NWILED Business Financing Programs Guide
Renovating or constructing buildings for a clean energy economy is expensive, and now these clean energy projects will become more affordable for local businesses after the Illinois Finance Authority PACE Program was established by the Jo Daviess County Board on August 8, 2023, and by the City of Galena on August 14, 2023.
Commercial property assessed clean energy (C-PACE) programs allow businesses to pay off clean energy projects on a long-term basis through voluntarily requested special assessments tied to the property. C-PACE programs aim to spur investment in renewable energy systems and resilient building design. Any privately-owned commercial, industrial, non-residential agricultural, or multi-family (of 5 or more units) property or any property owned by a not-for-profit can take advantage of these new C-PACE programs in connection with the renovations of an existing buildings and new construction, in each case up to 25% of the value of the property.
For more information on the IFA and the IFA PACE Program, including the program's one page application, visit www.il-fa.com. Program contact is Brad Fletcher (firstname.lastname@example.org).
Read NWILED full press release.
Grant & Incentive Resources
- Blackhawk Hills Regional Council
- Illinois Department of Commerce and Economic Opportunity
- Landmarks Illinois
- Small Business Development Center at Sauk Valley Community College
Workforce ResourcesBusiness Employment Skills Team, Inc. (BEST, Inc.) is a non-profit agency that administers federally-funded programs such as Workforce Innovation & Opportunity Act (WIOA) in Bureau, Carroll, Jo Daviess, LaSalle, Lee, Ogle, Putnam and Whiteside Counties. With offices in Oglesby, Ottawa, Dixon, Princeton, Sterling, Oregon, Galena and Mt. Carroll its focus is assisting adults and youth gain meaningful employment through training, job search assistance and work experience.
Reach them at BEST, Inc.
Small Business ResourcesThe Illinois Small Business Development Center (SBDC) at Sauk Valley Community College supports hundreds of businesses, through providing free counseling services and valued assistance to launch dreams, secure financing, and increase profitability.
The Illinois Department of Commerce Office of Entrepreneurship, Innovation & Technology ‘Starting a Business in Illinois" Spanish-language guide.