Illinois Regional Site Readiness Program

The "Illinois Regional Site Readiness Program" is a $40 million funding opportunity from the Illinois Department of Commerce and Economic Opportunity, aimed at supporting infrastructure and capital improvements to prepare industrial and manufacturing sites for economic development across all 10 Economic Development Regions in the state, with individual awards ranging from $250,000 to $3,000,000, and applications open from July 23 to October 21, 2024.

$3,000,000

Closed

Grant Description

The Illinois Department of Commerce and Economic Opportunity (DCEO) is issuing this Notice of Funding Opportunity (NOFO) to support infrastructure and other capital improvements on sites across the state to advance site readiness of properties with industrial and manufacturing economic development potential. The program aims to better prepare sites for industrial development in all 10 Economic Development Regions. The total program funding is $40,000,000, with award amounts ranging from $250,000 to $3,000,000. Applications are open from July 23, 2024, to October 21, 2024.

Funding Details

Award Range

$250,000 - $3,000,000

Total Program Funding

$40,000,000

Number of Awards

Matching Requirement

Yes - Local government and Economic Development Organization (EDO) 20% Non-EDO nonprofit organization 30% For-profit organization and private landowner 50%

Additional Details

No indirect costs allowed. Cost sharing required based on entity type: Local government and Economic Development Organization (20 percent), Non-EDO nonprofit organization (30 percent), For-profit organization and private landowner (50 percent).

Eligibility

Eligible Applicants

City or township governments

County governments

For profit organizations other than small businesses

Nonprofits

Small businesses

Additional Requirements

Eligible sites must be at least 50 contiguous, developable acres or make a 50-acre site more readily developable.

Geographic Eligibility

All

Key Dates

Application Opens

July 23, 2024

Application Closes

October 21, 2024

Contact Information

Grantor

Leslie Barsema

CEO.Sites@Illinois.gov

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