Applications Open for EDGE Tax Credit

Posted: October 12, 2017

The Illinois Department of Commerce is pleased to announce that as of today - Tuesday, October 3, 2017 - applications for the new EDGE Tax Credit program are being accepted.

 

As you are aware, EDGE is a critical local economic development tool that incentivizes job creation and helps attract investment to every corner of Illinois. Last month, Governor Rauner signed House Bill 162 to extend the EDGE program through June 30, 2022. The legislation also made important changes to modernize the program to better serve businesses while offering more value to taxpayers.

 

After a thorough review of the new provisions, DCEO has submitted revised rules to the Joint Committee on Administrative Rules (JCAR). This move allows the Department to begin accepting new applications immediately. Please note that any new agreements entered into during the JCAR process will be subject to amendments based on final rule approval. A copy of DCEO's submitted rules can be found on our website.

 

If your company is interested in applying for an EDGE Tax Credit, please reach out to the Department at CEO.EDGE@illinois.gov.

 

Further updates will be provided as the rules process progresses. Thank you for your continued support of the Department.

 

 

Sincerely,

 

Sean McCarthy
Director

Illinois Department of Commerce & Economic Opportunity