By Winnebago County on January 18, 2024
Category: News & Announcements

Board Member John Sweeney appointed to Quad Cities Regional Economic Development Authority

 FOR IMMEDIATE RELEASE:

January 18, 2024

Contact: Danielle Grindle

Phone: (815) 319-4233

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

WINNEBAGO COUNTY, Ill. – Recently, the Winnebago County Board approved the appointment of Board Member John Sweeney (R-20) to the Quad Cities Regional Economic Development Authority (QCREDA). QCREDA is one of ten Regional Development Authorities across the State created by state law as a Special District unit of government. Its primary function is to provide for low-cost tax-exempt bond financing for eligible projects such as small manufacturing, affordable housing, not-for-profit entities such as hospitals, private universities and YMCAs, local government infrastructure, educational facilities, and other special purpose projects.

As current chair of the Economic Development Committee, Sweeney will provide representation of Winnebago County and support our region's priority of economic development efforts.

"It is an honor to serve the people of Winnebago County, and I look forward to working with each of the communities within our county as we seek to improve opportunity and potential for all of our citizens," said Sweeney.

The QCREDA previously consisted of nine counties including Stephenson, Jo Daviess, Carroll, Whiteside, Lee, Rock Island, Henry, Mercer, and Knox, but recently added Winnebago and Boone Counties to the QCREDA. The total Board consists of now 18-members, one each from the eleven counties appointed by the County Board chair and affirmed by the County Board, six appointed by the Governor, and one member representing the Department of Commerce and Economic Opportunity.

The QCREDA also has its own enterprise zone and can offer those benefits to projects that are not otherwise included in an enterprise zone. To discuss specific economic development opportunities with Sweeney, please email This email address is being protected from spambots. You need JavaScript enabled to view it. or contact him at (815) 262-5769 for more information.

###