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INCENTIVE DESCRIPTION
| State: | IL |
| Incentive Type: | Cash Grants and Financing Incentives |
| Incentive Title: | Industrial Revenue Bonds |
| Description: | ILLINOIS FINANCE AUTHORITY(IFA)INDUSTRIAL REVENUE BONDS - Allows manufacturing firms to finance the purchase of fixed assets at a low interest rate. May be used for either construction or renovation. |
| Eligibility Requirements: | The Internal Revenue Code defines those businesses eligible to issue IRB's. The minimum amount to be financed is $1.5 million. Bank participation is necessary. A completed Economic Disclosure Statement plus a Volume Cap application must be submitted. |
| Geographic Restrictions: | Statewide |
| Granting Authority: | Illinois Finance Authority(IFA) Board of Directors |
| 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. |
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