EDC - Sites, Buildings, Statistics, and Development for Central Illinois

Heartland Capital Network

The Heartland Capital Network is a collection of programs geared to meet the financing needs of business ventures in the Illinois Heartland.

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Tri County Venture Capital Fund is one collective Venture Capital fund that may invest as a unit in various local ventures. Investors that meet certain Fund criteria may join the fund and benefit from the opportunity to invest money in local ventures. Local businesses profit from the opportunity to acquire venture financing locally.

Heartland Angel Network represents an additional investment opportunity for the region. Angel Investment involves companies directly placing cash into a company in exchange for stock or ownership in the company. The Angel Network is an inventory of the various individuals or companies throughout the area that are interested in investment opportunities of various types.

Heartland Venture Capital Network represents opportunities for investment partners outside the immediate tri-county area. Different VC funds are customized for different types of businesses. To suit the varying needs of our local businesses, EDC is developing and maintaining a network of Midwest VC firms whom we have identified as potential investors in local projects.

Heartland Finance Network represents many of the tried and true finance resources the EDC has been utilizing to help companies for years. Venture capital and Angel investment only represent one end of the financing spectrum. Traditional bank financing is another part of the spectrum. This network of contacts will serve as potential partners for local businesses that need more traditional financing solutions.

Heartland Finance Programs consists of grand and loan resources including local, state, and federal financing options in addition to Small Business Administration, Illinois Financial Authority, and other federal funding opportunities.

Heartland Community Development Corporation works to strengthen Central Illinois communities by supporting sustainable enterprises and serving as an investor in various projects throughout the region. The Heartland CDC is a consortium of local banks and businesses that have invested in the CDC. The CDC is then able to invest in various projects including community development, start-up business financing, or expansion/relocation projects. Previous projects have included O’Brien Stadium, the Ashley HomeStore, and the Coyote Creek development projects.