Illinois Administrative Code

Section 560.15 Eligible Applicants Local governmental units (counties and cities), not-for-profit economic developmental organizations, educational agencies (public and private), or a combination thereof may apply to the Department for financial assistance under the Program. Wher…

Section 560.20 Pre-application Process and Analysis A potential small business incubator must first complete a Community Advisory Board Analysis to determine if the community is capable of supporting an incubator. This analysis will serve as a pre-application for funds and will a…

Section 560.30 Formal Application Process a) Invitation to Apply – Those applications that best demonstrate the potential for meeting the requirements of the Act (Article II of P.A. 84-109, effective July 25, 1985), in accordance with the evaluation criteria specified in Section …

Section 560.35 Content of Application The following identified information to be included in the application: a) Need and Impact of the Project 1) Feasibility Study/Needs Analysis – a summary of the results of the Community Advisory Board Analysis and information which demonstrat…

Section 560.40 Formal Application Review Criteria The Department will accept and review formal applications based on the following criteria: a) Economic Impact 1) The actual need for the type of incubator given the community's economy and services offered by the facility. 2) The …

Section 560.50 Application Ranking a) Applications will receive a maximum, moderate, or minimum rating. (the Likert Scale) for criteria provided in Section 560.40. b) Department staff will conduct site visits of highly rated projects (i.e., maximum and moderate ratings per subsec…

Section 560.60 Administrative Requirements a) Loan Terms – Monthly installments shall be due and payable to the Department at a time specified in the loan agreement. All payments shall be applied first to interest and then to principal. b) Reporting – The Recipient (applicant rec…

Section 570.10 Purpose a) Direct Funding 1) Through the Illinois Small Business Development Program (Program), the Department of Commerce and Economic Opportunity (Department) will provide term loans on a generally fixed-rate, low-interest basis (see Section 570.70(a)(1)) to smal…

Section 570.15 Loan Terms (Renumbered) (Source: Section 570.15 renumbered to Section 570.70(a) at 10 Ill. Reg. 19724, effective November 6, 1986)

Section 570.20 Application Cycle a) Direct Funding 1) Applications under the Program other than the Technical Assistance Program and the Development Corporation Program will be accepted throughout the year until program funds are exhausted. The Department or its designee (e.g., S…

Section 570.25 Application Documentation a) Direct Funding 1) The application for a loan shall include documentation of the following: A) History of the Company (if applicable) – a brief history of the business and past employment growth. B) Market Information – information on th…

Section 570.30 Application Evaluation a) Direct Funding 1) Criteria for evaluating loan applications. The Department shall screen all applications to determine that all requirements of the application package have been addressed. Complete applications will be reviewed and evaluat…

Section 570.40 Selection for Funding a) Direct Funding 1) For any Direct Loan application which meets the criteria of Section 570.30(a)(1), Department staff or designee will then conduct field visit evaluations to verify information in the application, leading to the final fundin…

Section 570.50 Funding Limitations a) Direct Funding 1) In accordance with Sections 9-4(b) and 9-4.3(b) of the Act, the Department shall finance no more than the lesser of 25% of the total project or $750,000 (50% of the project or $100,000 for Minority, Women and Disability Busi…

Section 570.60 Allowable Leverage a) Direct Funding 1) In addition to the forms of allowable leverage defined in Sections 9-4(a) and 9-6(a) of the Act, allowable leverage will include such tangible assets as: A) under-utilized land and/or buildings which are a part of the project…

Section 570.70 Administrative Requirements a) Direct Funding 1) Loan Recipients A) Loan Terms – Loans for real estate normally will be repaid over a period of up to 10 to 25 years; loans primarily utilized for machinery and equipment will generally vary from 5 to 10 years. Loans …

Section 600.10 Purpose a) Through the Illinois Equity Investment Fund (Program), the Department of Commerce and Community Affairs (Department) will provide equity investments to small businesses in Illinois in cooperation with private sector lenders or other investors. Projects s…

Section 600.20 Application Cycle Applications under this Program will be accepted throughout the year. The Department will supply interested businesses with an application package upon request. Applications submitted by the 25th of each month will be reviewed. Submissions after t…

Section 600.25 Application Documentation The application must include documentation of the following: a) History of the Company – a brief history of the business and past employment growth. b) Market Information – information on the company's products or services and identificati…

Section 600.30 Evaluation Process Applications will be evaluated on the technical, market, and financial feasibility of the proposal to assure compliance with the requirements and the purpose of the Small Business Development Act (Sections 9-1, 9-2, 9-3, 9-5 et seq. of P.A. 84-10…

Section 600.40 Selection for Funding For any application which meets the criteria of Section 600.30, Department staff will then conduct a field visit to verify information in the application which will lead to the final funding decision. Top ranking applications will receive equi…

Section 600.50 Funding Limitations In accordance with Section 9-5(b) of the Act, the Director will waive the funding limitation governing the amount of the equity and percentage of leverage when it is determined that these funding limitations would prohibit an otherwise approved …

Section 600.60 Allowable Leverage In addition to the forms of leverage defined in Section 9-5(a) of the Act, allowable leverage will include: a) Under-utilized land and/or buildings which are a part of the project when the appraised value qualifies them as under-utilized. b) A ca…

Section 615.10 Purpose The purpose of State Designated Cultural District Designations is to: encourage economic development and entrepreneurship; encourage the preservation and development of historic and culturally significant structures, traditions, and languages; foster local …

Section 615.20 Definitions "Advisory Committee" means an appointed body of members that will advise the Department on program rules and the certification process. The advisory committee shall reflect the diversity of the State of Illinois, including geographic, racial, and ethnic…

Section 615.30 Eligibility Requirements a) A municipality or 501(c)(3) organization located in Illinois is eligible to receive certification as a State-designated cultural district from DCEO if the applicant: 1) Demonstrates the community seeking certification has been historical…

Section 615.40 Administrative Requirements State cultural district designation awards will be administered in a manner that complies with all State and federal requirements applicable to state funding opportunities including, but not limited to, GATA, the Uniform Guidance and all…

Section 615.50 Term and Termination a) Certification as a State-designated cultural district shall be for an initial period of 10 years, after which the district may submit an application for renewal every five years. The Department maintains discretion not to renew a State-desig…

Section 615.60 Reporting Requirements a) Within 12 months after being designated a cultural district, the State-designated cultural district shall submit a report to the Department detailing its current programs and goals for the next 4 years of its designation. [20 ILCS 605/605-…

Section 620.10 Purpose Through the Labor-Management Program (program), the Department of Commerce and Community Affairs (Department) shall promote positive labor-management relations in the State of Illinois by providing matching grants, grants and other resources to establish or…

Section 620.20 Statewide Committee Consistent with provisions contained in Section 46.32a of the Civil Administrative Code of Illinois (Act) (Ill. Rev. Stat. 1985, ch. 127, par. 46.32a), there shall be established a Labor-Management Cooperation Committee; the duties of said commi…

Section 620.30 Local Labor-Management Committee For the purpose of this Act, local labor-management committee (committee) is defined as a private sector organization created jointly by labor and management representatives, the purposes of which are specified in Section 46.32a(b)(…

Section 620.40 Eligible Applicants The grant application has been divided into four separate categories. Separate eligibility criteria have been established for each of the four grant categories established in the Act as follows: a) To be eligible for matching grants under Catego…

Section 620.50 Application Cycle Applications under the program will be accepted on an ongoing basis. The availability of funds under the program will be advertised in the official state newspaper, and the Department will supply an application package to interested parties upon r…

Section 620.60 Application Requirements a) The application for funding under Category I, Matching Grants to Existing Local Labor – Management Committees, must include the following information: 1) Eligibility Certification A) a description of the structure of the organization (e.…

Section 620.70 Application Evaluation a) The Department shall screen all applications to determine that all requirements of the application package have been addressed. Complete applications will be reviewed and evaluated by Department staff. This review and evaluation process wi…

Section 620.80 Selection for Funding a) The Department will consider funding any application which provides all documentation requested; thoroughly addresses all issues with no major problems evident; clearly evidences a need for the public funding; clearly demonstrates a project…

Section 620.90 Administrative Requirements a) Matching Grant Limitations 1) Matching grants under Category I, Existing Local Labor-Management Committees, shall not exceed 75% of the total operating cost of the program. 2) Matching grants under Category II, Developing Local Labor-…

Section 645.10 Purpose The Department shall provide grants and other forms of financial assistance to eligible applicants for the purpose of expanding access to healthy foods in food deserts. Following a Grocery Initiative Study that examines food insecurity, examines food desert…

Section 645.20 Definitions The following definitions are applicable to this Part. "Act" means the Grocery Initiative Act [20 ILCS 750]. "Agreement" means a grant agreement between an applicant and the Department pursuant to Section 645.40. "Applicant" means a unit of local govern…

Section 645.30 Eligible Applicants and Projects a) An applicant shall own and operate a grocery store, seek to acquire a grocery store, or establish a grocery store. Unless the applicant is a local governmental unit, the grocery store shall be independently owned and locally owne…

Section 645.40 Administrative Requirements Grant opportunities and awards will be administered in a manner that complies with all State requirements applicable to each funding opportunity, including, but not limited to, GATA and all applicable State laws. Applicants and grant rec…

Section 650.10 Purpose a) In the interest of establishing a legal cannabis industry that is equitable and accessible to those most adversely impacted by the enforcement of drug-related laws in Illinois, including cannabis-related laws, the General Assembly has found that a social…

Section 650.15 Definitions The following definitions are applicable to the Cannabis Social Equity Program. "Act" means the Cannabis Regulation and Tax Act [410 ILCS 705]. "Adult Use Dispensing Organization License" means a license issued by the Department of Financial and Profess…

Section 650.20 Fees a) The Department may charge a borrower a closing fee of up to $5,000, which may be paid at closing or, in the case of a term loan, added to the principal balance of the loan. b) If, during the term of an Agreement, a borrower transfers, sells, or grants its l…

Section 650.25 Application Cycle Applications under the Program will be accepted until allocated Program funds are exhausted, subject to the availability of funding as determined by the Department. Funding decisions will also be subject to market entry or license issuance dates a…

Section 650.30 Loan and Financial Assistance Program Application Documentation Receipt of an application to the Program does not commit the Department to award a loan or line of credit or to pay any costs incurred by a Business Applicant in preparation of an application. Written …

Section 650.35 Business Loan and Financial Assistance Application Evaluation The Department will evaluate eligible applications taking into consideration funding available for the Program, demand to participate in the Program, and availability of licenses under the Act. The Depar…

Section 650.40 Selection for Funding a) Applications that best meet the objectives of the Program and demonstrate the greatest potential for benefit to persons and communities directly and adversely impacted by enforcement of cannabis-related laws may be issued conditional commit…

Section 650.45 Loan and Financial Assistance Administrative Requirements a) Agreement. A borrower must comply with all terms of the loan or line of credit Agreement, as applicable. A borrower must be able to make all representations, warranties, and covenants set forth in the Agr…