Description
The Illinois Department of Commerce and Economic Opportunity is seeking applications for the Clean Energy Contractor Incubator Program. This program aims to support the development and growth of clean energy contractor businesses and nonprofits in areas impacted by economic, social, and environmental challenges. The program will provide access to low-cost capital, financial support, training, and mentorship to eligible contractors. The goal is to increase the number of equity-eligible contractors in Illinois and promote equitable access to clean energy contracting opportunities.
• Eligible applicants include community-based organizations, nonprofit organizations, and accredited public colleges or universities with a history of providing business-related assistance and knowledge to help entrepreneurs start, run, and grow their businesses.
• The program will be administered by the Department through Regional Administrators, who will oversee the implementation of the program and the work of each of the Contractor Incubators.
• The program will provide support for obtaining business and financial services, including financial assurance, back-office services, insurance, permits, training, and certifications.
• The program will also provide recruitment and ongoing engagement with entities that hire contractors and subcontractors for clean energy projects.