Illinois EDGE Program

Economic Development for the Growing Economy is a tax abatement through the State Department of Commerce and Economic Opportunity (DCEO). The incentive provides a corporate income tax credit equal to jobs created times the average wage times the personal income tax rate times ten years. Currently, it looks something like this for 2013-2023: =(100*$35,000*0.05*2) + (100*$35,000*0.0375*8) since there is a sunset on the personal income tax rate of 5% at 2015.