NOFO- Regional Site Readiness Program-Capital Ready Grant

Funder: Illinois Department of Commerce and Economic Opportunity (DCEO)

The Regional Site Readiness Program-Capital Ready, initiated by the Illinois Department of Commerce and Economic Opportunity, aims to enhance infrastructure across the state, preparing sites for industrial and manufacturing development. With a total funding of $40 million, awards will range from $250,000 to $3 million, supporting communities to overcome financial barriers and increasing the number of sites ready for future industrial development in all ten Economic Development Regions of Illinois.

NOTE: An entity must be registered in the Grant Accountability and Transparency Act (GATA) Grantee Portal, at the time of grant application. It can take multiple weeks to complete the GATA pre-qualification process.
Notice of Funding Opportunity Intent
The Illinois Department of Commerce and Economic Opportunity (the “Department” or “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.
Program Description
The Regional Site Readiness Program aims to better prepare sites for industrial development in all 10 Economic Development Regions in the state.
Input from community leaders and economic development experts has raised the need for flexible funding to support infrastructure and other capital improvements related to preparing sites for future development.
Purpose of the Program
To support communities and landowners in their site readiness capital improvements
To address financial barriers to construct infrastructure needed to make a site more readily developableTo increase the number of sites ready for future industrial site development
To better prepare sites in all 10 Economic Development Regions for future development
Funding
This grant program is utilizing state capital funds consistent with the purpose of this initiative appropriated by the Illinois General Assembly. Total amount of funding expected to be awarded through this NOFO is $40,000,000. Awards will range $250,000 to $3,000,000. The Department expects to make up to 24 awards though this NOFO.