Vermillion Advantage Introduces New Bond Financing Tool

March 7, 2008

Vermillion Advantage hosted a luncheon on March 7, 2008 announcing the Eastern Illinois Economic Development Authority (EIEDA). The Authority was created on July 13, 2005 by Public Act 94-0203. The Authority provides a powerful new financing tool for economic development and has the ability to issue up to $250 million in bonds for economic development purposes. EIEDA is a general development agency for the 10 counties of Champaign, Coles, Douglas, Edgar, Ford, Iroquois, Moultrie, Piatt, Shelby and Vermilion.