Business Attraction Prime Sites

$250,000 - $25,000,000
Applications Due: June 30, 2025
State
Illinois Department of Commerce and Economic Opportunity

This program provides financial support for large-scale projects in Illinois that create significant job opportunities and require substantial capital investment in key industries like manufacturing, IT, and healthcare.

Description

The Business Attraction Prime Sites Grant, managed by the Illinois Department of Commerce and Economic Opportunity (DCEO), supports large-scale capital investment projects that create significant job opportunities in Illinois. The program provides grants ranging from $250,000 to $25 million, funded through state resources. Applicants must commit to substantial job creation and capital investments, with specific criteria tied to various program tiers, such as EDGE, HIB, REV, and MICRO.

Eligibility requires applicants to create a minimum of 40 new jobs and invest $40 million or create 100 jobs with a $20 million investment. Applicants must operate in key industries, including manufacturing, agribusiness, IT, energy, and healthcare. Projects must align with state economic plans and exclude activities such as operational expenses, temporary facilities, or warehouse construction.

Applications must be submitted online by June 30, 2025, with funds distributed in phases: 50% upon approval of initial expenditures and the remainder after all expenditures, including matching funds, are verified. Proposals are scored based on need, capacity, quality, and economic impact. Projects failing to meet job creation or investment commitments may face grant clawbacks.

Applicants must register in the GATA Grantee Portal, ensure compliance with state regulations, and meet matching fund requirements. Reporting and monitoring are mandatory throughout the project’s duration. Interested entities can apply via the designated online portal and contact DCEO for additional guidance.

Eligibility

States
Illinois
Regions
All
Eligible Entities
Nonprofits, County governments, City or township governments

Funding

Program Funding
$60,000,000
Award Ceiling
$25,000,000
Award Floor
$250,000
Award Count
130

Timing

Posted Date
November 19, 2024
App Status
Accepting Applications
Pre-app Deadline
Application Deadline
June 30, 2025

Funder

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