Prairie State Wire

Prairie State Wire

Monday, December 9, 2019

State commerce department would receive $1.34B for capital projects under Rauner budget

State Government

By LGIS Newsfeed | Jun 6, 2018

Budget 09

More than 17 percent of the governor's 2019 capital budget request would fund Illinois Department of Commerce and Economic Opportunity projects, according to a state analysis.

In all, the budget includes $1.34 billion for the commerce agency.

Funding sources include $1.28 billion from the Build Illinois Bond Fund and $62 million from the capital development fund.

Director of Commerce and Economic Development Sean McCarthy

The Commission on Government Forecasting and Accountability analysis lists Gov. Bruce Rauner's funding priorities and analyzes how it would affect the state's long-term debt. Rauner included $7.8 billion for capital projects for 23 agencies.


Commerce and Economic Opportunity capital projects

This list includes projects requiring new appropriations and do not include reappropriations for ongoing capital projects.

Program DescriptionAppropriation
University of Illinois: Discovery Partners Institute$500,000,000
Statewide: Urban Weatherization Initiative Act grants $399,000,000
Local projects throughout the State $179,500,000
Grants to State agencies: infrastructure purposes$75,300,000
Statewide: Prime Sites grants and loans$33,600,000
Open Spaces, recreational and conservation purposes$26,700,000
Statewide: River Edge – Brownfield Redevelopment Program$25,500,000
Statewide: grants to locals for economic development$19,300,000
Economic development – private sector expansion & retention $15,100,000
Grants/awards through Office of Minority Economic Empowerment$15,000,000
Illinois Science & Technology Park: expansion and site redevelopment$12,400,000
Charter schools – LEED Green Building Ratings System$9,000,000
Grants to local governments for acquisition and construction of facilities$8,800,000
Grants to State agencies: educational, scientific, technical, vocational purposes $7,300,000
Statewide: economic development for Economically Depressed Areas$5,900,000
Statewide: broadband$3,400,000
Statewide: economic development – technology$2,600,000
Statewide: State match for stimulus or bondable improvements$2,300,000
Grants to State agencies: business development$2,200,000
Statewide Port Development Loan Program$1,000,000
Source: Commission on Government Forecasting and Accountability Capital Plan Analysis FY 2019, released April 2018

Want to get notified whenever we write about Illinois Department of Commerce and Economic Opportunity ?

Sign-up Next time we write about Illinois Department of Commerce and Economic Opportunity, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Illinois Department of Commerce and Economic Opportunity

More News