2024 RDMS and RISE Implementation Grants

The Illinois Department of Commerce and Economic Opportunity (DCEO) is offering two grant programs: the Rebuild Downtowns & Main Streets (RDMS) Capital Grant Program and the Research in Illinois to Spur Economic Recovery (RISE) Implementation Grant Program. Both programs aim to accelerate Illinois' economic recovery and promote long-term, sustainable, and inclusive growth, aligning with a mission to revitalize communities and foster economic development. The total funding expected is $20 million for RDMS and $10 million for RISE Implementation, with individual grants ranging from $250,000 to $2 million. The RDMS program specifically targets communities that have experienced disinvestment, particularly those hardest-hit by the COVID-19 crisis. The goal is to facilitate investment to revitalize commercial corridors and downtown areas in Illinois through capital grants. Eligible applicants for both programs include economic development organizations (EDOs), local units of government (e.g., municipalities, counties, townships), and private businesses. Special purpose local units of government are not eligible. The priorities for RDMS include supporting capital projects that improve and repair roads, sidewalks, and lighting; develop public spaces to attract events; improve water and sewer infrastructure; and facilitate mixed-use development to add vitality to commercial corridors and downtowns. These priorities are aimed at tangible infrastructure and development projects that directly contribute to the revitalization of downtown areas. Expected outcomes for these programs include accelerated economic recovery and the promotion of long-term, sustainable, and inclusive growth throughout Illinois. Measurable results will likely involve the number and scale of capital projects completed, the revitalization of commercial corridors, increased economic activity in targeted areas, and improvements in public infrastructure. The grant duration is 2 years, with the period of performance expected to be late calendar year 2024 through the end of calendar year 2026. The DCEO's strategic priority is clearly to stimulate economic recovery and growth through targeted investments in key community infrastructure and development.