The Illinois Department of Commerce and Economic Opportunity (the “Department” or “DCEO”) is soliciting applications to support capital building improvements, infrastructure costs, and the acquisition of machinery and equipment related to an expansion by an electric vehicle component manufacturer located in McLean County.
Donor Name: Illinois Department of Commerce and Economic Opportunity
State: Illinois
County: McLean County (IL)
Type of Grant: Grant
Deadline: 08/21/2025
Size of the Grant: More than $1 million
Grant Duration: 1 Year
Details:
The goal of this program is to support the expansion of electric vehicle component and vehicle manufacturing in McLean County. Eligible applicants must have an existing Reimagining Energy and Vehicles in Illinois (REV) Tier 1 program executed agreement with DCEO.
Funding Information
$2,375,000.
Grant Period
The period of performance is expected to be September 1, 2025 through August 31, 2026.
Eligibility Criteria
Eligible applicants must be a business entity:
- Located in McLean County
- Holder of an executed REV Tier 1 program agreement
- In top 20 of global suppliers ranked by sales of original equipment parts in 2024 as ranked by Auto News.
For more information, visit DCEO.
