Illinois State Economic Development in Chicago Illinois

Address and phone number for Illinois State Economic Development, an Economic Development Agency, at Ste 855, 111 N Canal St, Chicago IL.

Illinois State Economic Development
Ste 855, 111 N Canal St, Chicago, Illinois, 60606

About the Illinois State Economic Development

The Illinois State Economic Development, located in Chicago, IL, is a government agency that promotes business activity and development in the Cook County area. The Economic Development Agency (EDA) attracts and retains business, promotes development to increase employment and the tax base, and encourages a thriving economic environment in Chicago. The EDA also offers small business support programs and land development programs.

You may contact the Economic Development Office for questions about:
  • Chicago Economic Development programs and services
  • City and community development
  • Job creation, training, and workforce development
  • Cook County Economic Development funds
  • EDA grants and funding
Chicago Business and Workforce Development

The Economic Development Office promotes the Cook County area for business development, highlighting Chicago as a favorable location to do business. The EDA works closely with Cook County Chambers of Commerce and business groups to market the region for business development. To promote business, the EDA creates marketing materials, creates promotional advertising, and organizes Cook County business expos. In addition to business development, the Economic Development Office promotes workforce development through job creation programs and training opportunities.

Land Development Programs in Chicago, IL

In Chicago, the Economic Development Center seeks developers for undeveloped land or areas in need of redevelopment. They market development opportunities and identify obstacles to development, such as site contamination or a lack of funding. The Illinois State Economic Development maintains an inventory of available commercial land and commercial building space in Chicago to match developers, landlords, and business owners with prime locations.

Small Business Support Programs

As part of its business development agenda, the Economic Development Agency offers small business support programs. These programs provide ombudsmen services, support small businesses with licensing and Cook County permitting requirements, and connect small businesses with bidding opportunities for government contracts.

Economic Development Grants & Loans

The Economic Development Office administers Cook County grants and loans. These include Brownfield Redevelopment grants, facade improvement grants, and Cook County public improvement grants. Businesses can also qualify for Cook County loan programs, often with below-market interest rates and less stringent credit requirements than business loans from traditional financing institutions.

Cook County Tax Incentives

In Illinois, the Economic Development Corporation administers tax incentives for businesses that expand or relocate within the jurisdiction. Funding for tax incentives may come from the Illinois state level, the Cook County level, or the Chicago level. The Economic Development Office offers tax incentives or tax abatements on the theory that new businesses or expanding businesses generate job opportunities in Cook County and thus increase the tax base.

Contact the Illinois State Economic Development

You may contact the Illinois State Economic Development by calling 312-353-8143, or by addressing inquiries to the office mailing address: Illinois State Economic Development, Ste 855, 111 N Canal St, Chicago, Illinois, 60606.

Map of Illinois State Economic Development in Chicago Illinois

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