SE Illinois News

The Illinois Department of Commerce and Economic Opportunity (IDCEO) has unveiled a significant grant opportunity aimed at revitalizing downtown areas across the state. The department is offering a substantial $30 million in grant funding for two key programs, as reported by the IDCEO.

According to the announcement, the IDCEO is focusing on the Rebuild Illinois Downtowns and Main Streets Capital (RDMS) program and the Research in Illinois to Spur Economic Recovery (RISE) program. The RDMS program will concentrate on infrastructure improvements, while the RISE program will support economic recovery projects. These initiatives have a shared goal of breathing new life into local economies and providing essential assistance to small businesses.

In a statement, the IDCEO highlighted that qualified entities have the opportunity to apply for grants ranging from $250,000 to $2 million. The application window is open until July 22, 2024, providing interested parties with a chance to access this substantial funding opportunity.

Furthermore, the IDCEO emphasized that technical assistance webinars are available for those looking to learn more about the application process and requirements. Interested parties are encouraged to visit the IDCEO website for additional information on how to apply for these grants and contribute to the economic revitalization of downtown areas in Illinois.