Bonds

QCREDA Bonds

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. ┬áThese 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.

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Midwest communities with urban culture, modern infrastructures and incentives to upgrading existing companies or welcome new enterprise in relocating or outward expansion.

Incentives available through either the state, county or cities may include, TIF Districts, Enterprise Zones, Grants, Property Tax considerations, Sales Tax programs, and low interest loans for qualified projects and companies.