IDOT Economic Development Program (EDP)
To provide state assistance in improving highway access to new or expanding industrial or tourism developments.
| Program Details |
| Program Description: |
The program provides up to 50% state matching funds for eligible roadway-related construction and engineering items. This program is a reimbursement of eligible costs associated with economic development projects. |
| Eligibility: |
Any general-purpose local government (as defined by Article 7, Section 1 of the Illinois Constitution) may apply to the Department for funding under the Economic Development Program. |
| Ineligible Projects (not all inclusive): |
Funding is available only for roadway-related construction which leads directly to private-sector expansion or retention activities. Non-eligible items include: land acquisition, building demolition, landscaping, sidewalks, street lighting and utility adjustments. |
| Loan Amount: |
There is no maximum amount of Department funds which may be invested in any one project. |
| Application Process: |
An Economic Development Pre-Application form titled, Notification of Intent to Apply for Economic Development Funds, needs to be submitted to the Department. The Department will require additional information before EDP funds can be committed. |
| Fees: |
Not applicable. |
| Job Criteria: |
There are no statutory requirements for job creation or retention numbers. The Department handles each project on a case-by-case review. |
| Link to Information/Application: |
For assistance with the application process, contact Bill Whitmer, Vice President of Economic Development, Lake County Partners at (847) 247-0137 or wwhitmer@lakecountypartners.com. Further information and application forms can be found on the IDOT web site. |
Note: This program overview is intended as a reference only. Some details may have changed since publication and/or not be reflected in the description. For specific application of this program, please contact Lake County Partners at (847) 247-0137.
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