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Megasites Development Program

$3,000,000
Closed
Grant 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

Funding Details

Award Range

Not specified - Not specified

Total Program Funding

$3,000,000

Number of Awards

Not specified

Matching Requirement

Yes - 50% match required.

Eligibility

Eligible Applicants

City or township governments
County governments
State governments

Additional Requirements

Eligible Applicants include: 1. Must be a government entity 2. Must be located in and serving Winnebago County 3. Must have a documented agreement with a private entity that meets the following requirements: • Reflects that the applicant has authority to perform work on at least 200 contiguous acres of land in Winnebago County • Reflects that the private entity has an executed REV agreement 3 • Reflects that the applicant intends to support the private entity's REV agreement through the project described in the applicant’s application

Geographic Eligibility

All

Key Dates

Application Opens

July 22, 2024

Application Closes

August 21, 2024

Contact Information

Grantor

Leslie Barsema

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Categories
Business and Commerce
Infrastructure

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