The Industrial Growth Zones program offers reimbursement grants under the following conditions:
For Phase I ESA renewals: up to $5,000 per Property towards the cost of updating a Phase I environmental site assessment report.
For Phase II ESA: 50% of costs of a Phase II environmental site assessment report, up to $25,000 maximum assistance per Property
For conditional approval of Phase I renewals or Phase II ESAs, the City will issue a letter indicating approval for the specified ESA if the ESA is conducted within 6 months and completed within 12 months of the City’s conditional approval. No extension will be granted and any funds set aside for the conditional approval will be released to other applicants after the 12 month period.
For site remediation: for environmental remediation measures necessary to address soil contamination identified in a Phase I and Phase II, the lesser of (i) hard costs or (ii) 50% of hard costs plus soft costs, up to $100,000 maximum assistance per property, provided that to be eligible, the remediation must be conducted pursuant to a Site Remediation Program for the environmental remediation of the
Property and overseen by the Illinois Environmental Protection Agency.
The Industrial Growth Zone program is designed to promote local hiring in the areas surrounding the Growth Zones, both to improve neighborhood vitality and to make workforce development and retention easier for Growth Zone businesses. To accomplish this objective, businesses participating in the program agree to work with a concierge at the Chicago Cook Workforce Partnership to help them identify employees.
The applicant understands and agrees that the Chicago Cook Workforce Partnership shall, at no charge, serve as the first resource for finding candidates to fill position vacancies for businesses that 1) receive remediation reimbursement or 2) operate on land that has received remediation reimbursement as part of the Industrial Growth Zone program.
The Partnership’s referred candidate pool will be comprised of City residents who meet the desired qualifications identified by the Employer, sourced from the Partnership’s network of workforce development agencies, individuals identified through employer-specific hiring events, and databases of prospective employees. The Partnership will focus on eligible candidates living near the business. The Partnership may also offer the Employer additional resources for the recruitment, training and retention of new hires, including access to federal subsidies where appropriate. After sufficient lead time, as agreed to by the Employer and the Partnership, the Employer shall be free to seek other sources to fill position vacancies.
Additionally, all properties must be located within one of the 5 designated Growth Zones as well as within one of the TIF districts which has contributed funds to this program. Applicants must agree to make the property available for development and for industrial use only. Applicants will be approved for reimbursements on a first-come-first serve basis to the extend funds are available.
|