The Illinois Department of Commerce & Economic Opportunity is inviting applications for the Business Attraction Prime Sites Grant from eligible businesses to create jobs for the residents of Illinois.
Donor Name: Illinois Department of Commerce & Economic Opportunity
State: Illinois
County: All Counties
Type of Grant: Grant
Deadline: Ongoing
Size of the Grant: $250,000 to $10,000,000
Details:
The intent of this program is to assist companies with large-scale capital investment projects that commit to significant job creation for Illinois residents as they relocate or expand operations within Illinois. Business Attraction Prime Sites grants can encompass a wide range of economic development projects and may include infrastructure and capital equipment purchases that will result in job creation in the state of Illinois.
Funding Information
- Grants awarded under this program will range from $250,000 to $10,000,000.
Eligible Expenses
Eligible expenses for these funds include:
- architectural planning and engineering design;
- land and building acquisition;
- costs related to site selection, preparation and improvement;
- utility work;
- new construction of buildings and structures;
- reconstruction or improvement of existing buildings or structures; and
- original furnishings and durable equipment, including scientific instruments and apparatuses with a long useful life
Eligibility Criteria
Eligible applicants include businesses that:
- are relocating to or expanding operations in Illinois,
- received confirmation of eligibility for an EDGE, HIB, REV or MICRO credit within the past six (6) months or has a pending application for the EDGE, HIB, REV or MICRO programs that is ultimately approved,
- for businesses applying for and/or are eligible for EDGE or HIB, are committed to:
- hiring at least 50 new employees that are Illinois residents to work onsite where project is located, AND making a $40 million investment, OR
- hiring at least 100 new employees that are Illinois residents to work onsite where project is located, AND making a $20 million investment1
- are operating in one the of the following industries of focus from the 2019 Illinois Economic Plan:
- Agribusiness and Ag Tech
- Energy
- Information Technology
- Life Sciences and Healthcare
- Manufacturing
- Transportation and Logistics.
For more information, visit Illinois Department of Commerce & Economic Opportunity.
