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.
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.
Award Range
$250,000 - $3,000,000
Total Program Funding
$40,000,000
Number of Awards
24
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).
Eligible Applicants
Additional Requirements
Eligible sites must be at least 50 contiguous, developable acres or make a 50-acre site more readily developable.
Geographic Eligibility
All
Application Opens
July 23, 2024
Application Closes
October 21, 2024
Grantor
Leslie Barsema
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