Economic development grants have had a significant impact on the economy of Illinois and have been an excellent investment for the state. Reports submitted by the state's community colleges indicate that they assisted nearly 5,700 newly established and existing businesses and industries during fiscal year (FY) 1988. The cornerstone of the colleges' involvement in economic development is a network of business centers and economic development offices operated by each of Illinois' 39 community college districts. The primary purpose of the centers is to coordinate customized job training programs for new and existing business and industry and to provide entrepreneurship assistance. In FY 1988, the community colleges: (1) assisted in the creation and retention of 38,424 jobs, the start up or expansion of 113 companies, and the retention of 140 companies; (2) provided customized training for 1,468 companies through 2,164 courses; (3) conducted 1,819 entrepreneurship workshops and seminars and provided small business counseling and management assistance; (4) helped obtain $35,599,616 in contracts for Illinois businesses; and (5) helped to establish or operate small business incubators, or centers that provide special facilities, training, and services. In addition to these primary activities, the colleges helped to operate labor/management councils, provided quality control training, and offered training and job search services for persons seeking employment. The annual report on the economic development grants includes supporting data tables. (AJL)