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Large Business Development Program

 

Overview:

The Large Business Development Program (LBDP) is designed to provide grants to businesses undertaking a major expansion or relocation project that will result in substantial private investment and the creation and/or retention of a large number of Illinois jobs.  Funds available through the program may be used by large businesses for bondable business activities, including financing the purchase of land or buildings, building construction or renovation, and certain types of machinery and equipment.  Grant eligibility and amounts are determined by the amount of investment and job creation or retention involved.


Contact:              

Illinois Department of Commerce and Economic Opportunity
Bureau of Business Development
620 E. Adams
Springfield, IL 62701
(217) 514-8449
TTY: (800) 785-6055


Website:                     

http://www.illinoisbiz.biz/dceo/Bureaus/Business_Development/Grants/lbdp.htm

 

Eligibility:

  • Grants available for businesses undertaking a major expansion or relocation project that will result in substantial private investment and the creation and/or retention of a large number of Illinois jobs
  • Contact the Bureau of Business Development to see if your company qualifies


Employer Benefit:

  • Incentives for businesses expanding or relocating to Illinois