Business and Economic Development Program - Prime Sites
CSFA Number: 420-45-2234
Agency Name
Department Of Commerce And Economic Opportunity (420)
Agency Identification
20-4
Agency Contact
Justin Heather
312 814 9592
Justin.Heather@illinois.Gov
Short Description
Prime sites grants can encompass a wide range of economic development projects and may include infrastructure, capital equipment purchases and any expenditures that will result in job creation and retention in the state of Illinois.
Subject Area
Economic Development
Program Function
Business and Commerce
Enabling Legislation
20 ILCS 605/55
Objectives and Goals
The goal of the Prime sites program is to provide grant funding opportunities that enhance economic development and provide job opportunities.
Types of Assistance
Non-competitive
Uses and Restrictions
Project must support economic development and costs may be bondable or GRF funded. Bond funded projects may be for bondable costs ,eg, land acquisition, building construction etc. GRF funds may be used for any expenses that promote economic development efforts for job creation and job retention opportunities.
Eligibility Requirements
Applicants must be either a For Profit entity, Non Profit Organization or Government Entity. The funds may be used for bondable economic development activities (land acquisition, facility construction/reconstruction), or GRF funded activities that enhance economic development job creation and or retention efforts in the state of Illinois.
Eligible Applicants
Government Organizations; Nonprofit Organizations; For-Profit Organizations;
Application and Award Processing
Awards are non competitive
Assistance Consideration
NA
Post Assistance Requirements
Successful grant applicants will enter into a written agreement with the Department specifying the terms and conditions of the grant. The agreement will cover such items as the scope of the project, schedule of distribution of Department funds, submission of reports and audits, etc. The amount of the grant award will be commensurate with the requirements of the project. The Director of the Department of Commerce and Economic Opportunity has the final authority to determine the grant amount, and grant conditions
Regulations, Guidelines, Literature
NA
Funding By Fiscal Year
FY 2020 : $500,000
Federal Funding
None
Notice of Funding Opportunities
None
Agency IDGrantee NameStart DateEnd DateAmount
20-204001Illinois Business and Economic Development Corporation07/01/201906/30/20201,500,000
20-204002Illinois Manufacturing Excellence Center07/01/201906/30/2020977,500