QCREDA

The Best Tax Free Financing Option in Illinois

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

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What We Do

Learn about the Incentives

01.

Industrial Revenue Bond

This bond is exempt from state and federal income taxes. Funds must be used by a manufacturer of tangible goods. Funds can be used to acquire new equipment used in the manufacturing process. 

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02.

Housing Bonds

Housing Bonds include the acquistion of land, buildings and equipment. Because the interest on the bonds is not subject to state or federal income taxes, investors or lenders require a lower interest rate. 

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03.

Not-For-Profit Bonds

This bond passes a DOUBLE tax-exempt status on to a 501 (c)(3) company to finance the acquisition of fixed assets including land, buildings, machinery and equipment.  

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04.

Enterprise Zones

This incentive consists of standard enterprise zones as well as expanded benefits. These incentives are state wide credits and exemptions encourage businesses to make a new investment within the Zone. 

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Rock Island, IL

A Few Words About Us

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 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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This Is Why

You Should Choose Us

Qualified Experts

After 30 years of helping grow local economies throughout Illinois, the QCREDA Authority has the experience to help your business today.

Essential Services

Any business. new or existing, can harness the benefits offered by QCREDA. Can anyone say, Tax Free Financing?

Ease of Use

QCREDA has been described as a "Nimble Issuer". You will enjoy a simple and flexible experience while obtaining all the value.

30 years of Economic Development

30 years is a long time. The QCREDA team has the industry knowledge and professional aptitude to make your dreams a reality. Call us today to learn about the incentives! 

Western Illinois University – Quad Cities, Illinois

Recent Projects

Check out additional projects from businesses who benefited from QCREDA incentives.

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