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DCEO is providing a joint application for the Rebuild Downtowns & Main Streets (RDMS) and RISE Implementation programs. $20 million has been allocated for RDMS and $10 million for RISE, with individual grants for both opportunities ranging from $250,000 to $2 million.
RDMS will facilitate investment to revitalize commercial corridors and downtown areas in Illinois, offering capital grants to support improvements in communities that have experienced disinvestment, particularly those hardest-hit by the COVID-19 crisis. RDMS grants are available for capital projects only.
Examples of suitable projects include but are not limited to:
• Improvement and repair of roads, sidewalks, and lighting in commercial corridors and downtowns
• Development of public spaces that will attract events to and/or add to the appeal of commercial corridors and downtowns
• Improvement and repair of water and sewer infrastructure serving commercial corridors and downtowns
• Mixed-use development that will add to the vitality of commercial corridors and downtowns
RISE Implementation Grants are a strategic effort to allocate funding towards economic development projects or initiatives identified by RISE Local and Regional Planning (RISE Planning) grants. Currently a RISE Broadband Recovery plan is being completed for the 7-county area of Bureau, Grundy, LaSalle, Livingston, Marshall, Putnam and Stark Counties to improve broadband connection, so broadband projects consistent with this plan would be able to apply for RISE Implementation funds.
Examples of suitable projects for RISE Implementation Grants include but are not limited to the following types of projects:
• Infrastructure projects identified by economic recovery plans • Housing or multi-use development projects consistent with economic recovery plans
• Workforce training programming consistent with economic recovery plans
• Site readiness projects consistent with economic recovery plans
For both RDMS and RISE Implementation, the applicant is required to provide matching funds as follows:
• Local units of government must provide a cash match of 25% of total project costs (a 1:3 match).
• All other applicants must provide a cash match of 50% of total project costs (a 1:1 match).
Application deadline July 22, 2024
Click here for additional information about the program.
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