Powers of Authority

Challenges for the Future

The Quad Cities Regional Economic Development Authority (QCREDA) was created by action of the Illinois General Assembly and the Governor. QCREDA is a general development agency for the counties of Rock Island, Henry, Knox and Mercer and is one of only four active regional development authorities within the State of Illinois. The others are located within the Upper Illinois River Valley, Southwestern Illinois and the Will Kankakee area.

The Authority's financial and supportive powers enable it, with the written approval of the Governor of the State of Illinois, to:

Issue Taxable Bonds
Issue Tax-Exempt Bonds
Issue Moral Obligation Bonds
Issue Notes or other evidences of indebtedness

for the purpose of developing, constructing, acquiring or improving properties or facilities for business entities locating in or expanding within the territorial jurisdiction of the Authority.

THE AUTHORITY MAY ALSO:

Acquire
Own
Lease or
Sell real property and improvements.

The Authority has certain powers granted to it as a municipality as authorized by selected sections of the Illinois Municipal Code including the power to enter into contracts and intergovernmental agreements with private bodies or units of government.

QCREDA Legislation -

Adobe Acrobat Required

Quad City Conservation Alliance EXPO CENTER,
Rock Island, IL

For more information contact:

Andrew Hamilton - Executive Director
Quad Cities Office
Quad Cities Regional Economic Development Authority
1830 Second Avenue, Suite 200 Rock Island, IL 61201
Toll Free: 866/325-7525, Fax: 866/325-7569
E-mail: andrewjhamilton@qcreda.com