Incentives and Tax Credits

The Illinois Angel Investment Tax Credit Program encourages investment in innovative, early-state companies to help companies obtain working capital needed to grow in Illinois

The Data Centers Investment Program provides owners and operators with exemptions from a variety of state and local taxes for qualifying Illinois data centers

The EDGE Program provides annual corporate tax credits to qualifying businesses to help create jobs, investment and training programs in Illinois

The Illinois Enterprise Zone Program stimulates economic growth and neighborhood revitalization in economically depressed areas of Illinois through state and local tax incentives, regulatory relief and improved governmental services

The Illinois Film Office, located in the Illinois Department of Commerce & Economic Opportunity, offers a 30% tax credit to film in Illinois

Projects that invest $12 million and create 500 full-time jobs or invest $30 million and retain 1,500 full-time jobs may be eligible for tax credits to help expedite their growth

Illinois Opportunity Zones provide an incentive for investors to invest in areas that need investment to help create jobs and investment

The River Edge Redevelopment Zone Program helps revive and redevelop environmentally challenged properties adjacent to rivers in Illinois

River Edge Historic Tax Credit Program provides state income-tax credit equal to 25% of a project’s qualified expenditures to owners of certified historic structures

The Department posts information about EDGE incentive awards within ten business days of execution of the EDGE agreement

Effective January 1, 2020, employers are allowed a tax credit for qualified educational expenses associated with qualifying apprentices

Assists companies with large-scale capital investment projects that commit to significant job creation for Illinois residents