Section 545.210  Purpose

The purposes of the Enterprise Development and Investment Program are defined at Section 3001 of the Act.  The program primarily targets new and growing Illinois firms. The goals of the program are as follows:

a)         provide investments, loans, or qualified security investments to or on behalf of young or growing businesses or, on behalf of new or emerging business through financial intermediaries as they commercialize advanced technology projects; and

b)         fund regional technology enterprise development centers that make available resources and expertise in furthering the technical or managerial skills of owners; aid the ventures in locating financing; and help new companies with product development and marketing.