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Business Attraction Prime Sites Grant

IL DCEO
About the Grant

The intent of this program is to assist companies with large-scale capital investment projects that commit to significant job creation for Illinois residents as they relocate or expand operations within Illinois. Business Attraction Prime Sites grants can encompass a wide range of economic development projects and may include infrastructure and capital equipment purchases that will result in job creation in the state of Illinois.

State and Industry
Ownership Categories
Grant Amount:

Between $250,000 and $25,000,000

Application Deadline:

June 30, 2026

Notes

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This program will provide a state match to companies that have received a Phase I award through a federal SBIR or STTR grant program. The maximum award under this program may not exceed $50,000. Seventy-five percent (75%) of the total grant shall be remitted to the business upon receipt of the SBIR/STTR Phase I award and application for funds. The remaining twenty-five percent (25%) of the total grant shall be remitted to the business upon submission by the business of the Phase II application to the federal funding agency and acceptance of the Phase I report by the federal funding agency. This program is utilizing state funds appropriated by the Illinois General Assembly to the Department of Commerce and Economic Opportunity.

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