GOVERNMENT INCENTIVES
FOR
ILLINOIS BUSINESSES
1994, 1996
Abridged Version
(For the full unabridged edition of this document call 312/726-9700)
by
CHRISTOPHER B. COHEN, ESQ.
Chair,
Government Law Practice Group and
JAMES M. SNYDER, ESQ.
Tax Department
Due to provisions of the Illinois Rules of Professional Conduct,
this Guide is designated as "Advertising Material."
TABLE OF CONTENTS
(Chapter Titles link to content)
City of Chicago Financing
I. Micro Loans
II. Commercial Business Development Loans
III. Short Term Loans
State Loans
I. Public Infrastructure Program
II. Block Grant Loans
III. Small Business Loan Program
Training
I. Industrial Training Reimbursement
II. Employee Training Assistance
Export Assistance
I. Export Offices
II. Illinois Export Finance Partnership Program
III. Foreign Trade Zones
IV. High Impact Businesses
Environmental Assistance
I. Small Business Environmental Assistance Program
II. On-Site Consultation Program
III. Clean Break Program
II. Site Investigation and Remediation Activities
Program
V. Leaking Underground Storage Tank Program
VI. Small Business Financing Options for Environmental
Compliance
Tax Exempt Bonds
I. Private Activity Bonds
II. Industrial Development Bonds (IDB's) For
Manufacturing
III. Federal Empowerment Zones and Enterprise
Communities
Illinois Enterprise Zone Benefits
I. Investment Tax Credit
II. Jobs Tax Credit0
III. Sales Tax Exemption
IV. Utility Tax Exemption
V. Property Tax Abatement
VI. Property Tax Reduction
VII. Other Incentives
Real Estate Tax Benefits
I. Property Tax Reductions
II. Tax Increment Financing Program
Cook County Real Estate Tax Incentive Programs
Illinois Municipalities With Enterprise Zones
Foreign Trade Zones in Illinois
Conclusion
This web page was prepared to inform readers and not to
provide substantive legal advice. For further information or an unabridged print version of this document, or to consider
whether these ideas fit within your business plans, please contact your
attorney or one of the authors.
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