Skip to content

Illinois Announces Limited Small-Business Grants

Illinois Announces Limited Small-Business Grants

January 24, 2025

The Illinois DCEO announce $10 million in Small Business Capital and Infrastructure Grants

The Illinois Department of Commerce and Economic Opportunity (DCEO) announce $10 million in Small Business Capital and Infrastructure Grants.

The grant is limited to:

  • Businesses owned by “Socially Economically Disadvantaged Individuals” that employ 25 or fewer full-time employees.
  • “Very Small Businesses” that employ less than 10 employees.

 

Grants can range from $10,000 to $245,000. Grant dollars can be used for capitol improvement expenses, such as the expansion of existing buildings or facilities, new construction of buildings and structures, site selection and land acquisition, architectural planning and engineering design, etc.

In the press release announcing the grant opportunity, the governor’s office defined “Socially Economically Disadvantaged Individuals” as “historically underrepresented groups including people of color, women, people with disabilities, veterans, member of the LGBTQ community and more.” The certification form can be found here.

Businesses interested in applying can find additional information on DCEO’s website. The state will not consider bad credit or previous bankruptcies when making grant decisions. Applications are due by April 7, 2025, at 5:00 p.m.

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

February 14, 2025
Bipartisan Deal Struck to Save Tipped Wages – Earned Sick Tim…
ESTA and tipped wages legislative update
Read More
February 13, 2025
New Bill in Illinois to Eliminate the Tip Credit Introduced
Illinois State Representative Hernandez filed new legislation to eliminate…
Read More
February 12, 2025
Small Business Owners Applaud Governor Morrisey’s Commitment…
Gov. Morrisey delivered his first State of the State address
Read More
February 12, 2025
Utah Comment on Latest Small Business Optimism Index
Re-working of House Bill 24 should help keep positive outlook sustained for…
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility