DCEO Preparing to Launch Rebuild Distressed Communities Program

DCEO announced an update on the Rebuild Distressed Communities program - a $25 million economic recovery program to support economically distressed Illinois businesses and communities that have sustained property damage due to civil unrest on or after May 25th, 2020.

The Rebuild Distressed Communities grant program will reimburse the cost of repairs for structural damages, including repairs to storefronts and entrances, improving electrical systems, and restoring exterior work. For work yet to be completed, DCEO’s community organization partners, LISC and CNI, will secure local contractors to perform repair work, prioritizing diverse companies.

The Rebuild Distressed Communities program will prioritize small businesses, underinsured or uninsured businesses, businesses that have a high community impact – such as grocery stores – and businesses in communities that have experienced historic disinvestment. Additionally, for costs in working with community organization partners, LISC and CNI, DCEO will prioritize the use of local, BEP-certified contractors to conduct the repair work.

The application will be posted by the end of the month on LISC’s website. In the meantime, applicants are encouraged to review the documentation, resources, and FAQ's to help them to assist with the application.

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The Rebuild Distressed Communities program will prioritize small businesses, underinsured or uninsured businesses, businesses that have a high community impact – such as grocery stores – and businesses in communities that have experienced historic disinvestment. Additionally, for costs in working with community organization partners, LISC and CNI, DCEO will prioritize the use of local, BEP-certified contractors to conduct the repair work.

 

The application will be posted by the end of the month on LISC’s website. In the meantime applicants are encouraged to review the documentation, resources and FAQ's to help them to assist with the application.
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