Mid-Illinois
Collaborative

Bloomington • Champaign • Decatur • Peoria • Springfield

Mid-Illinois
Collaborative

Bloomington • Champaign • Decatur • Peoria • Springfield

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DE&I Statement

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DE&I Statement

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Regional and City Rankings

Illinois stands tall as a powerhouse in the world economy, and with its strategic location, robust infrastructure, and diverse industries, the Land of Lincoln has cemented its position as a top contender in many economic areas.

#1 Metro for New and Expanding Companies

(Site Selection Magazine)

#1 Midwest State for Business Creation

(U.S. Bureau of Labor Statistics)

#3 U.S. Location for Corporate Expansion/Relocations

(Site Selection Magazine)
#4 State for Digital Infrastructure (Business Facilities) 5th Highest GDP in the Nation (U.S. Census Bureau)

18th Largest Economy in the World

(Bureau of Economic Analysis)

Tax Credits

Incentives and Tax Credits

Local and regional tax incentives provide financial advantages that stimulate business activity, attract new companies, and retain existing ones. By reducing the tax burden on businesses, local and state governments aim to create a favorable environment for innovation and prosperity. These incentives and tax credits are tailored to the specific needs of our area, taking into account the unique economic landscape.

Economic Development for a Growing Economy Tax Credit Program (EDGE)

Illinois’ EDGE program provides annual corporate tax credits to qualifying businesses that support job creation, capital investment and improve the standard of living for all Illinois residents. Initial qualification criteria require certain job creation and project investment requirements.

Data Center Investment Tax Exemptions and Credits

The data centers investment program provides owners and operators with exemptions from a variety of state and local taxes for qualifying Illinois data centers. The program also provides data center owners and operators with a tax credit of 20% of wages paid for construction workers for projects located in under-served areas.

High Impact Business Program (HIB)

The program supports large-scale economic development activities by providing tax incentives (similar to Enterprise Zones) to companies that make substantial capital investments in operations and create or retain an above-average number of jobs. Businesses may qualify for: investment tax credits, a state sales tax exemption on building materials and/or utilities, a state sales tax exemption on purchases of personal property used or consumed in the manufacturing process, or in the operation of a pollution control facility.

Illinois Apprenticeship Education Expense Tax Credit Program

Effective January 1, 2020, employers are allowed a tax credit for qualified educational expenses associated with qualifying apprentices. Employers may receive a credit of up to $3,500 per apprentice against the taxes imposed by subsections (a) and (b) of Section 201 of the Illinois Income Tax Act, and an additional credit of up to $1,500 for each apprentice if (1) the apprentice resides in an underserved area or (2) the employer’s principal place of business is located in an underserved area.

Enterprise Zones

The Illinois Enterprise Zone Program offers state and local tax incentives, regulatory relief and improved governmental services. Businesses located or expanding in an Illinois enterprise zone may be eligible for the following incentives: an exemption on the retailers’ occupation tax paid on building materials, an investment tax credit of .5 percent of qualified property against state income tax, and local property tax abatement.

  • Decatur & Macon County
  • Springfield & Sangamon County
  • Champaign County
  • Bloomington-Normal
  • Greater Peoria Region

Introduction block heading

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Example heading

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Champaign County

  • Population: 209,999
  • Median Age: 29.58
  • Labor Force Size: 110,718
  • Household Median Income: $51,342
  • Commute time: 17 minutes
  • Higher Education:
    • University of Illinois Urbana-Champaign
    • Parkland College

Springfield & Sangamon County

  • Population: 194,734
  • Median Age: 40.8
  • Labor Force Size: 99,950
  • Household Median Income: $68,466
  • Commute time: 19.6 minutes
  • Higher Education
    • University of Illinois Springfield
    • Lincoln Land Community College

Greater Peoria Region

  • Population: 389,000
  • Median Age: 29.58
  • Labor Force Size: 180,000
  • Household Medium Income: $55,949
  • Commute time: 17.5 minutes
  • Higher Education:
    • Bradley University
    • Illinois Central College

Bloomington-Normal

  • Population: 170,954
  • Medium Age: 31.7
  • Labor Force Size: 95,173
  • Household Medium Income: $66,130
  • Commute Time: 18.1 minutes
  • Higher Education
    • Illinois State University
    • Illinois Wesleyan University
    • Heartland Community College

Decatur & Macon County

  • Population: 102,432
  • Medium Age: 41.5
  • Labor Force Size: 46,850
  • Household Medium Income: $46,807
  • Commute Time: 18.3 minutes
  • Higher Education:
    • Millikin University
    • Richland Community College

Tuscola

  • Population: 4,654
  • Median Age: 38.9
  • Labor Force Size: 2,285
  • Household Medium Income: $68,019
  • Commute Time: 20 minutes

Community. Opportunity. Entertainment.

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#1

Midwest State for Business Creation

US Bureau of Labor Statistics

#3

U.S. Locations for Corporate Expansions and Relocations

Site Section Magazine

#1

Soybean Producing State and #2 Corn Producing State

Illinois Farm Bureau

Sustainability as part of our SMART future infrastructure

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Mid-Illinois Collaborative Newsroom

  • Addressing Workforce Shortages in Healthcare, Manufacturing, and Distribution

    Addressing Workforce Shortages in Healthcare, Manufacturing, and Distribution

    Employers in our region face challenges like unfilled job openings and upskilling employees. We conducted a survey a year ago, and now we’re launching a pilot program to address these needs in partnership with the Illinois Department of Commerce. Kim Kuchenbrod, a U.S. Chamber of Commerce Talent Pipeline Management Fellow, will lead efforts in healthcare,…

    Read more

  • PR: Heart of Illinois Regional Port District Convenes 1st Annual Illinois Waterways Ports Meetings in Peoria

    PR: Heart of Illinois Regional Port District Convenes 1st Annual Illinois Waterways Ports Meetings in Peoria

    Peoria, Illinois, August 31, 2023— The Heart of Illinois Regional Port District (HIRPD) recently hosted the inaugural meeting of the Illinois Waterway (ILWW) Ports Commission, a crucial gathering following the enactment of the Illinois Waterway Ports Commission Act. The ILWW Ports Commission, among the top 25 bulk cargo ports in the U.S., has seen a…

    Read more

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