Project Grant ED20CHI3070080

This $2 million Economic Development Administration Project Grant capitalizes a revolving loan fund to provide access to capital for small businesses and entrepreneurs recovering from the coronavirus pandemic in Boone, McHenry, and Winnebago Counties, Illinois. Administered by the Rockford Local Development Corporation, the revolving loan fund will promote job creation, retention, and economic resiliency in the region by attracting private investment through loans to borrowers. Awarded on...

The Economic Development Administration of the Department of Commerce awarded $352,000 under the Economic Adjustment Assistance (CFDA 11.307) federal grant program to capitalize a $2,000,000 revolving loan fund (RLF) managed by the Rockford Area Convention & Visitors Bureau. The RLF will provide access to capital for small businesses and entrepreneurs in Boone, McHenry, and Winnebago Counties in Illinois to aid their recovery from the impacts of the COVID-19 pandemic. Loans from the RLF...

The Department of Commerce's Economic Development Administration awarded a $420,000 project grant to the Blackhawk Hills Resource Conservation & Development for the development and implementation of a Comprehensive Economic Development Strategy (CEDS) in the six-county Blackhawk Hills region of northwest Illinois. This funding supports the Economic Development Support for Planning Organizations federal grant program, which provides assistance to create regional economic development plans...

The Department of Commerce Economic Development Administration awarded a $552,571 Project Grant to the Quad Cities Chamber of Commerce Inc. on May 12, 2021 under the Economic Adjustment Assistance program (CFDA 11.307). The grant will support the Quad Cities Chamber of Commerce's COVID Recovery Plan to provide technical assistance, planning services, and infrastructure projects to the Moline, Illinois region experiencing adverse economic impacts from the pandemic. As the EAA program assists...

The Greater Wabash Regional Planning Commission was awarded a $104,238 project grant from the Department of Commerce Economic Development Administration under the Economic Adjustment Assistance program (CFDA 11.307) on July 7, 2021. The grant will fund an economic recovery coordinator position to coordinate the region's recovery efforts from the economic impacts of the COVID-19 pandemic, including job losses and business closures. Specifically, the coordinator will build on the Commission's...

The Illinois Department of Commerce & Economic Opportunity (DCEO) was awarded a $1 million Project Grant from the Department of Commerce Economic Development Administration (EDA) under the Economic Adjustment Assistance (EAA) program. The EAA program supports regions experiencing adverse economic changes by providing technical assistance for planning and infrastructure projects. This particular award will allow DCEO to develop a comprehensive statewide plan to strengthen Illinois' economy...

The Department of Commerce Economic Development Administration (EDA) awarded $130,000 under the Economic Development Support for Planning Organizations (CFDA 11.302) federal grant program to the Western Illinois Regional Council to develop and implement a Comprehensive Economic Development Strategy (CEDS) for the region comprising Fulton, Hancock, Henderson, Knox, McDonough, and Warren Counties in Illinois. Through this January 1, 2022 project grant concluding December 31, 2022, the Western...

The Economic Development Administration awarded a $250,000 Project Grant to the Blackhawk Hills Resource Conservation & Development Council on December 19, 2022 under the Economic Adjustment Assistance program (CFDA 11.307). The funding will support development of an industrial corridor strategic plan for the Steward and Caron Roads corridor linking Rochelle to Seward, Illinois. The plan will inventory existing conditions, conduct a market analysis, and develop future plans and site...

The Department of Commerce Economic Development Administration (EDA) awarded $420,000 under the Economic Development Support for Planning Organizations (CFDA 11.302) federal grant program to the North Central Illinois Council Of Governments to support development and implementation of a Comprehensive Economic Development Strategy (CEDS) for the region comprising Bureau, LaSalle, Livingston, Marshall, Putnam, and Stark counties in Illinois. The CEDS process brings together public and private...

This $491,392 Economic Development Administration project grant funds the Northwest Wisconsin Outdoor Recreation and Tourism Opportunities Study through September 2022. The study will develop a long-term plan to strengthen and diversify the region's tourism industry in response to economic challenges from the COVID-19 pandemic. Administered through the Economic Adjustment Assistance program, the grant supports technical assistance to chart a path toward recovery and resilience. Northwest...