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Infrastructure Support in Southwestern Illinois

Madison County's Infrastructure Loan Program

The Madison County Infrastructure Loan Program is designed to help Madison County's local governments finance public infrastructure needed to support private-sector economic development or address public health and safety concerns. Specifically, this program provides low-interest loans to local governments for infrastructure projects which: (1) lead directly to private sector investment activities that create or retain permanent jobs for Madison County residents; or (2) effectively address identifiable public health and safety issues in Madison County. The amount of funds that Madison County lends to a local government is based on the public benefits provided by the infrastructure project and the local government's needs and financial condition.

This program can be used for the following types of public improvements: local roads and streets, access roads, bridges, sidewalks, water and sewer line extensions, water distribution facilities, rail improvements, gas and electric utility extensions, and the development or improvement of publicly owned industrial or commercial property.

Under this program, Madison County generally loans the funds to local governments at a 3 percent interest rate for terms between 5-10 years. The exact loan terms depend upon the fiscal capacity of the local government.

Illinois Business Development Public Infrastructure Program

The Illinois Business Development Public Infrastructure Program provides low interest loans and grants for public improvements to local governments on behalf of businesses with expansion or relocation projects that meet program criteria and that demonstrate the greatest potential in the creation and retention of jobs. The infrastructure improvements must be made on public property and must directly result in the creation or retention of private-sector jobs. Funds may be used for a wide variety of public infrastructure improvements including streets, access roads, water and sewer lines, and water and sewage treatment facilities.

Southwestern Illinois Development Authority (SWIDA)

A local government financing program has been developed by SWIDA to assist local governments in the issuance of tax-exempt securities primarily for infrastructure or regulatory compliance purposes. Qualified local governments include counties, municipalities, and special purpose taxing districts whose objectives are to promote and enhance economic development within their communities. Bonds may be issued on both a pooled and a conduit basis.

Illinois Department of Transportation's (IDOT) Economic Development Interchange and Access Road Program

IDOT's economic development program makes funding available for highway improvements that will be a positive force in the location selection process of existing or new industrial and commercial development. Priority consideration for program funding to communities include: the need for the highway improvement and the imminence of development; ability to leverage State construction dollars through participation of other sources; and jobs created or retained in Illinois.

Illinois Department of Transportation's Rail Freight Program

The Rail Freight Program helps to preserve and create access to rail trackage necessary to maintain and expand industry in Illinois. IDOT provides funding to local governments, economic development groups, new and existing industries, agri-businesses, and railroad companies for rail-related projects. Specific project funding examples range from the construction of a rail spur to serve a local industrial park, to the rehabilitation of existing track to serve an existing industrial firm.