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JOB CREATION

peopleworking_5Business Incentive Program in Marengo
Agency City of Marengo
Program Description Property tax abatements, sales tax rebates and fee waivers for locating or expanding operations in Marengo. Investment in real property also required.
Funding Range Varies
Eligibility Any business in Marengo

Small Business Jobs Tax Credit
Agency State of Illinois
Program Description A tax credit program to encourage the hiring new full-time positions.
Funding $2,500 per job
Eligibility Business with fewer than 50 employees. Jobs must be created between now and June 30 2010.

Economic Development for a Growing Economy
Agency Illinois Department of Commerce and Economic Opportunity
Program Description A tax credit program to encourage companies to locate or expand operations in Illinois where there is active consideration of a competing location in another state.
Funding Range Varies by project
Eligibility Qualified businesses who is seriously considering locating in another state.

Large Business Development Program
Agency Illinois Department of Commerce and Economic Opportunity
Program Description The LBDP program is designed to provide grants to businesses undertaking a major expansion or relocation project that will result in substantial private investment and the creation and/or retention of a large number of Illinois jobs.
Funding Range Job creation and retention dependent
Eligibility Large business, Land Acquisition, Construction Assistance.

 

Employ Illinois: Job Creation
Agency Illinois State Treasury
Program Description Employ Illinois loans are used to acquire land, purchase equipment, provide working capital, buy inventory or make capital improvements. Employee benefits costs associated with new jobs created may now be included along with payroll costs.
Funding Range Up to $1 million; Possible for 3 year extensions under economic hardship
Eligibility Eligible small businesses

 

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