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SIDA Industrial Revenue Bond Financing.

SIDA can issue double tax-exempt industrial revenue bonds for qualifying manufacturing capital projects in Randolph County.

Offered bySouthern Illinois Economic Development Authorityverified 2026-07-10

Overview

What it does.

The bond structure finances fixed assets for manufacturers within SIDA's territory. A lender must support the financing, at least 75% of proceeds must relate directly to manufacturing, and early expenditures may be ineligible.

Best for: A substantial Chester manufacturing facility, land, rehabilitation, or equipment project needing long-term capital financing.

Eligibility

Who and what may qualify.

Eligible applicants

  • Manufacturers of tangible goods locating or expanding capital improvements within SIDA territory

Applicants excluded by the source

  • Projects outside SIDA territory
  • Businesses that do not meet the manufacturing and bond requirements

Eligible uses

  • Manufacturing plant construction
  • Land acquisition
  • Qualifying acquisition and rehabilitation
  • New manufacturing equipment

Uses excluded by the source

  • Expenditures made too early to qualify
  • Primarily ancillary office or warehouse uses beyond program limits

Application

How to start.

  1. Contact SIDA before spending project funds or finalizing financing.
  2. Secure a participating lender and assemble project, ownership, financial, and use-of-proceeds information.
  3. Submit SIDA's bond application and required fee for board review.

Timing: Applications are reviewed by SIDA's board; contact SIDA well before incurring costs.

Planning notes

Limits to account for.

  • At least 75% of proceeds must be directly related to manufacturing.
  • Capital expenditures in the project city generally cannot exceed $20 million over the defined 6-year period, except with a lease.
  • The project must be in SIDA territory.
  • Costs incurred more than 60 days before initial approval may be ineligible.
  • SIDA publishes a $2,000 application fee, an 80-basis-point issuance fee for private-entity issues, and additional professional costs.

May be paired with eligible tax credits or other financing only after legal, tax, and lender review.

Evidence

Official sources.