Enterprise Zone PLP Program is designed to encourage economic development and neighborhood revitalization in Illinois Enterprise Zones.  DCEO can provide below-market subordinated financing to companies located in or expanding in an Illinois Enterprise Zone.  The participation works the same as a conventional PLP, but offers an incentive rate of 200 basis points below index rate on DCEO's portion of financing for variable rate loans, with fixed and adjustable rate loans being comparable with U.S. Treasury notes plus 0-1%. Funds available through these three programs can be used for a number of business activities, such as purchase and installation of machinery and equipment, working capital, purchase of land, construction or renovation of buildings.  Funds cannot be used for debt refinancing or contingency funding.

Eligibility

Any for-profit small business operating in Illinois which has, including its affiliates, fewer than 500 full-time employees, and is located within an Illinois designated enterprise zone, is eligible for participation in this program. 

Enterprise Zone Map