Public Accountability Report Public Accountability Report

2025 Business Development
Mission Statement To ensure that Illinois is at the top of the list when businesses consider locations for expansion and growth. Office staff helps business leaders access programs targeted to meet their needs, from technical assistance to tax credit programs and financing that helps businesses locate and expand in Illinois.
Program Goals and Objectives
  1. To expand employment at existing producers and suppliers in Illinois and attract additional producers and suppliers to Illinois.
    1. To retain employment through current producers and suppliers in Illinois.
      1. Provide access to capital (state and private sector financing) for business growth and expansion and stimulate private investment for new and expanding businesses.
        1. Assist in technical training for Illinois employees.
          Source of Funds General Revenue Fund, State Coronavirus Urgent Remediation Emergency Fund, State Small Business Credit Initiative Fund, Workforce, Technology and Economic Development Fund, Tourism Promotion Fund, Intra-Agency Services Fund, Illinois Capital Revolving Loan Fund, Illinois Equity Fund, Large Business Attraction Fund, Public Infrastructure Construction Loan Revolving Fund Statutory Authority 30 ILCS 750/8, 750/9, 750/10
          Fiscal Year 2026 Target/Projected Fiscal Year 2025 Actual Fiscal Year 2025 Target/Projected Fiscal Year 2024 Actual Fiscal Year 2023 Actual
          Input Indicators
          Total expenditures - all sources (in thousands) $ 2,252,388.3 $ 221,079.0 $ 1,472,468.0 $ 189,499.6 $ 293,777.4
          Total expenditures - state appropriated funds (in thousands) $ 2,252,388.3 $ 211,079.0 $ 1,472,468.0 $ 189,499.6 $ 293,777.4
          Average monthly full-time equivalents 70.0 51.0 48.0 46.0 46.3
          Output Indicators
          Employer Training Investment Program (ETIP) trainees 30,000 30,474 30,000 44,990 27,083
          Local Journalism Sustainability Tax Credit: # Local News Organizations Receiving Tax Credits (a) 70.0 49.0 45.0 0.0 0.0
          Local Journalism Sustainability Tax Credit: Amount of Tax Credits Awarded (in millions) (a) $ 5.0 $ 3.8 $ 3.8 $ 0.0 $ 0.0
          Outcome Indicators
          Projected private investment (in millions) $ 8,900.0 $ 10,353.0 $ 8,900.0 $ 9,170.0 $ 5,100.0
          Market Development- jobs created 5,960 2,866 5,960 6,034 3,073
          Footnotes
          This is a new metric in FY25.

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