Megasites Development Program

Applications Due: Closed
State
Illinois Department of Commerce and Economic Opportunity

Description

Research and input from economic development experts indicate that there is a shortage of large sites that can be successfully developed in the desired 1-2year time frame. DCEO intends to offer incentives to encourage infrastructure investment in large industrial sites, in order to make such sites viable alternatives for large economic development projects. A grant provided through this opportunity will support site readiness planning activities and infrastructure
investments needed to prepare industrial property to support investment to Winnebago County and new
job opportunities in the industrial sector.
Mandatory requirements:
• Minimum developable acreage: 200
• Eligible entities: Government entity located in Winnebago County that has a documented
agreement with a private entity that meets the following requirements:
o Reflects that the applicant has authority to perform work on at least 200 contiguous acres
of land in Winnebago County
o Reflects that the private entity has an executed REV agreement
o Reflects that the applicant intends to support the private entity's REV agreement through
the project described in the applicant’s application
• Current zoning: Industrial

Eligibility

States
Illinois
Regions
All
Eligible Entities
City or township governments, County governments, State governments
PDF Link

Funding

Program Funding
$3,000,000
Award Ceiling
Award Floor
Award Count

Timing

Posted Date
August 05, 2024
App Status
No Longer Accepting Applications
Pre-app Deadline
Application Deadline
August 21, 2024

Funder

Funding Source
Source Type
State
Contact Name
Leslie Barsema
Contact Email
Contact Phone

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