From the Jb Pritzker Administration:
Gov. Pritzker Awards $106 Million in Grants through Rebuild Illinois Downtowns and Main Streets Capital Program
Grants for 50 communities across Illinois represents the largest-ever Rebuild Illinois investment focused on community revitalization
ALTON — Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) today announced $106 million in capital grants awarded to revitalize 50 commercial corridors and main streets throughout Illinois. In addition to the $106 million in state funding, projects offered an additional $109 million in matching grant funds, for a total investment of $215 million.
The historic Rebuild Illinois (RBI) Downtowns and Main Streets Capital program represents the largest-ever RBI investment focused on community revitalization.
Launched through Rebuild Illinois State capital funds and further expanded by the American Rescue Plan Act (ARPA), the grants support projects that will revitalize commercial hubs, beautify and modernize downtowns, address critical infrastructure needs, boost jobs and improve the quality of life for residents.
“I am thrilled to announce that we are doubling last year’s investment in our Downtowns and Main Streets Capital Grant program to include over 50 communities throughout Illinois to modernize downtowns, address long-awaited infrastructure needs, and boost local economies — in turn, bettering the quality of life for our state’s residents,” said Governor JB Pritzker. “With that upgraded infrastructure comes economic opportunity: more jobs, more business growth, and more money pouring into the communities that need it most — and that’s what Rebuild Illinois is all about.”
The state originally allocated $50 million in funding for this project in 2021. However, due to the high quality of applications and ongoing need, as well as the number of projects eligible for federal COVID relief funds, funding for the program increased by $56 million for a total of $106 million in investments benefiting 50 total communities. The increase in funding allowed the state to support an additional 29 community revitalization projects.
The RBI Downtowns and Main Streets Capital Program is designed to support local commercial corridors, with concentrations of businesses that experienced difficulties during the pandemic due to declining foot traffic, tourism, and business from downtown offices. The program drives investment in infrastructure and public amenities that continue to fuel economic activity as more Illinoisans patron their local town centers.
Grants awarded through the program are located in a commercial center or downtown area and include a variety of projects, such as the restoration of historic buildings, parking and street improvements, construction or improvement of outdoor venues or plazas for public use, sustainability upgrades, structural repairs and other projects benefitting the larger community. Grants range from $398,552 to $3 million in funding.
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In the list of grants is $2,964,553 for rehabilitation of the Woodstock Opera House.