There's more good news and more grant money available to help stimulate local economies throughout Illinois.
The $50 million Rebuild Illinois Main Street and Downtown Capital Program is the latest effort to stimulate local economies in areas hit hardest during the COVID-19 pandemic.
"This first-of-its-kind program recognizes and addresses the impact of the pandemic on city centers and commercial corridors - delivering quality of life enhancements that will invite people back to Main Street, grow jobs in the community and deliver modernized infrastructure to commercial neighborhoods that have waited too long for their fair share," said Gov. JB Pritzker in a news release.
Rebuild Illinois Main Street and Downtown Capital Program is one piece of the $1.5 billion Illinois has budgeted for fiscal year 2022 to help spur economic recovery throughout the state. The Rebuild Illinois program leverages funds from the American Rescue Plan Act, which provides grants for construction and public infrastructure repair and modernization. The capital program is also designed to boost jobs.
This is an exciting time and one that municipalities in need should leverage. Here's a closer look at what qualifies for funding and what doesn't.
While municipalities do not have to provide matching cash funds for their proposed project, doing so might improve the odds of receiving an award.
The deadline to apply for funding is Jan. 10. Don't navigate this alone. Our staff is experienced at helping municipalities apply and secure grant funding.
Rebuild Illinois Main Street and Downtown Capital Program by the numbers: