• DCEO Minority-Owned Business Capital and Infrastructure Program

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    May 03, 2019

    2019 OMEE Notice of Funding Opportunity

    Program Description

    This Notice of Funding Opportunity (NOFO) sets forth the requirement of the 2019 Department of Commerce and Economic Opportunity (DCEO) Minority-Owned Business Capital and Infrastructure Program.  The Office of Minority Economic Empowerment’s (OMEE) newly created state funded capital and infrastructure program, as per Public Act 100-0586, aims to equip minority-owned firms with resources to create jobs, build scale and capacity, increase revenues, and expand regionally.

    $10 million of the grant funding is available for minority-owned businesses 
    Capital access remains the most important factor limiting the establishment of minority-owned businesses. It also inhibits the ability of economic growth in minority and underserved communities. The goal is to ensure minority enterprises have an equal opportunity to contribute to the growth of Illinois’ economy and serve as an advocate for businesses, entrepreneurs and start-ups in traditionally economically-disadvantaged groups. Applicants are eligible for up to $500,000.
     
    $5 million of the funding is available for incubators who serve or would like to serve minority-owned businesses 
    Business incubators provide support to increase survival for new start-ups to assist in growth during the start-up period when many businesses are vulnerable. Incubators can assist by providing space or capacity; networking and consulting opportunities; professional services and training; and, they can supply resources including research and development. Applicants are eligible for up to $250,000.

    The deadline to apply is June 30, 2019. All applicants must be pre-qualified through the Grant Accountability and Transparency Act (GATA) Grantee Portal. Application is not a guarantee of funding.

    Direct questions to: ceo.accountability@illinois.gov

    Workshop Information
    Thursday, May 9, 2019
    10:00am - 11:00am  
    Mi Tierra Restaurant         
    2528 S. Kedzie Avenue  
    Chicago, IL 60623

    Eventbrite link to register:   https://nofo5919.eventbrite.com

    Thursday, May 9, 2019|
    12:30pm - 2:00pm                            
    Markham City Hall                                                            
    16313 Kedzie Parkway
    Markham, IL 60428

    Eventbrite link to register:   https://nofo59mark.eventbrite.com 

    Contact:
    Carol Gieske, President & CEO
    (847) 741-5660 x216
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