Construction and/or Renovation to Buildings, Additions, or Structures

The Illinois Department of Commerce and Economic Opportunity is offering a grant opportunity for capital improvements, specifically construction and/or renovation 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 infrastructure improvements, construction, and/or site renovations located at or near 8541 South State 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 considerations for this grant include the applicant's capacity to complete the project, the economic impact of the project, the need for the project within the community, and the quality of the project. • The grant is for a total amount of $500,000. • 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 various laws and regulations, including the Business Enterprise Program for Minorities, Females, and Persons with Disabilities Act, the Prevailing Wage Act, and the Illinois Works Jobs Program Act. • The grantee will be required to submit periodic performance reports and financial reports. • The grant agreement will specify the payment terms and the payment schedule. • The grant is subject to fiscal and programmatic monitoring visits by the Department.