The Will County Executive Committee approved the Economic Development Grant Program, offering $10 million in funds for entities to apply for to support programs addressing negative economic impacts of the pandemic and to provide direct aid to industries impacted by the pandemic.
Donor Name: Will County
State: Illinois
County: Will County (IL)
Type of Grant: Grant
Deadline: 12/30/2022
Size of the Grant: $10 million
Grant Duration: 45 months
Details:
The County, using the allocation of over $134 million from the Coronavirus State and Local Fiscal Recovery Funds (SLFRF), a part of the American Rescue Plan, has dedicated $10 million to both support programs addressing negative economic impacts of the pandemic (including housing, financial services, and education programs) and to provide direct aid to industries impacted by the pandemic (including businesses and non-profits).
Aid will address the negative economic impacts of the pandemic and support projects in the following categories:
- Housing Programs
- Leverage affordable housing initiatives
- Financial Services Programs
- Foster public/private partnerships for unbanked/underbanked residents
- Education Programs
- Address instructional learning loss and childcare deserts
- Direct aid Impacted industries
- Support qualified small businesses in critical supply chain and non-profit organization operating in qualified census tracts
Grant Period
Eligible programs or projects will typically be funded for programming beginning March 2023 and ending on or before December 31, 2026.
Eligibility Criteria
- There is minimum consideration for any applicant which includes:
- Located in and/or services Will County residents
- Aligns with Department of Treasury guidelines as an impacted non-profit or small business.
For more information, visit Will County.