The Illinois Regional Development Authorities (IL-RDAs) are instrumental in advancing and supporting economic development across the state. They are nimble and flexible, able to provide financing for projects quickly – in as little as two to four months. This is a significant improvement over the traditional six-month timeline.
In addition to offering development incentives, IL-RDAs specialize in bond financing and can provide lower rates than banks or other lenders. This makes them a valuable partner for businesses and organizations seeking to expand or improve their facilities.
The bonds issued by an RDA are “double tax-exempt”, meaning the savings are passed on to the borrower in the form of a lower interest rate!
WIEDA is a local economic development tool for Illinois counties: Adams, Brown, Cass, Fulton, Hancock, Henderson, Mason, McDonough, Morgan, Pike, Schuyler, Scott, and Warren.
This authority offers tax-free bond financing and enterprise zone opportunities for qualifying companies.
Visit: www.WIEDA.com for more information.
CIEDA is a local economic development tool for Illinois counties: Calhoun, Christian, DeWitt, Greene, Jersey, Logan, Macon, Macoupin, Menard, Montgomery, and Sangamon.
This authority offers tax-free bond financing for qualifying companies.
Visit: www.CIEDA.co for more information.
Southwestern Illinois Development Authority (SWIDA) is a local economic development tool for Illinois counties: Bond, Clinton, Madison, and St. Clair.
This authority offers bond financing and enterprise zone opportunities for qualifying projects.
Visit: www.SWIDA.org for more information.
Southern Illinois Development Authority (SIDA) is a local economic development tool for Illinois counties: Alexander, Franklin, Gallatin, Hardin, Jackson, Johnson, Massac, Perry, Pope, Pulaski, Randolph, Saline, Union, and Williamson.
This authority offers bond financing for qualifying companies.
Visit: www.SIDAIL.com for more information.
The Tri-county River Development Authority (TRVDA) is a regional development agency for the counties of Peoria, Tazewell, and Woodford County.
TRVDA offers bond financing for qualifying projects.
Visit: www.trvda.com for more information.
The Quad Cities Regional Economic Development Authority (QCREDA) is a regional development agency for the counties of Henry, Knox, Mercer, Rock Island, Carroll, Lee, Whiteside, Jo Davies, and Stephenson.
QCREDA offers bond financing and enterprise zone opportunities for qualifying projects.
Visit: www.qcreda.com for more information.
The Upper River Calley Development Authority (UIRVDA) is a regional development agency for the counties of Bureau, Grundy, Kane, Kendall, Lake, LaSalle, Marshall, McHenry and Putnam.
UIRVDA offers bond financing and enterprise zone opportunities for qualifying projects.
Visit: www.uirvda.com for more information.
The Will Kankakee Regional Development Authority (WKRDA ) is an economic development agency for the Illinois counties of Will and Kankakee.
WKRDA offers tax-free bond financing for qualifying companies.
Visit: www.wkrda.com for more information.
The Eastern Illinois Economic Development Authority (EIEDA) is a regional development agency for the counties of Ford, Iroquois, Piatt, Champaign, Vermillion, Douglas, Moultrie, Shelby, Coles, and Edgar.
EIEDA offers bond financing for qualifying projects.
Visit: www.eieda.com for more information.
The Southeastern Illinois Economic Development Authority (SIEDA) is a regional development agency for the counties of Clark, Clay, Crawford, Cumberland, Edwards, Effingham, Fayette, Hamilton, Jasper, Jefferson, Lawrence, Marion, Richland, Wabash, Washington County-Irvington Township, Wayne, and White.
SIEDA offers bond financing and enterprise zone opportunities for qualifying projects.
Visit: www.siedail.com for more information.
Bonds issued by an RDA offer better terms and lower rates than conventional financing.
Businesses located in Enterprise Zones have access to additional incentives.
Five of the ten RDAs have their own enterprise zone and can provide traditional enterprise zone benefits for project site locations within the RDA. The RDA enterprise zones seek to supplement the local enterprise zones in territories not covered by other enterprise zones.
A sales tax exemption is permitted on the purchase of building materials to be used on a project site in an Enterprise Zone.
A State investment tax credit of one half percent (0.5%). Qualified investment includes machinery, equipment, and buildings.
A state natural gas use tax exemption is permitted on the purchase of natural gas from a third party.
For certain large projects, a State utility tax exemption on the 5.1% natural gas, and telecommunication excise tax is available to businesses.
For certain large projects, a State sales tax exemption on all tangible personal property used or consumed within an enterprise zone.
with 20 years of issuance experience
Illinois Enterprise Zone Changes for 2022. Please take note of the following changes to take effect on January 1st, 2022. P.A. 102-0108 clarifies that the Illinois Enterprise Zone Act authorizes a total of 97 enterprise zones to be in existence at any given time under the Act, other than those authorized.
If you’re buying bonds, you know they’re an investment vehicle. But what’s the actual process behind purchasing one?
The RDAs are authorized to issue tax-exempt bonds for eligible projects such as small manufacturing, affordable housing, non-profit entities, educational facilities, local government infrastructure, and certain environmental projects.
Cannabis dispensaries and growing facilities can potentially qualify for state tax-exempt bond financing and enterprise zone benefits where available.
established in 1985, the Illinois-RDAs have had a significant economic impact to incent investment, job creation and retention, and economic development within their regions and for the State as a whole.