The Site Selector mapping tool helps visualize optimum areas for business location in Chicago. Watch this video to learn how it works. Contact us for more detailed info. on business location.

501(c)(3) Bonds

Published on January 12, 2011 - 11:31am

Issued on behalf of qualified businesses that are purchasing or rehabilitating buildings, equipment and land. Proceeds can be used for the purchase of land or building rehabilitation or new construction or purchase of machinery or equipment. Interest on qualified EZ Bonds is exempt from most federal income tax, thereby providing lower interest rates than conventional financing.The city charges an administrative fee, equal to 25 basis points of the par amount of the bonds, which is payable at closing. The minimum fee is $2,500.

Eligible Business Type: 
Office
Industrial
Eligible Business Size: 
0-25 employees
25-100 employees
100+ employees
Administrator: 
City of Chicago
Benefits: 

Up to 100 percent of eligible project costs. Due to issuance costs, IDB issues for less than $2 million may not be cost effective.

Eligibility: 

Any private developer, not-for-profit organization or individual business with an irrevocable letter of credit from a qualified bank may apply. All projects must comply with city and federal regulations associated with the program.

Source: 
City of Chicago

Site Selector (beta)

Site Selector App
Site Selector App
Available incentive programs can be filtered by business size and type below. Or return to the full list of programs, amenities and other mappables ->

Credits: Thanks to the City of Chicago Data Portal for providing many of these map layers, and to Derek Eder for cleaning some of them up. Thanks to Rofo.com for providing the commercial real estate layers. If there are other properties you'd like to see listed you can add them through Rofo.

Disclaimer: The Site Selector app is for estimation purposes only. World Business Chicago makes no representations as to accuracy, completeness, correctness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information. Identified incentive programs are under the exclusive control and administration of the City, County and State respectively. All information is provided on an as-is basis. Please contact us for more information on the best place to locate your business.

This is an area-wide incentive program.

Amenities & Other Mappables
Listings courtesy of Rofo.com are a snapshot of properties available. Please contact us for a full consultation.
Listings courtesy of Rofo.com are a snapshot of properties available. Please contact us for a full consultation.
Areas zoned for commercial and industrial use
Zoned to limit residential development in manufacturing areas in order to maintain real estate prices
Uses tax levies to assist organizations & businesses within designated areas with projects including maintenance, beautification, marketing, advertising, security.
Theaters and performing arts centers
Roads with cycle lanes and other bicycle-friendly paths
Information based on City of Chicago reports. For inquiries please contact Robert Wolf, City of Chicago, 312-744-LAND, robert.wolf@cityofchicago.org.
Information based on City of Chicago reports. For inquiries please contact Robert Wolf, City of Chicago, 312-744-LAND, robert.wolf@cityofchicago.org.
Information based on City of Chicago reports. For inquiries please contact Robert Wolf, City of Chicago, 312-744-LAND, robert.wolf@cityofchicago.org.
Information based on City of Chicago reports. For inquiries please contact Robert Wolf, City of Chicago, 312-744-LAND, robert.wolf@cityofchicago.org.
Public and private
For detailed information visit TransitChicago.com
For detailed information visit TransitChicago.com
For detailed information visit MetraRail.com
For detailed information visit MetraRail.com
Public and private
  • ""