Illinois Governor Announces $16.5 Million in Economic Development Grants

Illinois Governor Announces $16.5 Million in Economic Development Grants

Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) have announced $16.5 million in Rebuild Illinois capital grants that have been awarded to fuel continued economic development across the state. 

Illinois Department of Commerce & Economic Opportunity states that the grants will be provided for 11 new projects that will unlock a total $75.5 million investment and create at least 1,465 jobs statewide.

 

"These projects are focused on supporting key, long-term economic development priorities for our state - and doing so with an eye for boosting investment in communities that previously were too often overlooked. I'm proud that $16.5 million in state funding will create nearly 1,500 jobs across the state through our Rebuild Illinois Regional Economic Development program. These local investments are yet another milestone on our journey toward the Illinois we're committed to building - where no resident is left behind."

Governor of Illinois | JB Pritzker

 

This is all part of the Governor's 5 year plan for economic growth and will create jobs, boost investment in underserved communities, and leverage growth in regional industry clusters.

Lieutenant Governor Juliana Stratton stated that the RIRED program is a model for the nation and illustrates how collaborative action can create new jobs and improve economic development in underserved communities.

The average grant size awarded is $1.5 million and all projects focused on supporting key economic development priorities for the state - including quality of life enhancements and job creation derived through major public works projects, roadway construction and development of brand new community resources, including recreation programming in LaSalle County, a business incubator in Chicago, and a new medical center serving Jefferson County.

Projects selected for grants include the following:

 

 - Bourdeau-Griffin Interiors & Architectural Supplies, Inc., Chicago - Business Hub and Development Center - $1,901,518

 - City of Effingham - Street expansion/water & sewer improvements to serve expansion of manufacturing facility - $1,464,019

 - City of Geneva - New Electrical Substation in preparation for industrial development of adjacent properties - $1,270,017

 - City of Monmouth - Municipal Water System Upgrades in support of expansion and modernization of business - $2,000,000

 - City of Quincy - Quincy Regional Barge Dock Improvements to elevate above flood stage - $743,200

 - Naperville Heritage Society, Naperville - New Visitor Center & Exhibition at Naper Settlement Museum - $765,000

 - New Med Diagnostics, Jefferson County - New Medical Facility - $1,615,366

 - Omni Ecosystems, Chicago - Green Infrastructure and business incubator - $2,000,000

 - Ottawa Young Men's Christian Association, Ottawa - New YMCA Facility including health care facility and classroom space - $1,990,880

 - Rock Island Economic Growth Corporation (DBA Economic Growth Corporation (GROWTH), Rock Island - Adaptive reuse of former Shimer College Campus for a business development education center for low-to-moderate income persons and affordable housing - $1,500,000

 - Village of Schaumburg - Public access road and bike path connecting major businesses to Metra Station - $1,250,000

 

According to EINPresswire, Governor Pritzker was at Omni Ecosystems to give them a Rebuild Economic Development grant of $2 million for the company to launch its next phase of development. This is a woman-owned green infrastructure company located in Bronzeville. They have a $7.2 million plan to expand office and co-working space for community businesses. This project will help convert a 50,000 square foot industrial manufacturing site and will create a total of 280 new jobs for the community.

Rep. Lamont Robinson (D-Chicago) stated that this investment will renovate a 98-year-old bottling facility in Bronzeville and will serve as an economic engine in the neighborhood by providing space for nearly 20 organizations in the community to develop and grow.

 

ASA Chicago 1000x169

 

Rep. Michelle Mussman (D-Schaumburg) stated that the Governor's investment in the pedestrian, bike and car access to the Schaumburg Metra station will create over 485 jobs, expand regional infrastructure and increase opportunities for local businesses to succeed.

Projects eligible for funding were required to demonstrate a long-term public use benefit. Scoring was based on the following:

 

 - Project impact

 - Creation of jobs

 - Regional benefit

 - Regional support

 - Project readiness

 

All projects awarded will adhere to minority business participation requirements of the State of Illinois' Business Enterprise Program and will make way for local hiring requirements through the Illinois Works program.

 

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Posted by Judy Lamelza

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