Illinois grants for Small businesses

This program provides financial assistance to small commercial and mixed-use property owners and tenants in Aurora, Illinois, for essential property improvements and renovations.

This program provides funding and resources to help small businesses grow and succeed sustainably while positively impacting their local communities.

This funding opportunity provides financial support to technology incubators in Illinois to improve their facilities and services, ultimately promoting economic growth and innovation in the state.

This program provides financial support to Illinois-based for-profit businesses that have received a federal Phase I SBIR or STTR grant, helping them advance their innovative research and pursue further funding opportunities.

This program provides financial support to small businesses in Illinois, particularly those owned by socially disadvantaged individuals and very small businesses, to help them modernize operations, improve infrastructure, and create or retain jobs.

This initiative provides financial support and mentorship to minority-owned small businesses in specific West Side neighborhoods of Chicago, helping them grow and contribute to their communities.

This grant provides financial support for projects that improve economic development and quality of life in rural Illinois communities, encouraging collaboration among local organizations to address challenges like funding shortages and infrastructure needs.

This grant provides funding to diverse and minority-owned small businesses in Illinois, offering loans between $10,000 and $50,000 to support economic growth and community development.

This funding provides financial support for small businesses and property owners in Chicago to make permanent improvements and repairs to their commercial and industrial properties.

The Illinois Department of Commerce and Economic Opportunity is accepting applications for its Manufacturing Retention Grant Program to retain a company’s operating presence in Illinois by encouraging investments in its employees, facilities, equipment, technologies, and infrastructure. Donor Name: Illinois Department of Commerce and Economic Opportunity State: Illinois County: McDonough County (IL) Type of Grant: Grant Deadline: (mm/dd/yyyy) 09/25/2024 Size of the Grant: More than $1 million Grant Duration: 2 Years Details: This is a new program with limited awards, supported though the Enterprise Fund administered by DCEO. Enterprise Fund grants may encompass a wide range of economic development projects including infrastructure, capital equipment purchases and any employee related expenditures that will result in job retention in Illinois.  The primary goal of this grant is to retain the company’s manufacturing campus in Bushnell at operating production levels that support the minimum employment level of 100 employees at this site.  Funding Information Total amount of funding expected to be awarded through this NOFO is $5,000,000. Grant Period The period of performance is expected to be from September 1, 2024 through August 31, 2026.  Eligible Expenses Eligible expenses for these funds include: Employee payroll for existing employees, including unpaid backpay incurred from 5/14/2024 through the time of grant period. Invoices for services incurred from 5/14/2024 through the time of grant period. Training expenses for existing employees.  Machinery, Equipment, Tooling Refurbishment /Replacement (e.g., forging hammers & dies, Swiss lathes, forklift maintenance, EDM mills & dies). Facility Repairs (e.g., roof repair, air compressor installation, safety & electrical upgrades, site demolition & clean-up). Productivity/Innovation (e.g., robotics reprogramming & expansion, induction heat furnaces, material storage redesign). Replenishment of Inventory (e.g., maintain stocking levels at standard amounts to support daily production). Eligibility Criteria Must be a private for-profit business entity.  Must be the legal owner of and have the authority to implement investments in a major manufacturing complex located in Bushnell, IL. Must have extensive direct applicable experience in operating a successful tool manufacturing firm. Business entity must have less than 1,000 employees.  Must have acquired a tool manufacturing firm in McDonough County that has a minimum 100 full-time equivalent employees.  For more information, visit DCEO.

The Rockford is currently accepting applications for its Restaurant Relief Grants to provide vital relief to restaurants in Rockford and Winnebago County. Donor Name: Rockford Area Convention & Visitors Bureau State: Illinois County: Winnebago County (IL) Type of Grant: Grant Deadline: (mm/dd/yyyy) 08/30/2024 Size of the Grant: $10,000 to $100,000 Grant Duration: Grant Duration Not Mentioned Details: The Rockford Area Convention & Visitors Bureau is the official destination marketing and management organization for Rockford and Winnebago County and is responsible for promoting the Rockford region as an attractive travel destination and enhancing its public image as a dynamic place to live and work. Funding Information The maximum award a restaurant may receive, as set by the State of Illinois, is $100,000. Eligibility Criteria To qualify to apply, an authorized representative of a restaurant will need to certify that: The restaurant’s principal place of business is located within the geographical boundaries of Winnebago County, Illinois. The restaurant complied with the indoor dining closure mandates enacted by the State of Illinois during the first quarter of 2021 via Executive Orders 2021-01, 2021-02, 2021-03, 2021-04, and 2021-05.  In complying with indoor dining closure mandates in Q1 of 2021 the restaurant laid off staff and, as a result, has experienced an increase in state unemployment insurance charges. The restaurant incurred and/or will incur a higher rate of state unemployment benefit charges in 2022, 2023 and 2024, because of the higher unemployment benefit charges in Q1 of 2021. The restaurant remains operational today. For more information, visit RACVB.

The Small Business and Not-For-Profit Support Grant Program is designed to provide small businesses and nonprofits with funds to assist in recovering from economic losses resulting from the COVID-19 pandemic. Donor Name: City of Chicago State: County: All Counties Type of Grant: Grant Deadline: (mm/dd/yyyy) 09/06/2024 Size of the Grant: Not Available Grant Duration: Grant Duration Not Mentioned Details: The City of Chicago, acting through the Chicago Department of Business Affairs and Consumer Protection (BACP), seeks one (1) qualified organization to administer a $21.5M Small Business Support and Not-For-Profit Grant Program funded through the American Rescue Plan Act. The awardee will be responsible for administering grants to eligible small businesses and nonprofits located in Chicago to assist in stabilizing their operations, supporting their workforce, and mitigating the long-term impact of the pandemic. The selected organization will be held to a contractual agreement by applying to Request of Proposal (RFP) that reflects a clear understanding of the potential city contractor’s needs, the local small business and nonprofit ecosystem, and City of Chicago processes.   For more information, visit City of Chicago.

The Governor and the General Assembly direct the Department of Commerce and Economic Opportunity (DCEO) to administer grants for specific miscellaneous purposes to bolster the state’s economy, promote a clean environment, and improve the overall quality of life throughout the state of Illinois. This grant program is available to any entity receiving funding via lump sum appropriation. Eligible costs for this program are bondable costs associated with the acquisition of land and/or buildings. This includes acquisition costs of all improved or unimproved real property including appraisal fees; title opinions; surveying fees; real estate fees; title transfer taxes; condemnation; and related legal expenses. This may include construction on, and/or renovation to, the property after purchase.

This grant provides matching funds to commercial property owners and businesses in specific zoning districts of Libertyville, Illinois, to improve the appearance and condition of their buildings and sites.

This program provides matching grants to local businesses in Libertyville to support growth and sustainability through various improvements, excluding general operational costs.

This program provides financial assistance to new small businesses in Evanston, helping them cover essential operating costs and equipment expenses to foster job creation and sustainability.