$40 Million Grant Opportunity to Develop Megasites in Illinois

This article originally ran in the Illinois.Gov on Monday, February 6, 2023. 

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Governor Pritzker today joined state and local leaders, along with the Department of Commerce and Economic Opportunity (DCEO), the Chicago Neighborhood Initiatives (CNI), and Intersect Illinois in Pullman to announce $40 million in Rebuild Illinois Capital Funds to supercharge the development of megasites – large, developed sites ready for occupancy for manufacturers, distribution centers, industrial centers, and more. The competitive grant opportunity is open to governments, private businesses, or non-profits to support site development in order to attract large-scale industrial investments in underutilized areas and former industrial sites.

“Major job creators are consistently looking for investment-ready sites they can get up-and-running in a short amount of time – and Illinois is home to some of the largest such sites in the country, all ripe for fresh development,” said Governor JB Pritzker. “The new Megasites Investment Program grants will help communities innovate their own business attraction efforts and will spur economic development in communities across our great state.”