CIEDA

a powerful tool for economic development in central illinois

Tax-free Financing Made Easy
What is CIEDA?

Central Illinois Economic Development Authority

CIEDA is a local economic development tool for Illinois counties: Calhoun, Christian, DeWitt, Greene, Jersey, Logan, Macon, Macoupin, Menard, Montgomery, and Sangamon. This authority offers tax free bond financing for qualifying companies. 

CIEDA is one of ten regional economic development authorities throughout Illinois. Collectively, these RDA’s serve 91 of the 102 counties in Illinois and has been operational for over 20 years. 

Types of Bonds?

DOUBLE TAX-EXEMPT status to a manufacturing company to finance the acquisition of fixed assets including land, buildings, machinery, and equipment.

DOUBLE TAX-EXEMPT status to a Developer, private for-profit or not-for-profit to finance low-income or senior housing projects.

DOUBLE TAX-EXEMPT status on to a NFP 501(c) (3) company to finance the acquisition of fixed assets including land, buildings, machinery and equipment.

 DOUBLE Tax-Exempt status on to a public school district to finance a building project or other capital project. Interest on the bonds is not subject to state or federal income taxes.

Exempt facilities include Docks and Wharfs. The project can include the acquisition of fixed assets including land, buildings, and equipment.

Program allows DOUBLE tax-exempt status to finance the acquisition of fixed assets including land, buildings, machinery and equipment.

Economy Data

Common Industries within the CIEDA Territory

Agribusiness and Agriculture

Agribusiness and Agriculture make up a considerate portion of economic activity throughout the region. 

State Government

State Government operations contribute a considerable portion of the employed workforce in this area.  

Energy Production

Renewable energy has seen an emergence in this territory with the conversion of coal fired generation over into wind and solar sources.  

CIEDA Improves Area Workforce by Supporting New Infrastructure and Job Opportunities

Past Projects

Bond Financing

Hudson-entrance-2

Blackburn College is planning capital improvements to finance a Two Mega Watt solar photovoltaic ground system, and improvements of their athletic facilities and Jewell Hall. The total amount of the bond will be $4,000,000.

Blackburn College is planning to capital improvements and refunding of an existing bond in the total amount of $5,000,000. The College did a $3,800,0000 bond through the Illinois Finance Authority (IFA) not for profit pool.

The Community Health Improvement Center (CHIC) is planning the construction of a new 29,125 square foot facility in Wabash Crossing in Decatur, Illinois. The total project is $5.5 million and will create and retain 78 jobs. 



Does Your Project Qualify for CIEDA Bond Financing?