Rebuild Distressed Communities Grant Program
11 Dec 2020
Rebuild Distressed Communities is a $25 million economic recovery program to support economically distressed Illinois businesses and communities that have sustained property damage due to civil unrest on or after May 25th, 2020. DCEO has partnered with two community organizations, Local Initiative Services Corporation (LISC) and Chicago Neighborhood Initiatives, Inc. (CNI), to operate the program on behalf of DCEO. Applicants can begin submitting applications for Round 2 on December 21st until January 21st. Applications will be accepted in rounds until funding is exhausted.
The Rebuild Distressed Communities grant program will reimburse the cost of repairs for structural damages, including repairs to storefronts and entrances, improving electrical systems, and restoring exterior work. For work yet to be completed, LISC and CNI will partner with local contractors and pay for them to perform the work.
The program will prioritize small businesses, underinsured or uninsured businesses, businesses that have a high community impact – such as grocery stores – and businesses in communities that have experienced historic disinvestment. The program also prioritizes the use of BEP-certified contractors, including minority- and women-owned businesses, to do the repair work. Information on the program may be found at https://www2.illinois.gov/dceo/SmallBizAssistance/Pages/C19DisadvantagedBusGrants-DistressedCapital.aspx .