Business Development Promotion Grants
CSFA Number: 420-45-2233
STATE AGENCY INFORMATION
Agency Name
Department Of Commerce And Economic Opportunity (420)
Agency Contact
PROGRAM INFORMATION
Short Description
Direct Legislative appropriation grants to specified entities for the development and implementation of programs and initiatives that enhance economic development efforts to expand job opportunities throughout the state.
Federal Authorization
N/A
Illinois Statue Authorization
Enacted approp bill
Illinois Administrative Rules Authorization
N/A
Objective
The goal of the grants are to expand and promote economic development opportunities thru innovate grants to enhance business expansion and job creation and retention efforts throughout the state.
Eligible Applicants
Government Organizations; Nonprofit Organizations; For-Profit Organizations; Small Businesses; Individuals; Education Organizations;
Applicant Eligibility
N/A
Beneficiary Eligibility
N/A
Types of Assistance
Project Grants
Subject / Service Area
Economic Development
Credentials / Documentation
N/A
Preapplication Coordination
Grant awards are non competitive. Application procedures and award processing will follow legislative appropriation language and established grant award procedures.
Application Procedures
N/A
Criteria Selecting Proposals
N/A
Range of Approval or Disapproval Time
N/A
Uses and Restrictions
Grant uses and restrictions are specified in direct legislative appropriation language but generally support initiatives designed to promote economic development and job creation and retention opportunities.
Reports
Successful grant applicants will enter into a written agreement with the Department specifying the terms and conditions of the grant. The agreement will cover such items as the scope of the project, schedule of distribution of Department funds, submission of reports and audits, etc. The amount of the grant award will be commensurate with the requirements of the project. The Director of the Department of Commerce and Economic Opportunity has the final authority to determine the grant amount, and grant conditions.
Account Identification
Various
Range and Average of Financial Assistance
Various
Program Accomplishments
N/A
Regulations, Guidelines, and Literature
N/A
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 : $1,500,000
FY 2021 : $3,200,000
Federal Funding
None
Notice of Funding Opportunities
| Agency ID | Award Range | Application Range |
ACTIVE AWARDS