GrantExec

Illinois Clean Energy Primes Contractor Accelerator Program

$3,000,000
Closed
IL
Grant Description

The Illinois Department of Commerce and Economic Opportunity (DCEO) is launching the Clean Energy Primes Contractor Accelerator Program through this Notice of Funding Opportunity (NOFO). This program is designed to foster the development and growth of clean energy contractor businesses, directly aligning with the broader goals of the Energy Transition Act, also known as the Climate and Equitable Jobs Act (CEJA). The program's mission is rooted in strengthening Illinois's clean energy sector by empowering small and emerging businesses to participate more fully in the clean energy economy, which is a key strategic priority for the state in transitioning towards a more sustainable and equitable energy future. The target beneficiaries of the program are clean energy contractor businesses, particularly focusing on those who can benefit from enhanced capacity building. The program aims to help these businesses grow their operations and secure opportunities within the clean energy market. Key impact goals include increasing the number of certified Minority Business Enterprises (MBE) and other relevant certified vendors, improving their ability to bid on state and private business opportunities, and connecting them with vital financial and programmatic support. The theory of change suggests that by providing targeted support to these contractors, the state can accelerate the adoption of clean energy and create a more inclusive and robust clean energy workforce. The program prioritizes several key areas to achieve its objectives. These include providing one-on-one business coaching tailored to participant needs, offering operational support grants for upfront project and pre-development costs (not exceeding $1,000,000 annually per grant), and delivering technical assistance and training. A significant focus is also placed on assisting businesses in developing comprehensive 5-year business strategies, facilitating connections to financial development assistance like zero-interest and low-interest loans from the Climate Bank, and integrating them into established programs such as the Illinois Power Agency’s Illinois Shines Program and Solar for All Programs. Expected outcomes and measurable results include participant contractors successfully applying for State and private business opportunities, achieving various certifications, and preparing competitive bids for Requests for Proposals. The program anticipates participants becoming listed in relevant directories and databases, actively connecting with and participating in state-sponsored clean energy initiatives, and accessing financial development assistance. Performance will be measured through metrics reviewed monthly during business coaching sessions, aimed at achieving specific growth goals. Ultimately, the program seeks to build the overall capacity of clean energy contractor businesses, contributing to job creation and economic development within the clean energy sector across Northern, Central, and Southern Illinois.

Funding Details

Award Range

$1,000,000 - $3,000,000

Total Program Funding

$9,000,000

Number of Awards

Not specified

Matching Requirement

No

Eligibility

Eligible Applicants

County governments

Geographic Eligibility

Selected Counties

Key Dates

Application Opens

May 3, 2024

Application Closes

July 2, 2024

Contact Information

Grantor

Illinois Department of Commerce and Economic Opportunity

Email

Phone

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Categories
Energy
Environment
Business and Commerce
Diversity Equity and Inclusion
Arts