Illinois supports energy job growth with new Illinois Clean Energy Fund

Illinois Gov. Pat Quinn and the Clean Energy Trust announced in June the start of the Illinois Clean Energy Fund, according to an official statement. It's a revolving equity pool with $2.3 million allocated to businesses from the Illinois Department of Commerce and Economic Opportunity, according to Chicago Inno. The money will be matched by a $2.3 million private investment through the Clean Energy Trust.

The Illinois Clean Energy Fund will award financial aid to Illinois-based companies working on projects related to renewable energy, energy efficiency, smart grid, next-generation transportation and water resource management, according to the statement. The companies must also have a minimum of $1.5 million raised in seed, angel or institutional capital, have a market-ready product or service, be generating revenue as well as have a credible chief executive officer and established structure.

The purpose of the fund is to fuel innovation in the state, grow small businesses and create new jobs.

"Illinois is a national leader in embracing green energy through innovation, and this fund will help us do even more," Quinn said. "This initiative will combine state and private sector investments to help clean-energy startups create new jobs while leading Illinois toward a more sustainable future."

Green energy-related businesses in Illinois should work with Chicago recruiters to find the most qualified candidates for their open positions.