Bi-State Regional Commission is designated as an Economic Development
District (EDD) by the U.S. Department of Commerce Economic Development Administration
(EDA). EDA is one of the few federal agencies which include Bi-State's Iowa counties
in one district served by the Chicago regional office. Bi-State, as an EDD, is
responsible for coordinating economic development activities and offers assistance
with regional and community economic development efforts throughout the five-county
region. Communities and counties continually seek ways to increase employment
and improve the quality of life. Staff can provide a variety of information and
resources that may aid economic development activities.
Capital Improvement Programs help decide project needs
and available funding, and include multiple-year plans to accomplish projects.
Comprehensive Economic Development Strategy (CEDS) is an annual report of the economic conditions of the Region. The report
includes updated data and analysis of economic factors, a list of proposed infrastructure
projects, and goals and strategies in support of economic development.
Grant Applications for infrastructure,
public facilities, law enforcement programs, recreation and open space, housing
rehabilitation, economic development projects, and solid waste/recycling.
Grant Management for any type of awarded
project, maintaining compliance with all applicable state and federal guidelines
Data and Information - Bi-State Regional Commission is the one-stop center
for data and information services in the Bi-State region. Our DataGraphics Center
compiles a vast array of up-to-date information related to the five-county region
and the states of Illinois and Iowa. The Center is a federal repository for census
documents and publications. A large store of information describing the socioeconomic
characteristics of the Region (or any part within) is maintained. This type of
information is helpful in attracting new business and assisting business expansion
Regional and Intergovernmental Programs The Revolving Loan Fund (RLF) Program provides
gap financing for business startups or expansions that create or retain jobs.
It is open to businesses in Rock Island and Scott Counties and assists businesses primarily
related to industry, light manufacturing and service industry. The Progress is tied to job creation/retention
with loan terms of $7,500 per job (additional dollars per job may be considered
with high paying job offering generous benefit packages). A 10% equity injection
by the owner along with a personal guaranty. Interest rate as low as 4% below
prime with a minimum of 4% allowed and a term not to exceed 10 years. Total dollars loaned
to date are $8.2 million for 90 transacations creating over 2,800 jobs.
The RLF program targets businesses that cannot obtain full financing because
of conventional interest rates and lending/exposure limits applied by local
lending institutions. It is intended to provide the funds that complete the
financial package by financing the "gap" created by these conditions.
The program offers low interest loans to industrial, commercial, light manufacturing,
retail and service industries for expansion and development purposes. Funds
can be used towards the purchase of fixed assets (land, building and equipment)
and for working capital purposes.