Allstate is proud to partner with Build Bronzeville to support small businesses and nonprofits in the Bronzeville Community.
Donor Name: Build Bronzeville
State: Illinois
City: Chicago
Type of Grant: Grant
Deadline: 04/30/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
A minimum of 10 small businesses and/or nonprofits will be awarded capacity building grants to grow and scale business.
The Main Street Grant Program is dedicated to fostering economic empowerment, revitalizing underserved communities, and narrowing the wealth gap by strategically partnering with Community Development Corporations on the South and West Sides of Chicago. The program aims to provide grants to small and medium-sized businesses and nonprofits, serving as a catalyst for building capacity, stabilizing community cornerstones, and transforming disinvested areas into hubs for economic development and community renewal.
Allstate Bronzeville Grants is driven by a vision of transformative change, where strategic investments lead to thriving businesses, empowered communities, and a more equitable economic landscape on the South and West Sides of Chicago.
Funding Information
- A total of $250,000 in funds will be awarded to a minimum of ten small businesses within the Bronzeville community. Selected grant recipients will receive a total of $5,000 -$25,000.
- The grant is intended to build capacity, foster business growth and amplify community impact; use of funds should align with these intentions.
- Funds awarded are to be used explicitly for business development and growth. Misuse of funds may result in revocation and legal action.
Eligibility Criteria
- The applicant’s business/nonprofit must demonstrate a positive impact on its community, including creating new jobs, pioneering innovative products, or enhancing accessibility of products and services.
- Preference will be given to organizations in operation for at least one (1) year, with all eligible businesses encouraged to apply.
- The organization must have generated revenue, with a preferred minimum annual revenue of $20,000 and maximum annual revenue of $1,000,000.
- Preference will be given to organizations with a direct impact on their community.
- The organization must be legally formed under United States law and operate within the specified community defined by federal Bronzeville-Black Metropolis National Heritage area MAP or have a confirmed commitment to operate within this community.
Selection Criteria
- Potential impact on the grant award on the organization and community.
- Track record and credibility of the organization.
- Will have an impact on underrepresented communities.
- Demonstrated need for financial assistance to enhance community impact.
For more information, visit Build Bronzeville.
