Office of Regional Economic Development

The Regional Economic Development (RED) Team is Your One-Stop Resource  

The Illinois Department of Commerce and Economic Opportunity marks the week of May 9th to May 13th, 2022, as Economic Development Week. During this week, we will celebrate and recognize the contributions made by professional economic developers to create more economically vibrant and livable communities throughout the State of Illinois.

To showcase these contributions, the Illinois Economic Development Week 2022 Handbook highlights the public, private and industry coordination that is required to drive business expansion, workforce development and community investment in Illinois. Watch our social media for additional highlights throughout the week and join us on Friday, May 13th for a robust discussion around leading regional economic recovery and growth.

Illinois businesses benefit from the state’s strategic location, world-class transportation and logistics infrastructure, well-educated workforce, major research and higher education assets, and legacy of innovation. To make your selection process quick and efficient, the office of Team RED provides free and confidential services to companies seeking to expand or relocate within Illinois.

Services:

  • Site Selection
  • Customized Workforce Training
  • Regional & Local Collaboration
  • Expedited Permitting, Licensing & Other Approvals
  • Connection to Key Stakeholders and Civic & Business Partners
  • Potential Financial Support

In addition, Illinois offers a highly competitive suite of incentives that may be available, including:

  • Tax Credits Based on Job Creation
  • Enterprise Zones & HIB Designations
  • Tax Increment Financing (TIF)
  • Workforce Recruitment & Training
  • Non-Traditional Loans
  • Roadway, Rail & Infrastructure

 

To help ensure local coordination for your project, the State of Illinois is divided into 10 economic development regions.

Download a copy of the Illinois Economic Development Regional map or the Illinois Economic Development Week Handbook 2022.

 

Statewide Economic Development Contacts

Alyson Grady
Acting Deputy Director 
217.299.8853
Alyson.Grady2@illinois.gov

Contact a member of our Regional Economic Development Team for assistance.

Team RED Office hours

Join DCEO's Regional Economic Development Team as we provide interesting discussions on a variety of topics on the second Thursday of every month at 10 am.  Along with the discussion, we will provide the latest updates on federal and state programs, share information about other resources, and answer any questions you may have. 

May's topic:  FY 23 DCEO Programmatic Updates
Thursday | May 12, 2022 | 10:00 am – 11:00 am
Meeting Link