Illinois Business and Commerce Grants

This grant provides $25,000 and mentorship to early-stage climate technology companies in Illinois, helping them develop innovative solutions that positively impact the environment.

A grant provided through this opportunity will support business retention investments needed for the continuation of a company’s operating presence in Illinois. Mandatory requirements: • Minimum employee retention level:100 • Eligible entities: 1. Must be a private for-profit business entity 2. Must be the legal owner of and have the authority to implement investments in a manufacturing complex already located and operating in Bushnell, IL. 3. Must have extensive direct applicable experience in operating a successful tool manufacturing firm. 4. Business entity must have less than 1,000 employees in Illinois. 5. Must have acquired a 100 full-time equivalent tool manufacturing firm in in McDonough County. In order to maximize the effectiveness of this retention investment, the applicant must maintain the operational production status of current product lines and not relocate these to other physical sites outside of an existing manufacturing plant located within Bushnell, IL. Expenses related to this grant must be directly tied to the retention of employees or improvements of the facilities located in Bushnell. For example, reimbursements for payroll and facility improvements may be acceptable under this grant.

This funding opportunity provides financial support to local governments in Illinois for water and sanitary system projects that improve public health and safety in communities with significant low-to-moderate income populations.

This grant provides financial support to Illinois artists and non-profit organizations for various arts-related projects, programming, events, and professional development opportunities.

This program, initiated by the Commerce And Economic Opportunity department of Illinois, aims to accelerate the adoption and implementation of clean energy solutions by engaging prime contractors. The program anticipates awarding 3 grants totaling $9,000,000, with individual grants ranging from $1,000,000 to $3,000,000. Eligible projects should align with the state's goals to enhance clean energy infrastructure and capabilities. A technical assistance session is offered on 04/10/2024 at 3:00 PM. Registration is required via the provided link.

The 2024 States’ Economic Development Assistance Program (SEDAP), announced by the Delta Regional Authority (DRA), seeks applications for grants to target federal resources toward communities in the Mississippi River Delta and Alabama Black Belt regions. With a focus on economically distressed counties and parishes, SEDAP aims to invest in community-based and regional projects across four congressionally mandated funding categories: basic public infrastructure, transportation infrastructure, business development with an emphasis on entrepreneurship, and workforce development. The program is designed to encourage job creation, regional collaboration, and funding partnerships, leveraging a total of $16,930,642, allocated across the eight-state DRA region with awards ranging from $50,000 to $500,000 depending on project type and application score.

This funding opportunity provides financial support for community organizations to educate and assist underserved communities in Illinois with accessing clean energy programs and initiatives.

This funding opportunity provides financial support to eligible contractors for developing renewable energy and energy efficiency projects that benefit low-income communities and promote workforce training in Illinois.

This program provides funding to local workforce organizations in Illinois to enhance job quality and training in key industries like healthcare and manufacturing, ultimately benefiting workers and employers alike.

This funding opportunity provides $10,000 to individual artists in Illinois to support their professional development and enhance community engagement through their creative practices.

This program provides matching funds to Illinois-based businesses and organizations to help them secure federal grants for projects that promote economic growth, reduce equity gaps, and advance clean energy initiatives.

The City of Chicago Department of Planning & Development (DPD) offers grant funding to support local commercial, mixed-use, and light manufacturing projects. This initiative aligns with the city's broader mission to strengthen local business corridors and enhance neighborhood vitality, particularly through the Chicago Recovery Plan. The program aims to invest in catalytic developments that build upon DPD's existing investments, supporting a resilient and thriving urban environment. The target beneficiaries for this grant program include community developers, business owners, entrepreneurs, and property owners within Chicago. While applicants from all areas of Chicago are eligible, priority is given to projects located in historically disinvested areas or those with limited private investment. The impact goals are to foster economic growth, enhance community safety initiatives, and leverage local talents, capacities, and institutions to contribute to neighborhood strength. The program prioritizes capital improvement projects, including pre-development, construction, or renovation costs. Mixed-use projects are eligible, though residential-only developments are not. A key focus is on catalytic projects that demonstrate a strong local impact and have clear momentum, with an expectation to break ground within six months of grant acceptance. Site control is preferred but not strictly required. Expected outcomes include the successful completion of vital community projects, increased economic activity in targeted areas, and the creation of more vibrant and resilient neighborhoods. Measurable results would involve the number of projects funded, the scale of investment leveraged, and the tangible improvements in business corridors and community infrastructure. The city's strategic priority is to address historical disinvestment and ensure equitable development across Chicago, utilizing funding sources such as the Chicago Recovery Plan Community Development (Large Grants), Neighborhood Opportunity Fund (Large Grants), and Tax Increment Financing to achieve these goals.

The 501vc® Investment Fund is seeking to invest $200,000 to $300,000 in early-stage climate tech startups in the Greater Midwest region, focusing on sectors like advanced materials, renewable energy, and agriculture technologies.

This funding opportunity provides financial support to Illinois-based organizations that assist small businesses and aspiring entrepreneurs with essential services like business planning, financial analysis, and access to capital, particularly in underserved and rural areas.

This funding program provides financial support to improve tourism attractions and events in Illinois, helping local economies thrive by increasing visitor engagement.

The "Illinois Regional Site Readiness Program" is a $40 million funding opportunity from the Illinois Department of Commerce and Economic Opportunity, aimed at supporting infrastructure and capital improvements to prepare industrial and manufacturing sites for economic development across all 10 Economic Development Regions in the state, with individual awards ranging from $250,000 to $3,000,000, and applications open from July 23 to October 21, 2024.

This program provides funding to certified convention and visitors bureaus in Illinois to enhance tourism and promote activities related to the 100th anniversary of Route 66.

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.

Research and input from economic development experts indicate that there is a shortage of large sites that can be successfully developed in the desired 1-2year time frame. DCEO intends to offer incentives to encourage infrastructure investment in large industrial sites, in order to make such sites viable alternatives for large economic development projects. A grant provided through this opportunity will support site readiness planning activities and infrastructure investments needed to prepare industrial property to support investment to Winnebago County and new job opportunities in the industrial sector. Mandatory requirements: • Minimum developable acreage: 200 • Eligible entities: Government entity located in Winnebago County that has a documented agreement with a private entity that meets the following requirements: o Reflects that the applicant has authority to perform work on at least 200 contiguous acres of land in Winnebago County o Reflects that the private entity has an executed REV agreement o Reflects that the applicant intends to support the private entity's REV agreement through the project described in the applicant’s application • Current zoning: Industrial

This initiative provides funding and support to nonprofit organizations, local governments, and Tribal governments in coal-impacted communities to develop and scale innovative economic projects that create job opportunities and foster local economic transformation.