Incentives

Lake County Partners facilitates a wide range of incentives for local businesses.

We help you identify and secure federal, state and local resources to help achieve your goals. Lake County Partners staff provide expert support to identify state and local economic development incentives and tax credits for which you may be eligible. We'll help you quantify the value of potential incentives, answer questions about Lake County and/or Illinois regulations and policies and address any issues related to your project. For more information or assistance with the incentive programs below, please contact Bill Whitmer, Vice President of Economic Development, at (847) 247-0137, ext. 224 or via email at wwhitmer@lakecountypartners.com.

1. Business Financing Through Lake County Partners

2. Illinois Department of Commerce & Economic Opportunity (DCEO) Incentives

• Business Development Public Infrastructure Program
• Economic Development For A Growing Economy (EDGE) Tax Credit
• Employment Training Investment Program (ETIP)
• High Impact Business Designation
• Large Business Development Program
• Manufacturer’s Modernization Program
• Participation Loan Program
• Technology Grants and Programs for Businesses

3. Illinois Department of Revenue Incentives

• Investment Tax Credit
• Manufacturers’ Purchase Tax Credit
• Research & Development Tax Credit

4. Illinois Department of Transportation (IDOT) Incentives

• IDOT Economic Development Program (EDP)
• IDOT Rail Freight Program
• IDOT Truck Access Route Program

5. Local Incentives & Financing

• Business Improvement Districts
• Enterprise Zones - Waukegan and North Chicago only
• Job Center of Lake County
• Worker Opportunity Tax Credit
• Welfare to Work Tax Credit
• Lake County Partners CDC 504 Loan Progam
• Lake County Partners CDC 7a Loan Program
• Lake County Partners Industrial Revenue Bond (IRB) Financing Program
• Lake County Property Tax Abatement Program
• Lake County Sales Incentives – Resource Guide
• Tax Increment Financing

Businesses have tangible support in overcoming barriers to locating, operating or expanding operations in Lake County with Lake County Partners.