State of Illinois Highlights Historic $500 Million Investment in Site Readiness Following Balanced Budget Passage
SPRINGFIELD, IL – Following the passage of Governor JB Pritzker’s seventh consecutive balanced budget, the State of Illinois today highlighted a historic $500 million investment in site readiness—marking a bold step forward in transforming unused state properties into hubs of economic opportunity. This investment—which represents the largest site readiness investment in state history—will prepare sites across the state to attract new industries, create jobs, and bring new life to communities that have long been impacted by shuttered or unused facilities. The Site Readiness initiative includes two major components: $300 million for the “Surplus to Success” program led by the Illinois Department of Central Management Services (CMS), which will prepare idle state-owned properties for private development. $200 million for the Illinois Department of Commerce and Economic Opportunity (DCEO) to expand its existing Site Readiness programs
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