Quad Cities Regional Economic Development Authority

The Quad Cities Regional Economic Development Authority (QCREDA) was created by action of the Illinois General Assembly and is a general development agency for the counties of Henry, Knox, Mercer, Rock Island, Carroll, Lee, Whiteside, Jo Davies and Stephenson.

The Authority’s powers enable it to issue taxable or DOUBLE tax-exempt revenue bonds on behalf of a company for the purpose of developing, constructing, acquiring or improving facilities within the territory of the Authority. These bonds often result in a lower interest rate for the borrower than may otherwise be obtainable if the bonds were rated only on the strength of the company.