C19DisadvantagedBusGrants-DistressedCapital

Rebuild Distressed Communities Program

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.

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.

Businesses located in the zip codes listed here are eligible to apply.  Businesses not listed in those zip codes may still be eligible if they operate in an economically distressed area, listed here, and may apply to have their zip code included.

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.

WHEN TO APPLY: Applicants can begin submitting their applications on Tuesday, October 27th, 2020. Applications will be accepted in rounds until funding is exhausted, with dates for each round and deadline for that specific round posted on the LISC website.  Any impacted business may apply during any round.

The first round closed on November 10th.

WHERE TO APPLY: To submit an application during an open round, click here.  A PDF version of the application is available here for review.

Información de la aplicación en español haga clic aquí*

  • Solo se aceptarán solicitudes en inglés. Para obtener ayuda con la solicitud en español, envíe un correo electrónico a ridc_grant@lisc.org.

MORE INFORMATION: Application and program details are available here.  Applicants are encouraged to review the application, FAQ, and checklist prior to submitting an application.  Información también esta disponible en español.

WEBINARS: LISC, CNI, and DCEO will be hosting webinars to provide potential applicants with an overview of the Rebuild Distressed Communities grant opportunity, the grant application, and required documentation.

Additional webinars forthcoming.

 

Click below for a recording of the October 30, 2020 webinar: