Application Information

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, and Rock Island. The Authority’s powers enable it to issue taxable or 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 revenue bonds can be quasi-guaranteed moral obligation bonds of the State of Illinois, that is generally rated by Standard and Poors as an investment grade AA- to A+, which often results 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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