(WSIL) -- Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) Friday announced a new $50 million capital program designed to bring forward investments to revitalize commercial corridors and main street areas statewide.
The goal of this project is to drive investment in infrastructure and public amenities that will invite more people back into Main Street districts, and local city centers.
Projects eligible for RBI Main Street and Downtown Capital grants must be located in a commercial center or downtown area and may include, but are not limited to: roadways, parking and public way improvements; parks and venues or plazas for public use; sustainability upgrades; structural repairs; and mixed-use or transit-oriented development. Projects awards will range from $250,000 to $3 million in funding.
"I’m pleased to announce the Rebuild Illinois Main Street and Downtown Capital program � a $50 million commitment to revitalize the commercial corridors and main street areas hit hardest by the pandemic,” said Governor JB Pritzker. “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.”�
Community organizations, local governments, and private developers are among the list of eligible parties encouraged to apply for funding. Projects will be prioritized based on: location in a disproportionately impacted area (DIA) or rural area; alignment with local or regional economic development plans; and demonstrates community support.
The program incentivizes local match � with private private businesses or organizations required to provide a minimum 50 percent match, and with public projects receiving higher priority if they include a local match component.
The deadline to apply for Main Street and Downstate Capital grants is January 10, 2022. DCEO will be hosting technical assistance sessions on the new program, including a webinar hosted on Monday September 13th. Prospective applicants can register for the webinar .