Public Act 90-0660 of the 90th General Assembly

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Public Act 90-0660

HB2533 Enrolled                                LRB9008581KDks

    AN ACT in relation to economic development.

    Be it enacted by the People of  the  State  of  Illinois,
represented in the General Assembly:

    Section  5.  The Civil Administrative Code of Illinois is
amended by adding Section 47.3 as follows:

    (20 ILCS 605/47.3 new)
    Sec.  47.3.  The  Economic  Development  Matching  Grants
Program.  The Department, 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.   The  Department  is authorized to make grants,
subject to appropriations by the General  Assembly  for  this
purpose,   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.
The goal of the  program  is  to  enhance  the  marketing  of
Illinois  by  enabling  regions  and  communities  to  market
themselves  and  thereby attract new business and industry to
the State and enhance the environment of growth for  existing
business  and industry. The applicant's proposed project must
have  a  definable  impact   on   business   and   industrial
attraction,  recruitment,  or  retention.  Items eligible for
funding  consideration  include,  but  are  not  limited  to,
specific, time-limited research studies related to industrial
and business recruitment or retention, advertising and public
relation  expenses  related  to  the   applicant's   proposed
project,  and  production of printed materials and brochures,
slide presentations and videotapes, and internet  home  pages
for distribution to those involved in expansion or relocation
activities.   In  determining  the  recipients of the grants,
consideration shall be given to the  following  factors:  (1)
does  the project demonstrate collaboration between more than
one municipality, county, and region; (2)  does  the  project
demonstrate substantial potential for economic return from an
area  outside  the  applicant's  region  and provide research
measurement; (3) does the project show  creativity  and  good
design  qualities and appropriately target a specific market;
(4)  does  the  project  support  the  Department's  economic
development  out-of-state  marketing  efforts;  (5)  is   the
project  a  demonstrable  part  of  a long-range marketing or
strategic plan; and (6)  are  the  projected  costs  for  the
project  well-researched  and reasonable. State grant dollars
shall  be  evenly   matched   by   the   applicant.    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. The grants made under this Section shall  be  in
addition  to  any other grant programs currently in place and
administered by the Department.  The Department  shall  adopt
rules to implement this program.

    Section  10.  The  State Finance Act is amended by adding
Section 5.480 as follows:

    (30 ILCS 105/5.480 new)
    Sec. 5.480.  The  Economic  Development  Matching  Grants
Program Fund.

    Section  99.  Effective date.  This Act takes effect upon
becoming law.

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