Making the Most of Credits & Incentives

The Rockford Area Economic Development Council’s (RAEDC) CARE Committee has organized a Credits & Incentives seminar to help regional businesses understand tax credits that are available as well as incentives that may be beneficial to their business.

Working with Baker Tilly and The Business Valued Advisor Fund, FirstPathway Community Development, and Southside Community Optimal Redevelopment Enterprises attendees learned about Federal, State, and Local incentives that can help the business save money.

Almost 100 people attended the event representing 65 companies ranging from service providers such as bankers, financial advisors, lawyers, to those in manufacturing, and even municipalities. If you were not able to attend contact your business partners to learn more about how your company can benefit from these opportunities.

“Meeting with hundreds of business owners has allowed me to understand that many regional businesses don’t know about these opportunities and aren’t taking advantage of these cost-savings measures”, says Gerald (Jerry) Sagona, VP for Business Development with the RAEDC.  

Some of the topics included:

  • New Market Tax Credits
  • Opportunity Zones
  • Foreign Trade Zone
  • HUB Zone
  • EDGE Tax Credits
  • Advantage Illinois
  • Enterprise Zones
  • Rivers Edge Redevelopment Zones
  • Property Assessed Clean Energy (PACE)
  • TIF Districts
  • CDBG Funds

“Organizing seminars such as this provides the opportunity to align the needs and services between business owners and partners, thus increasing the long-term economic well-being of our region”, states Nathan Bryant, President & CEO of the RAEDC.

The RAEDC would like to thank Presenting Sponsor; Baker Tilly and The Business Valued Advisor Fund and Supporting Sponsors; Stillman Bank.