INCENTIVE DESCRIPTION

State:	IL
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	Jobs Credits
Description:	EDGE - ECONOMIC DEVELOPMENT FOR A GROWING ECONOMY: Nonrefundable income tax credit based on tax receipts collected from newly hired and/or retained employees.
Eligibility Requirements:	Development project must add to the export potential of IL, e.g, manufacturing or services exported are acceptable, but not retail trade nor personal services. Must be expansion of exisiting operation or new location. Relocations within IL eligible only if documented and substantiated business reason why current location is inadequate. Capital investment of at least $5 million and must create at least 25 new jobs; or firms with less than 100 employees must make capital investments of at least $1 million and create 5 new jobs.
Geographic Restrictions:	Statewide
Granting Authority:	IL Department of Commerce and Economic Opportunity

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.