Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Annually negotiated income tax credits for Illinois businesses creating or retaining jobs. Credit equals 100% of state income taxes paid by qualifying new employees, reducing the net cost of expanding in Illinois. Available to businesses creating 25+ jobs or retaining 90%+ of workforce.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Minimum 25 new full-time jobs OR retention of at least 90% of existing Illinois workforce
2.Wages must equal or exceed the greater of $33,675 or 120% of poverty level
3.Capital investment commitment required for larger projects
4.Annual credit certificate based on actual jobs and wages each year
5.Apply to DCEO before project commencement; credit term up to 10 years
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).