of Credit Participation Loan Program

GRANTS

  • US Economic Development Administration

  • EPA Brownfields Grants Application Strategies

BROWNFIELDS

  • Voluntary Site Remediation Program: Site Remediation Program Steps

  • Funding Sources: Revolving Loan Funds: Underground Storage Tank (UST) Fund; Cleanup Grants; Loans

  • Land Banks

  • South Suburban Atlas

WORKFORCE

  • Calumet Green Manufacturing Partnership

  • Southworks Engineering and Robotics Olympics

  • Cook County Workforce Partnership Program

  • City Colleges of Chicago Workforce Academy

  • Prairie State College: Department of Corporate and Continuing Education

  • South Suburban College: Business and Career Institute

  • Moraine Valley Community College: Custom Solutions

INDUSTRIAL GROWTH ZONES

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