The Illinois Department of Commerce and Economic Opportunity Friday announced a $50 million capitol program designed to spur investments in main street areas statewide. The latest installment of the Rebuild Illinois capitol program will leverage funds from the American Rescue Plan Act to provide grants for construction, repair and modernization of public infrastructure and amenities.
Project awards will range from $250,000 to $3 million in funding. The program incentivizes local match with private businesses or organizations required to provide a minimum 50% match. Public projects will receive higher priority if they include a local match component.
“While Illinois has made significant progress in combatting COVID-19 and reopening our communities, we know that more work is needed to restore economic activity to the places hit hardest during the pandemic,” said DCEO Acting Director Sylvia Garcia.