Webinar - Small Business Capital and Infrastructure Grant Program
Thursday, January 30, 2025 (11:00 AM - 11:45 AM) (CST)
Description
Grant funds from the State of Illinois DCEO are now available to businesses owned by socially and economically disadvantaged individuals (SEDI) or very small businesses (VSBs)1 to support small business capital improvement projects. This program will offer small business grants to help eligible businesses achieve sustainable growth, improve efficiency, and create and retain jobs.
Small Business Capital and Infrastructure Grant
OVERVIEW & ELIGIBILITY
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) with 25 or fewer permanent full-time employees 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.
APPLICATION INFORMATION
Applications must be submitted by Monday, April 7, 2025, at 5 pm.
CONTACT
For program-specific questions, contact the team at CEO.OE3Grant@illinois.gov.
PREQUALIFICATION
As a reminder, with this NOFO and applying for State grants, an entity must be pre-qualified. For more information on that process, please watch this short video. Click here to read the GATA guide in English and Spanish.
Steps to get pre-qualified for State of Illinois programs
- Obtain a Federal Employer Identification Number (FEIN} - FREE
- Register with the Illinois Secretary of State and obtain a Certificate of Good Standing - COST
- Register at System Award Management (SAM.gov} - FREE
- Register with the Grant Accountability & Transparency Act (GATA} Grantee Portal - FREE
- Check your entity's Prequalification status in the GATA Grantee Portal to ensure your entity is in good standing.
Programa de Subvenciones de Capital e lnfraestructura para equeiias Empresas
El Departamento de Comercio y Oportunidades Económicas de Illinois (DCEO), a través de la Oficina de Equidad Económica y Empoderamiento (OE3), se complace en anunciar el Programa de Subvenciones para Capital e Infraestructura de Pequeñas Empresas (OE3). Este programa proporcionará fondos a pequeñas empresas propiedad de Individuos Social y Económicamente Desfavorecidos (SEDI) o Microempresas (VSBs) con 25 o menos empleados permanentes a tiempo completo para proyectos de mejoras de capital e infraestructura.
Las subvenciones, que van desde $10,000 hasta $245,000, apoyarán iniciativas que impulsen el crecimiento empresarial, mejoren la eficiencia operativa, promuevan la sostenibilidad y creen o retengan empleos.
Recursos en Español
Folleto en formato PDF
Martes 14 de enero 2pm webinar
Contacto
Ver video corto
Guía de la Ley de Transparencia y Responsabilidad de Subvenciones
APPLICATION INFORMATION
Applications must be submitted by Monday, April 7, 2025, at 5 pm.
There is no fee for this webinar.
20 S. Grove St. Ste 101
Carpentersville, IL 60110 United States
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