Industrial Site Development Grant Program

Alert

The application cycle for this program has closed. Program awards have been made to applicant entities.

Description

The Industrial Site Development Grant supports critical business expansion and recruitment efforts through the development of local industrial sites throughout the state.

Details

Total allocation: $75,000,000 ($50,000,000 for projects 1,000 or more contiguous acres in size & $25,000,000 for projects under 1,000 contiguous acres in size)

Funding Structure

The Department intends to award all funds in one funding round, but may hold additional funding rounds prior to June 30, 2024, to ensure all available funds have been obligated prior to the ARPA funding deadline.

State awards $75 million in ARPA funding to help develop shovel-ready industrial sites statewide

The Department of Economic Development (DED) announced that it has awarded a total of $75 million through the Industrial Site Development Grant Program for 15 projects across the state. The program, funded through the American Rescue Plan Act (ARPA), is focused on helping communities develop shovel-ready industrial sites to support business expansion and attraction.

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