Office of Minority Economic Empowerment - Incubators
OMEE Incubators
CSFA Number: 420-45-2159
STATE AGENCY INFORMATION
Agency Name
Department Of Commerce And Economic Opportunity (420)
Agency Identification
09-1
Agency Contact
PROGRAM INFORMATION
Short Description
State funded capital and infrastructure program, as per Public Act 100-0586, aims to equip minority-owned firms with resources to create jobs, build scale and capacity, increase revenues, and expand regionally.
Federal Authorization
N/A
Illinois Statue Authorization
Public Act 100-0586
Illinois Administrative Rules Authorization
N/A
Objective
This program aims to equip minority-owned firms with resources to create jobs, build scale and capacity, increase revenues, and expand regionally.
The goal of this program is to improve the quality of life of Illinoisans. The funded project must meet bondable requirements set forth in 30 ILCS 420, The Capital Development Bond Act of 1972. Specific projects include, but are not limited to:
? The renovation or expansion of existing buildings;
? Acquisition of real property and new construction;
? Purchase of essential equipment;
? Rehabilitation of publicly owned real property; and,
? Installation of public facilities (including street, sidewalk, and other site improvements)
UGA Program Terms
Information about the Program Specific Terms and requirements can be found within the Notice of Funding Opportunity.
Eligible Applicants
Government Organizations; For-Profit Organizations; Nonprofit Organizations; Small Businesses;
Applicant Eligibility
N/A
Beneficiary Eligibility
N/A
Types of Assistance
Project Grants
Subject / Service Area
Economic Development
Credentials / Documentation
N/A
Preapplication Coordination
Applications are due by deadline identified in the Notice of Funding Opportunity Supplement. All applications received by the deadline will be scored on merit and finalists will be notified via a Notice of State Award.
Application Procedures
N/A
Criteria Selecting Proposals
N/A
Range of Approval or Disapproval Time
N/A
Uses and Restrictions
For Bondable costs. No indirect costs or reimbursements.
Reports
Standard GATA reporting (performance, financial and audits if appropriate)
Account Identification
Various
Range and Average of Financial Assistance
Various
Program Accomplishments
N/A
Regulations, Guidelines, and Literature
None
Regional or Local Assistance Location
N/A
Headquarters Office
500 East Monroe, Springfield IL 62701
Published Date
10/19/2021
FUNDING INFORMATION
Funding By Fiscal Year
FY 2020 : $5,000,000
Federal Funding
None
Notice of Funding Opportunities
| Agency ID | Award Range | Application Range |
ACTIVE AWARDS
| Agency ID | Grantee Name | Start Date | End Date | Amount |
| 20-091012 | Urban Juncture, Inc. | 01/01/2020 | 12/31/2024 | 248,250 |