Douglas Pollock President at Village of Riverside | Official website
Douglas Pollock President at Village of Riverside | Official website
The Illinois Department of Commerce and Economic Opportunity (DCEO) Office of Economic Equity and Empowerment has introduced a new grant program aimed at aiding small businesses owned by socially and economically disadvantaged individuals. The initiative also targets very small businesses needing support for capital and infrastructure projects.
Eligible projects for these capital resources include planning, land and building acquisition, construction, site improvements, rolling stock, and durable equipment.
Grantees will be chosen through a competitive Notice of Funding Opportunity (NOFO) process. Entities meeting the qualifications can apply for grants ranging from $10,000 to $245,000. Applications are open until April 7, 2025, at 5:00 p.m. Interested parties can visit the DCEO website to view and apply for the grant or contact CEO.GrantHelp@illinois.gov for assistance with their applications. To assist applicants in preparing their submissions, DCEO will conduct a technical assistance webinar on February 4 at 11 a.m.
Alerts Sign-up