Business Incentives
Incentives That Drive Investment
From the State of Illinois to individual communities, Ogle County offers numerous incentives for those looking to build and grow.
Ogle County communities, along with the State of Illinois provide a competitive incentive landscape designed to attract new businesses and support the growth of existing employers. OCEDC works with companies and site selectors to identify and package the incentives that best fit each project.
Tax Increment Financing (TIF)
Several Ogle County communities have established TIF districts that capture incremental property tax revenue to fund infrastructure improvements, site preparation, and other development costs. TIF is one of the most powerful tools available for supporting investment in commercial and industrial projects.
Lee-Ogle and Enterprise Zone (LOEZ)
The LOEZ designation provides state sales tax exemptions on building materials, investment tax credits, and other benefits for qualifying projects. The zone covers key industrial and commercial corridors across multiple communities.
State of Illinois Programs
Illinois offers a range of incentive programs through the Department of Commerce and Economic Opportunity (DCEO), including:
• High Impact Business Program — Sales tax exemptions and investment tax credits for large-scale projects
• Advantage Illinois — Participation lending and venture capital programs for small businesses
• Illinois Workforce Development Grants — Training funding to develop skilled workers
• High Impact Business Program — Sales tax exemptions and investment tax credits for large-scale projects
Utility Incentives
Local utility providers, including ComEd and Nicor Gas, offer economic development rates and energy efficiency incentives for qualifying commercial and industrial customers.
Workforce Training
OCEDC coordinates with Sauk Valley Community College and the Illinois workNet system to connect employers with customized training programs, apprenticeship opportunities, and recruitment services.
Contact OCEDC to learn which incentives may apply to your project!