WIEDA
A Powerful Economic Development Tool
Serving Illinois Counties: Adams, Brown, Cass, Fulton, Hancock, Henderson, Mason, McDonough, Morgan, Pike, Schuyler, Scott and Warren
What is WIEDA?
WIEDA: Western Illinois Economic Development Authority
WIEDA is a local economic development tool for Illinois counties: Adams, Brown, Cass, Fulton, Hancock, Henderson, Mason, McDonough, Morgan, Pike, Schuyler, Scott and Warren. This authority offers tax free bond financing and enterprise zone opportunities for qualifying companies.
WIEDA is one of ten regional economic development authorities throughout Illinois. Collectively, these RDA’s serve 91 of the 102 counties in Illinois and has been operational for over 20 years.
Program Incentives
a peek at the most common WIEDA incentives
Industrial Revenue Bonds
DOUBLE TAX-EXEMPT status to a manufacturing company to finance the acquisition of fixed assets including land, buildings, machinery, and equipment.
Housing Bonds
DOUBLE TAX-EXEMPT status to a Developer, private for-profit or not-for-profit to finance low-income or senior housing projects.
Not-For-Profit Bonds
DOUBLE TAX-EXEMPT status on to a NFP 501(c) (3) company to finance the acquisition of fixed assets including land, buildings, machinery and equipment.
Education Bond
DOUBLE Tax-Exempt status on to a public school district to finance a building project or other capital project. Interest on the bonds is not subject to state or federal income taxes.
Utility Tax Exemption
Program allows companies with large investments and jobs to be eligible for EXPANDED state tax exemptions as incentives to encourage businesses to make a new investment on property.
WIEDA Enterprise Zones
Companies making an investment and creating jobs are eligible for sales tax exemptions on building materials and an investment tax credit.
Economy Data
Common Industries within WEIDA Territory
Health Care & Social Assistance
Health Industry and Social Assistance Programs make up a considerate portion of this local economy.
Manufacturing Industries
Manufacturing operations from production to transportation contribute a considerable portion of the employed workforce in this area.
Farming, Fishing and Forestry
Located between the Illinois and Mississippi Rivers, this territory contains much undeveloped natural land which support.
Improving Area Workforce by Supporting New Infrastructure and Job Opportunities.
Projects
Enterprise Zone & Bond Financing
Harpole’s Heartland Lodge located in Pike County, Illinois is a well known destination for outdoor enthusiasts attracting both local and international tourists. This multi-resort getaway generates annual sales tax, lodging tax and creates new jobs.
CGB has been an innovative and progressive leader in the grain and transportation industries since 1970. The company provides an array of services for grain farmers, from buying, storing, selling and shipping of the crop, to financing and risk management.
Nature’s Grace and Wellness was founded in 2014 by the O’Hern Family as part of the Compassionate Care Act of Illinois. Their Medical Marijuana Grow Center is located down on a family farm in Fulton County, Illinois.