Become a member
Become a member
The Chicago Recovery Plan Community Development Grant will offer grants that will prioritize businesses in historically underserved neighborhoods.
CHICAGO — Applications are open for entrepreneurs to get critical funding to plan, build or upgrade their businesses as part of a $1.2 billion city program.
The Chicago Recovery Plan Community Development Grant program will offer small grants up to $250,000 and large grants up to $5 million. Business owners can apply online. Applications are accepted on a rolling basis, with a first-round deadline on Jan. 31 and a second-round deadline March 10.
The city’s planning department will host an informational webinar at noon Thursday. To register, click here.
The grants can be used for commercial, mixed-use and industrial developments to fund building costs, including pre-development, construction and renovations. Eligible projects could include storefront upgrades and mixed-use developments with dining, retail or entertainment components. City funds can cover up to 75 percent of total anticipated costs of the project.
Businesses in historically disinvested neighborhoods will be prioritized for the grants in an effort to ensure the city’s recovery equitably benefits Black and Latino neighborhoods.
“By investing in neighborhoods, the grants will bring new businesses and entertainment options to Chicago’s commercial corridors, help existing businesses stabilize or grow, and preserve or create hundreds of jobs,” Maurice Cox, commissioner of the city’s planning department, said in a statement.
City officials anticipate the grants will boost neighborhood economies by bringing new goods and services to historically under-invested areas, as well as temporary construction jobs and permanent positions. The funds are also expected to build upon the momentum of large city investments in Black and Latino communities, such as the developments ushered in by the INVEST South/West initiative in neighborhoods including North Lawndale, Austin and South Shore.
“Community development is essential for creating thriving and safe communities on our road to an equitable economic recovery,” Mayor Lori Lightfoot said in a statement. “These grants will provide much-needed support to existing and new businesses, spurring economic activity across our city in tandem with our continued investments.”
Subscribe to Block Club Chicago, an independent, 501(c)(3), journalist-run newsroom. Every dime we make funds reporting from Chicago’s neighborhoods.
Click here to support Block Club with a tax-deductible donation.
Thanks for subscribing to Block Club Chicago, an independent, 501(c)(3), journalist-run newsroom. Every dime we make funds reporting from Chicago’s neighborhoods. Click here to support Block Club with a tax-deductible donation.
Listen to “It’s All Good: A Block Club Chicago Podcast” here:
The travel advisory has steadily filled up over the past few months as COVID-19 surges have worsened.
The city will hit 20 degrees at its warmest point of the day Wednesday, but temperatures will fall and it could feel like it's below zero.
It's not clear how long the impasse could last. Both sides have said they don't want long-term virtual learning, but they are still negotiating.
"It was important to have this exhibit be immersive so that the people who interact with this project can feel so informed and enlightened that they too can become an advocate," artist Tonika Johnson said.