Quad Cities Regional Economic Development Authority

QCREDA Bonds

The Quad Cities Regional Economic Development Authority (QCREDA) was created by action of the Illinois General Assembly and is a general development agency for the counties of Henry, Knox, Mercer, and Rock Island. The Authority's powers enable it to issue taxable or tax-exempt revenue bonds on behalf of a company for the purpose of developing, constructing, acquiring or improving facilities within the territory of the Authority. These revenue bonds can be quasi-guaranteed moral obligation bonds of the State of Illinois, that is generally rated by Standard and Poors as an investment grade AA- to A+, which often results in a lower interest rate for the borrower than may otherwise be obtainable if the bonds were rated only on the strength of the company.

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

Midwest communities with urban culture, modern infrastructures and incentives to upgrading existing companies or welcome new enterprise in relocating or outward expansion.

Incentives available through either the state, county or cities may include, TIF Districts, Enterprise Zones, Grants, Property Tax considerations, Sales Tax programs, and low interest loans for qualified projects and companies.