Moylan Highlights $25 Million in Funding for the Rebuild Distressed Communities Initiative

DES PLAINES, Ill. – Standing with businesses and communities impacted by this year’s civil unrest, state Rep. Marty Moylan, D-Des Plaines, supports a new $25 million investment from the Department of Commerce and Economic Opportunity (DCEO) to provide repair cost assistance.

“Over the past few months, we have seen businesses and communities significantly damaged during the civil unrest, and on top of the COVID-19 economic downturn, that is devastating for many of them,” Moylan said. “This funding will help businesses recover, and in turn stimulate local economic growth when communities need it most.”

DCEO’s $25 million will help fund the Rebuild Distressed Communities (RDC) program. The funds will assist businesses and communities which were damaged during the civil unrest through direct financial assistance with repairs, reimbursement for repairs and support investments in economically distressed areas throughout Illinois. Small businesses and essential businesses will be prioritized for funding. Grants for businesses will range anywhere between $1,000 and $200,000. The first round of applications are open until Nov. 10 and can be accessed through the Local Initiatives Support Corporation at https://www.lisc.org/chicago/regional-stories/rebuild-illinois-distressed-communities-grant/. Funds for this round are expected to be released in November.

“Throughout the COVID-19 crisis, small businesses have experienced setback after setback and they deserve assistance to help repair their businesses and strengthen their communities,” Moylan said. “I will continue to stand with small business owners and support efforts to repair their businesses so that they will not only survive, but thrive.”

For questions concerning the RDC program, state issues, legislation or district matters, please contact Moylan’s full-time constituent office at 847-635-6821 or email StateRepMoylan@gmail.com.