- Illinois Department of Commerce and Economic Opportunity (DCEO)
- 500 E Monroe,
- Springfield, IL 62701
- Phone: 217 524-8449
- TDD: 800-785-6055
- Website: http://www.ildceo.net/dceo/Bureaus/Business_Development/Grants/lbdp.htm
Purpose of the Program
The LBDP program is designed to provide grants to businesses undertaking a major expansion or relocation project that will result in substantial private investment and the creation/ retention of a large number of Illinois jobs.
Who is Eligible
A company must be for-profit, mature and stable, have a well-defined market, employ at least 500 employees, have a proven record of earnings, sell its products for services to regions beyond Illinois and have multi-state location options. A company must create and/or retain at least 300 FTE jobs within a 24-month period.
How Funds are to be used
Land, infrastructure improvements and site preparation; construction and/or renovation of buildings and structures; machinery and equipment.
Types of Assistance
Year Program was established