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90_HB2533eng
20 ILCS 605/47.3 new
30 ILCS 105/5.480 new
Amends the Civil Administrative Code of Illinois.
Provides that the Department of Commerce and Community
Affairs, in its discretion, may establish a program of grants
to be matched by economic development entities in the State
to finance and promote local economic development.
Authorizes the Department to make grants, subject to
appropriations by the General Assembly, from the Economic
Development Matching Grants Program Fund, a special fund
created in the State treasury, to nonprofit organizations and
local units of government whose primary objectives are to
promote Illinois communities as sites for industrial and
business location and expansion. Provides that the
applicant's proposed project must have a definable impact on
business and industrial attraction, recruitment, or
retention. Provides factors to be considered in choosing
grant recipients. Provides that State grant dollars shall be
evenly matched by the applicant. Provides that moneys
appropriated to the program of grants shall be deposited into
the Economic Development Matching Grants Program Fund and
shall not lapse into the General Revenue Fund at the end of a
fiscal year. Provides that these grants shall be in addition
to any other grant programs currently in place and
administered by the Department. Provides that the Department
shall adopt rules to implement this program. Amends the State
Finance Act to create the Economic Development Matching
Grants Program Fund. Effective immediately.
LRB9008581KDks
HB2533 Engrossed LRB9008581KDks
1 AN ACT in relation to economic development.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Civil Administrative Code of Illinois is
5 amended by adding Section 47.3 as follows:
6 (20 ILCS 605/47.3 new)
7 Sec. 47.3. The Economic Development Matching Grants
8 Program. The Department, in its discretion, may establish a
9 program of grants to be matched by economic development
10 entities in the State to finance and promote local economic
11 development. The Department is authorized to make grants,
12 subject to appropriations by the General Assembly for this
13 purpose, from the Economic Development Matching Grants
14 Program Fund, a special fund created in the State treasury,
15 to nonprofit organizations and local units of government
16 whose primary objectives are to promote Illinois communities
17 as sites for industrial and business location and expansion.
18 The goal of the program is to enhance the marketing of
19 Illinois by enabling regions and communities to market
20 themselves and thereby attract new business and industry to
21 the State and enhance the environment of growth for existing
22 business and industry. The applicant's proposed project must
23 have a definable impact on business and industrial
24 attraction, recruitment, or retention. Items eligible for
25 funding consideration include, but are not limited to,
26 specific, time-limited research studies related to industrial
27 and business recruitment or retention, advertising and public
28 relation expenses related to the applicant's proposed
29 project, and production of printed materials and brochures,
30 slide presentations and videotapes, and internet home pages
31 for distribution to those involved in expansion or relocation
HB2533 Engrossed -2- LRB9008581KDks
1 activities. In determining the recipients of the grants,
2 consideration shall be given to the following factors: (1)
3 does the project demonstrate collaboration between more than
4 one municipality, county, and region; (2) does the project
5 demonstrate substantial potential for economic return from an
6 area outside the applicant's region and provide research
7 measurement; (3) does the project show creativity and good
8 design qualities and appropriately target a specific market;
9 (4) does the project support the Department's economic
10 development out-of-state marketing efforts; (5) is the
11 project a demonstrable part of a long-range marketing or
12 strategic plan; and (6) are the projected costs for the
13 project well-researched and reasonable. State grant dollars
14 shall be evenly matched by the applicant. Moneys
15 appropriated to the program of grants shall be deposited into
16 the Economic Development Matching Grants Program Fund and
17 shall not lapse into the General Revenue Fund at the end of a
18 fiscal year. The grants made under this Section shall be in
19 addition to any other grant programs currently in place and
20 administered by the Department. The Department shall adopt
21 rules to implement this program.
22 Section 10. The State Finance Act is amended by adding
23 Section 5.480 as follows:
24 (30 ILCS 105/5.480 new)
25 Sec. 5.480. The Economic Development Matching Grants
26 Program Fund.
27 Section 99. Effective date. This Act takes effect upon
28 becoming law.