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Illinois
Tax Credit
Rolling
Economic Development for a Growing Economy (EDGE) Tax Credit Program
Illinois Department of Commerce and Economic Opportunity (DCEO)
Funding Amount
Credit = 50% of new-hire withholding tax; 25% for retained jobs; additional 25% in underserved areas; 10% on new employee training costs. Not a fixed dollar range — value depends on payroll/withholding generated.
Corporate income / withholding tax credit
Eligibility
Job creation and capital investment, subject to a "but for" test (project would not occur in Illinois without the credit). Tier I (≤100 worldwide employees): create 5% of worldwide employment or 50 new full-time jobs. Tier I (>100 employees): 10% of worldwide employment or 50 new jobs, plus $2.5M investment. Tier II: 100+ new jobs with $50M+ investment, or 500 jobs retained with $100M investment.
Source & Verification
Source 1: https://dceo.illinois.gov/expandrelocate/incentives/edge.html (accessed 2026-08-01)
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