Moeller Highlights RISE Funding to Spur Economic Development

ELGIN, Ill. – State Rep. Anna Moeller, D-Elgin, continues her commitment to the economic development of her community by highlighting new funding for Kane County and the Downtown Neighborhood Association of Elgin. The grant money is available across Illinois to local governments and economic development organizations dedicated to bouncing back from the COVID-19 pandemic. 

“Working families and businesses are still reeling from the effects of the COVID-19 pandemic,” Moeller said. “RISE funding for Kane County and downtown Elgin will be critical for our success in bouncing back from the economic downturn from the pandemic. Our overall economic well-being will depend on an expansive approach such as this funding.” 

Organizations which receive grants provide plans that spur economic growth and align with metrics that uplift the communities in a variety of ways such as affordable housing development, commercial corridors to support local industry and quality of life infrastructure. 

The Downtown Neighborhood Association of Elgin is eligible for funding for Elgin’s Downtown Central Corridor, while Kane County will receive aid provided they create a plan to study impacts on industry, mental health and broadband access.

“My community knows what it needs to economically recover from the pandemic,” Moeller said. “This new RISE funding helps communities decide what they need and how they can tailor their grants to be as effective as possible.”

Nearly $3.5 million is available to communities across the state. RISE funding is provided by the federal government’s American Rescue Plan Act (ARPA). The Research in Illinois to Spur Economic Recovery (RISE) program reimburses organizations and governments for costs associated with their development plans.