Business Attraction Prime Sites
The Business Attraction Prime Sites grant is a financial aid program for businesses planning to relocate or expand in Illinois, offering $250,000 to $25,000,000 for job creation, infrastructure, and capital equipment projects from September 20, 2021, to June 30, 2025.
Description
The Business Attraction Prime Sites grant aims to support 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 program includes a wide range of economic development projects, such as infrastructure and capital equipment purchases. Eligible applicants include businesses relocating to or expanding operations in Illinois and those receiving confirmation of eligibility for an EDGE, HIB, REV, or MICRO credit. The grant period runs from September 20, 2021, to June 30, 2025. Award amounts range from $250,000 to $25,000,000, with a total program funding of $60,000,000.