Grant Opportunity: Business Attraction Prime Sites (Notice of Funding Opportunity 2608-2023)
Funding Organization: Commerce And Econ Opp
Contact: Leslie Barsema (Leslie.Barsema@illinois.gov)
Announcement Type: Modified
Type of Assistance Instrument: Grant
Funding Opportunity Number: 1
Funding Opportunity Title: Business Attraction Prime Sites
CSFA Number: 420-45-2608
CSFA Popular Name: Business Attraction Prime Sites
Anticipated Number of Awards: 130
Estimated Total Program Funding: $60,000,000
Award Range: $250,000 - $25,000,000
Source of Funding: State
Cost Sharing or Matching Requirements: Yes
Indirect Costs Allowed: No

Restrictions on Indirect Costs:
- Section 3 of 30 ILCS 420 the Capital Development Bond Act of 1972
- Section 4 of 30 ILCS 425 the Build Illinois Bond Act
- 30 ILCS 330 the General Obligation Bond Act

Posted Date: 9/20/2021
Application Date Range: 9/20/2021 – 6/30/2024 at 11:59pm

Grant Application Link:
https://dceo.illinois.gov/aboutdceo/grantopportunities/2608-2023.html

Technical Assistance Session:
No

Program Description:
The Business Attraction Prime Sites program aims 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. The grants can be used for a wide range of economic development projects, including infrastructure and capital equipment purchases that will result in job creation in the state.

Eligibility:
Eligible applicants include businesses that are relocating to or expanding operations in Illinois and have received confirmation of eligibility for an EDGE, HIB, REV, or MICRO credit. The applicants must commit to hiring at least 50 new employees who are Illinois residents and making a $40 million investment or hiring at least 100 new employees who are Illinois residents and making a $20 million investment. The program gives priority to businesses operating in high