The Mundelein Economic Development Commission and Mundelein Village Board are pleased to present a new pilot grant program available to Mundelein businesses.
Donor Name: Village of Mundelein
State: Illinois
City: Mundelein
Type of Grant: Grant
Deadline: 04/30/2023
Size of the Grant: Up to $5,000
Details:
The purpose of the S.T.A.R. Business Grant Program is to: (1) STIMULATE the growth of the local economy, (2) support local businesses in workforce development through additional TRAINING, (3) ASSIST local small businesses so they can thrive in a competitive environment, and (4) help businesses RECOVER from the COVID-19 global pandemic and respond with the necessary changes to their operations. As a pilot program for the 2022 fiscal year, a total of $50,000 has been allocated to fund this program and individual proposals are capped at a maximum request of $5,000 per business, with funds being available on a first-come, first-serve basis and dependent on approval of each proposal by the Mundelein Village Board. Because the needs of each business are unique, this program allows businesses to propose projects tailored to their specific needs
Ideal Projects
While the program guidelines are broad to allow for businesses to propose the unique solutions to their business’ unique needs and hardships, there are a few criteria which the Economic Development Commission will use in their review and applicants should ensure that their application addresses these points:
- The requested assistance brings value to the Village and/or community
- The requested assistance is due to a clearly demonstrated need of the business
- The proposal provides sufficient details to fully explain where the funds will be utilized
- The proposal satisfactorily demonstrates that the grant will not exceed 50% of the project cost
- The proposal complies with all other criteria included in the application form and all State, Federal, and Local laws
- The project will be completed within 6 months.
Funding Information
A total of $50,000 is budgeted in the FY22/23 budget for this pilot program. Up to $5,000 may be awarded to an individual business. Individual grant must be 50% or less of the total cost of the project. As an example, for a project quoted to cost $2,000 in total, the business may apply for up to $1,000 in assistance through this grant program.
Eligibility Criteria
To be eligible under this grant program the local business must meet all of the following requirements:
- The applicant must be an authorized representative of, and the proposal must be for, a business operating within the corporate limits of the Village of Mundelein, Illinois.
- The local business must be in a state of good standing with the Village of Mundelein.
- The local business must have an active Business Registration on file with the Village (excludes home occupations).
- Costs must be new expenses.
- Business must be for-profit. Public and private schools, home-based businesses (except those relocating to a commercial space), political activities, and civic organizations are not eligible.
- Recipients of other Village assistance (e.g. utility grants, Business Incentive Grants, prior agreements) are eligible provided that the request is for services, expansions, or other business operations not previously incorporated into prior grant awards.
For more information, visit Village of Mundelein.
