Grant Opportunity from the State of Illinois

Below is a notice sent by the state for a grant opportunity. Please direct all questions regarding this grant by email CEO.OE3Grant@illinois.gov 

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Award Range: $10,000 - $245,000

Eligible Applicants: Businesses owned by Socially Economically Disadvantaged Individuals (SEDI) with a maximum of 25 full-time permanent employees

Application Deadline: April 7, 2025 at 5:00 PM

Sate Website: https://dceo.illinois.gov/aboutdceo/grantopportunities/2160-2940.html

The Illinois Department of Commerce and Economic Opportunity (DCEO) Office of Economic Equity & Empowerment (OE3) is pleased to announce the OE3 Small Business Capital and Infrastructure Grant Program. This program will provide funding to small businesses owned by Socially and Economically Disadvantaged Individuals (SEDI) or Very Small Businesses (VSBs) for capital improvement and infrastructure projects.

Grants ranging from $10,000 to $245,000 will support initiatives that drive business growth, enhance operational efficiency, promote sustainability, and create or retain jobs. This funding opportunity is exclusively focused on capital improvements and infrastructure projects to support SEDI-owned businesses and VSBs. Priority will be given to applicants located in Community Development Financial Institution (CDFI) Investment Areas where businesses play a critical role in addressing local economic needs.

ELIGIBLE PROJECTS

Examples of eligible capital and infrastructure projects can be found here //bit.ly/4gFmCB9.