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Prime Sites

Competitive Capital Grant Program

Eligibility

  • Approved EDGE, HIB or REV Application
  • Hiring at least 50 new employees AND making a $40 million investment
  • hiring at least 100 new AND making a $20 million investment
  • Operate in one the of the following industries of focus from the 2019 Illinois Economic Plan:
    • Agribusiness and -Ag Tech
    • Energy
    • Information Technology
    • Life Sciences and Healthcare
    • Manufacturing
    • Transportation and Logistics

Benefits

Award amounts for eligible projects will be formula based, and an applicant may apply for a grant of up to $5,000 per new job created. Grants will range from $250,000 to $6 million.