The Illinois Department of Commerce & Economic Opportunity is accepting applications for the CDBG Economic Development Program to provide financial assistance to private businesses that create or retain jobs primarily for low to moderate-income workers.
Donor Name: Illinois Department of Commerce & Economic Opportunity
State: Illinois
County: All Counties
Type of Grant: Program
Deadline: Ongoing
Size of the Grant: $1,000,000
Details:
The purpose of grant is to assist communities attract or expand private businesses. The program provides financial assistance in the form of a grant to private businesses that create or retain jobs primarily for low to moderate-income workers. Public infrastructure grants may also be made to support a private business that creates or retains jobs primarily for low- to moderate-income workers. This assistance can benefit both private “for-profit” and “not-for-profit” organizations.
Objective
Objectives for the CDBG Program are:
- Strengthen community economic development through the creation of jobs, stimulation of private investment and strengthening the tax base;
- Improve public infrastructure and eliminate conditions which are detrimental to health, safety and public welfare; and
- Conserve and expand the State’s housing stock in order to provide a decent home and a suitable living environment for persons of low-to-moderate income and the developmentally disabled.
Funding Information
- The Department of Commerce and Economic Opportunity is making $3,000,000 available for the ED program.
- The Department has established a grant ceiling of $1,000,000.
Eligibility Criteria
- Only units of general local government (i.e., cities, villages, townships and counties) may apply for funding. Eligible municipalities shall not receive funding from Housing and Urban Development (HUD) as an entitlement city.
- Counties and townships that are not participating in the HUD Urban County Entitlement Program are also eligible to apply for block grant funds.
For more information, visit Illinois Department of Commerce & Economic Opportunity.