The Illinois Department of Commerce and Economic Opportunity is offering grants to support Illinois-based organizations and businesses in applying for competitive federal grants that align with the State's economic development objectives. The program aims to increase the amount of federal funding received by Illinois-based organizations. Eligible applicants include local governments, nonprofit organizations, for-profit organizations, small businesses, and educational organizations. The grant program will provide up to $2 million in matching funds to support projects that align with the State's economic development goals and priorities. The program has a total funding availability of $40 million, and the award range is between $10,000 and $5 million. The project must be eligible for a specified federal grant program and must demonstrate a clear alignment with the State's economic development plan. Key performance measures will be required, including funds and investment, number of Illinois residents employed, and completion of key milestones.
• The grant program is open to various types of organizations, including local governments, nonprofits, and for-profit businesses.
• The grant requires a cost-sharing or matching component, with a maximum award of up to $2 million.
• The project must be aligned with the State's economic development goals and priorities.
• The grant will be awarded on a competitive basis, with a review process that includes an evaluation of the applicant's need, capacity, and quality.
• The grant program has a rolling application process, with applications being accepted and reviewed on an ongoing basis until available funds are depleted.
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