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Illinois
Tax Credit
Rolling
High Impact Business (HIB) Program
Illinois Department of Commerce and Economic Opportunity (DCEO)
Funding Amount
Bundle includes investment tax credits, a potential construction jobs credit, and state sales tax exemptions on building materials/utilities and on manufacturing/pollution-control equipment purchases. No single flat dollar figure — value depends on the specific project.
Investment tax credits plus sales tax exemptions (bundled incentive package)
Eligibility
Minimum $12 million investment creating 500 full-time jobs, OR $30 million investment retaining 1,500 full-time jobs, at a designated Illinois location outside an Enterprise Zone. Expanded eligible categories include electric generation facilities, coal operations, wind/solar energy facilities, Grocery Initiative Act-eligible stores, battery storage facilities, and high-voltage direct current converter stations. Must apply and be certified before project commencement, including before purchasing building materials.
Source & Verification
Source 1: https://dceo.illinois.gov/expandrelocate/incentives/highimpactbusinessprogram.html (accessed 2026-08-01)
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