$31.5 Million Available in Round 2 of Illinois Regional Site Readiness Grants

The Illinois Department of Commerce and Economic Opportunity recently announced that $31.5 million in grant funding is available through round 2 of the Regional Site Readiness Program.

The infrastructure grants are aimed at helping communities attract businesses, create jobs, and support community renewal by preparing unused or unsuitable sites, like abandoned factories, for development.

The program offers two funding categories: Planning and Capital Ready. Qualified entities may apply for Planning grants up to $150,000, and Capital Ready grants up to $5 million.

Eligible applicants include local governments, economic development organizations, nonprofit organizations, and private landowners.

Applications will be accepted on a rolling basis through March 31 or until funds are exhausted. To learn more, visit dceo.illinois.gov.