Business Attraction Prime Sites

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

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.

Eligibility

States
Illinois
Regions
All
Eligible Entities
Small businesses, For profit organizations other than small businesses, Nonprofits, Public and State controlled institutions of higher education, Private institutions of higher education, City or township governments, County governments, State governments
PDF Link

Funding

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

Timing

Posted Date
July 01, 2024
App Status
No Longer 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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