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Rebuild Downtowns & Main Streets & Research in Illinois to Spur Economic Recovery Implementation Grants (Notice of Funding Opportunities 2560-2765 & 3304-2764)

Awarding Agency Name Commerce And Econ Opp
Agency Contact John O'Conner (
Announcement Type Initial
Type of Assistance Instrument Grant
Funding Opportunity Number FY24-1 Rebuild Downtowns & Main Streets/RISE Implementation Grants
Funding Opportunity Title Rebuild Downtowns & Main Streets Capital Grant
CSFA Number 420-00-2560
CSFA Popular Name Rebuild Downtowns & Main Streets
Anticipated Number of Awards 20
Estimated Total Program Funding $20,000,000
Award Range $250,000 - $2,000,000
Source of Funding Federal and State
Cost Sharing or Matching
Indirect Costs Allowed Yes
Restrictions on Indirect Costs

Yes : Indirect or administrative costs under these programs cannot be applied to capital expenditures such as those on land acquisition, site development, construction, and infrastructure. 

Indirect costs may therefore be eligible for RISE projects in whole or in part, depending on the nature of the project and its associated expenditures. No indirect costs will be eligible for reimbursement under RDMS, however, since that program is limited to capital-only projects.

Posted Date 04/22/2024
Application Date Range 04/22/2024 - 07/22/2024 : 5:00PM

Technical Assistance Session Offered : Yes
Mandatory : No
Date : 05/01/2024 : 10:30AM
Registration link :

For your application to be considered, your entity must be pre-qualified. For resources on pre-qualification and other grant topics, please visit