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Business Report: Illinois Leaders Form Non-Profit to Spur Job Creation

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The ILBEDC will not replace the Illinois Department of Commerce, which will maintain key functions, including federal program administration and final authority and oversight of all state grants and incentives negotiated by the ILBEDC. and Grundy Center, Iowa. The ILBEDC is a private organization seeking 501(c)(3) status.

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State by State Incentives Guide

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The terms are negotiated specific to each firm’s individual needs and situation with a maximum limit of 3% of Capital Expenditures. High Impact Performance Incentive: A negotiated grant used to attract and grow major high impact facilities in Florida. For more information visit [link] or contact Bernice Whaley , Deputy Director.

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STATE INCENTIVES GUIDE

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Lenders negotiate their own fees and the USDA charges 2 percent of the guaranteed amount as a one-time fee. HIGH IMPACT PERFORMANCE INCENTIVE GRANT (HIPI): A negotiated grant provided to pre-approved applicants in certain high-impact sectors designated by the Governor’s Office of Tourism, Trade and Economic Development (OTTED).

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