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Business Assistance
Business assistance, including tax incentives, grants and low-interest-rate loans are available from the JREDC and our partners. In addition, our programs focus on building partnerships, providing confidential support and providing a link between businesses and government entities.
Building Partnerships
A leader in economic development locally, regionally and statewide, the JREDC creates progress by building effective partnerships. We pride ourselves on developing and maintaining the knowledge and critical relationships that allow us to build bridges and capitalize on opportunities that benefit the entire community. Our purpose is to turn challenges into opportunities and create an environment from which all who are here or come here can benefit.
Confidential Assistance
Since the JREDC is a private organization, all assistance to existing or prospective businesses is handled in a professional, confidential manner. When your project involves sensitive information, you can count on the Jacksonville Regional Economic Development Corporation.
Government Linkages
We provide not only confidential assistance, but also act as a liaison and guide to funding sources, government, utilities, real estate and services offered by other agencies.
Top government officials are directly linked to our organization, from the smallest community to the largest city in our service area. In addition, because the JREDC administers the Jacksonville Regional Enterprise Zone, we can help you obtain maximum benefit from state and local incentives which are available by locating in the zone.
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Contact us to find out for what your business qualifies, or read through the programs listed here.
Results
The Ameren Illinois Energy Efficiency Programs provides cash incentives for energy-efficiency upgrades to businesses throughout central Illinois. The Competitive Large Incentive Project (CLIP) through Ameren Illinois can provide your business or organization with the opportunity to receive generous cash incentives and bonus dollars. Also, small...
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Provides gap financing for existing businesses locally, as well as, out of town businesses wanting to locate in Jacksonville. The RLF was established through funds recaptured from Community Development Assistance Program economic development loans.
Created in 2003, the TIF District is a geographic area centered around downtown Jacksonville with many areas falling within the City’s Enterprise Zone as well. The TIF provides funding for redevelopment project costs within its downtown district based on new incremental property tax revenue.
Developers may work with the City of Winchester to take advantage of property tax abatement for their Project. Contact the City of Winchester.
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Illinois Department of Commerce and Economic Opportunity (DCEO) awards up to 30% of eligible system costs up to $10,000 for the purchase and installation of pv or solar thermal energy systems under $50,000 in total cost. Please see the DCEO web site for current program...
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Provides grants to local governments whose population is less than 50,000, to assist with improvements to public infrastructures and for low interest loans to companies which directly support an economic development project benefiting low to moderate income residents. The maximum grant available is $750,000.Learn More
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Economic Development for the Growing Economy is a tax abatement through the State Department of Commerce and Economic Opportunity (DCEO). The incentive provides a corporate income tax credit equal to jobs created times the average wage times the personal income tax rate times ten years...
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Established in 1990 to encompass downtown Jacksonville and the City’s northeast section, the Enterprise Zone was expanded in 2002 to include the industrial area along the Illinois River south of Meredosia. The Jacksonville/Morgan County Enterprise Zone provides property tax abatement on a seven-year sliding scale, exempts sales tax on building materials and offers several income tax incentives.
Provides gap financing and seed money for existing Scott County businesses, as well as, any company wanting to locate in the county. The RLF program was established in 1964 through local investments.
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One of six CDC’s formed as part of the U.S. Department of Commerce & Economic Development Administration pilot program in December 1988. The Tri-County CDC was organized to provide gap financing and seed capital loans to retain and create employment in Morgan, Cass, and Scott counties. It is a for-profit corporation consisting of investors from 12 area banks throughout the region, the city of Jacksonville, the Jacksonville Area Chamber of Commerce, and Illinois Rural Electric Cooperative.
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The program provides guaranteed loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems or to make energy efficiency improvements. Agricultural producers may also apply for new energy efficient equipment and new system loans for agricultural production and processing.
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Created in 2000, the TIF District is a geographic area along U.S. Route 267 and bordered by Interstate 72 within the Village’s limits. The TIF District utilizes new incremental property tax revenue to help pay for infrastructure necessary in hopes of stimulating additional private-sector investment.
WIEDA is a general development agency for the counties of Adams, Brown, Cass, Fulton, Hancock, Henderson, Mason, McDonough, Morgan, Pike, Schuyler, Scott and Warren. The Authority’s financial and supportive powers enable it, with the written approval of the Governor of the State of Illinois, to...
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