Investor Presentaiton
Eligibility Requirements for Businesses
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Principal place of business must be in Illinois
At least 51% of the employees employed by the business must be located in Illinois
Employee is defined as any founder, FTE or FTE equivalent.
Must have the potential for increasing jobs in Illinois, increasing capital investment in Illinois, or both
Must be principally engaged in innovation in a qualifying sector as defined in the statute OR undertaking pre-commercialization
activity related to proprietary technology that includes one of the following:
Conducting research
Developing a new product or business process
Developing a service that is principally reliant on applying proprietary technology
Must have fewer than 100 employees
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Must not be principally engaged in a disqualifying sector as defined by statute
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Must have been in operation in Illinois for not more than 10 consecutive years
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Must have received not more than $10,000,000 in aggregate investments to date
Must agree to maintain a minimum employment threshold (at least 51% of the business' employee positions in Illinois and at least
75% of the business' employee positions created following a receipt of an investment located in Illinois) for 3 years from the date of
the last tax credit certificate issued for an investment into the business
10. Must have received not more than $4,000,000 in investments that qualified for tax creditsView entire presentation