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ARTICLE · 28 JULY 2025

Illinois Creates Advancing Innovative Manufacturing (AIM) Tax Credit Program

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Illinois has established a significant new economic development act through the Advancing Innovative Manufacturing (AIM) for Illinois Tax Credit program...

United StatesTax
Grayson Schmidt
Grayson Schmidt

Illinois has established a significant new economic development act through the Advancing Innovative Manufacturing (AIM) for Illinois Tax Credit program, outlined in House Bill 2755, which became Public Act 104-0006 when signed into law by Illinois Governor JB Pritzker on June 16, 2025.1 This legislation represents Illinois' initiative to lead the nation in domestically and internationally demanded goods. AIM intends to strengthen the state's manufacturing sector, kick-starting growth in fast-growing sectors.

The program is a part of Illinois's broader economic development strategy to create good-paying, high-skill jobs, generate long-term economic investment within the Illinois economy, and make vital, modern products. The program is also designed to attract substantial capital investments while supporting both existing manufacturers and companies considering relocation to the state. By offering meaningful tax incentives tied to capital investment thresholds,

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