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Financing Growth All Over Illinois

The Illinois Finance Authority (IFA) provides expert, hands-on support to help businesses get the capital they need for growth. To strengthen Illinois businesses and the State’s economic development agenda, the IFA provides access to low-cost, non-conventional financing, through banks and other sources. IFA secures financing for farms, industries, businesses, local governments, hospitals and other non-profits. The agency is continually seeking new opportunities to grow businesses that retain and create jobs in Illinois. We invite developers, financiers, and community partners to explore this website and contact us to see how IFA can help.

Public Notice of Scheduled Meetings for Fiscal Year 2012

Guidelines for Public Comment

Board Meeting

Tuesday, June 12, 2012
10:30 a.m.
Conference Center
One Prudential Plaza
130 East Randolph Street, 7th Floor
Chicago, Illinois 60601

Committee Meetings

Healthcare Committee Meeting - Monday, June 4, 2012

Agriculture Committee Meeting - Tuesday, June 5, 2012

TEFRA Hearing

Friday, June 8, 2012
9:00 a.m.
Conference Room
500 East Monroe Street, 11th Floor
Springfield, Illinois 62701

Rural Business Disaster Relief Loan Program

In participation with the Rural Development Administration’s Intermediary Relending Program, the Illinois Finance Authority will provide financial relief to Illinois businesses located in rural communities with populations of less than 25,000 that have been impacted by 2012 weather – related events in Williamson, Gallatin and Saline counties. Loan proceeds may be used to finance the purchase of land, construction or renovation of an industrial or commercial building or purchase of machinery and equipment.

Program Summary

Application in PDF Format

Application in Word Format

Press Release

New Tools for Growth

Midwestern Disaster Area Bonds

Midwestern Disaster Area Bonds authorized by the Federal government are a money-saving incentive for certain commercial, industrial, manufacturing, retail and public utility projects that help restore jobs and repair damage related to 2008 flood damage in these troubled regions. Projects in 18 counties are eligible for this reduced-rate capital.

Qualified Energy Conservation Bonds

QECBs are qualified tax credit bonds. With tax credit bonds, generally the issuer of the bond pays back only the principal of the bond, and the bondholder receives federal tax credits in lieu of the traditional bond interest.

New 2012 Aggie Bond Limits!

For calendar year 2012, the maximum Beginning Farmer Loan Program loan amount increases to $488,600.

For more information, please visit the Beginning Farmer Bond Program page for all eligibility requirements. If you have any questions, please contact Lorrie Karcher, Program Administrator, at 618-244-2424.

Message from the Executive Director

Read monthly messages from Executive Director Christopher B. Meister to the IFA's Board of Directors.

farmland

May 8, 2012 Message

April 10, 2012 Message

March 13, 2012 Message

February 14, 2012 Message

January 10, 2012 Message


Speech by the Executive Director

On May 9, 2012, Executive Director Christopher B. Meister addressed the City Club of Chicago. He talked about the fiscal stability of our State, the value IFA has added to Illinois’ economy and the opportunities that lay ahead of us.

Watch Speech | Read Speech | View Presentation

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