Description
The Illinois Department of Commerce and Economic Opportunity is offering a grant opportunity for capital improvements to buildings, additions, or structures. The goal of this program is to improve the quality of life of Illinoisans. The grant will fund costs associated with capital improvements and/or infrastructure improvements to a facility located at or near 320 West 83rd Street in Chicago. The successful grantee will be required to report on the expenditure of funds and the specific improvements rendered as a result of this funding.
Key aspects of the grant include:
• The grant is funded by state funds appropriated by the Illinois General Assembly.
• The total amount of grant funds for this award is $2,000,000.
• Applicants must submit a project narrative that describes in detail the proposed project activities.
• The grant is limited to capital improvement expenses and is funded via bond funds.
• Indirect costs, general operation overhead, and administrative expenses are not allowed for coverage by bond funds.
• The grantee will be required to comply with the Business Enterprise Program for Minorities, Females, and Persons with Disabilities Act.
• The grantee will be required to comply with the Prevailing Wage Act and the Illinois Works Jobs Program Act.
• The grantee will be required to submit periodic financial and performance reports.