Illinois Administrative Code
Title 14 - COMMERCE
Part 545 - TECHNOLOGY ADVANCEMENT AND DEVELOPMENT ACT PROGRAMS
Subpart C - ENTERPRISE DEVELOPMENT AND INVESTMENT PROGRAM
Section 545.210 - Purpose

Universal Citation: 14 IL Admin Code ยง 545.210

Current through Register Vol. 48, No. 38, September 20, 2024

The purposes of the Enterprise Development and Investment Program are defined at Section 3001 of the Act. The program primarily targets new and growing Illinois firms. The goals of the program are as follows:

a) provide investments, loans, or qualified security investments to or on behalf of young or growing businesses or, on behalf of new or emerging business through financial intermediaries as they commercialize advanced technology projects; and

b) fund regional technology enterprise development centers that make available resources and expertise in furthering the technical or managerial skills of owners; aid the ventures in locating financing; and help new companies with product development and marketing.

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