Economic Development

Development Incentives:

Eureka has extensive contacts and experience with the various development programs available through state and federal agencies. These programs include loans, grants, assistance with infrastructure, employee training and credits

1.    Revolving Loan Fund Programs.

The City of Eureka and Woodford County, in cooperation with the area banks, each administer a 5%, 5-year loan program to encourage business acquisition, expansion and start-up.

2.Funding Sources

  • Department of Commerce & Community Affairs
  • Illinois Business Financial Services
  • Illinois Department of Transportation
  • Illinois Development Finance Authority
  • Illinois Environmental Protection Agency
  • Illinois Facilities Fund
  • Illinois State Treasurer
  • Small Business Administration
  • USDA Rural Development

3. Employee Training Programs

  • Industrial Training Program Grant
  • Adventure/Challenge, Team Building Program Fee based. 

*Located in Eureka.

4. Banks serving Eureka

  • Eureka Community Bank  309-467-2331
  • Goodfield State Bank 309-467-2747
  • Heartland Bank & Trust 309-467-2391
  • CEFCU Eureka Member Center 309-467-3640

5. Peripheral Business Services

  • Workforce Development Office
  • Service Corps of Retired Executives, (SCORE)
  • Small Business Development Center
  • Illinois Central College (10 miles) offers Business Workshops and Curriculum
  • Peoria Area Labor Management
  • And many more may be customized to your needs.
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