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Funding Opportunities

· Funding Opportunities

Are you looking for funding for your business or nonprofit? Here are a few funding opportunities:

Neighborhood Opportunity Fund

Apply to the Neighborhood Opportunity Fund (NOF) presented by the Department of Planning and Development (DPD). This grant provides up to $250,000 for construction or renovation of business owners, property owners, community developers and entrepreneurs. The deadline to apply is February 14, 2025 at 11:59 PM.

Healthy Communities Foundation

The 2025 Grant Cycle for the Healthy Communities Foundation is open. Interested applicants must submit a LOI detailing their approach to advancing health equity and justice, their plan to utilizing grant funds, and the demographics of their leadership and communities they serve. The deadline to apply is February 14, 2025 at 11:59 PM.

McKinsey Fast Grants 2025

Apply to the McKinsey Fast Grants 2025 presented by McKinsey and Allies for Community Business. This grant will award $10,000 to four organizations whose founders show significant promise for impact. The deadline to apply is February 28, 2025, at 11:59 PM CT.

Together Fund - We Rise Together

Proposals are now being accepted for We Rise Together – Strengthening Mid-Stage Businesses and Worker-Owned Cooperatives. We Rise Together seeks to support innovative initiatives that address the following priority strategies: Technical Assistance and Capital for Mid-Stage Businesses and Support for Worker-Owned Cooperatives (Co-ops). Proposals should clearly demonstrate how the proposed project contributes to the overall mission of equitable economic recovery. Grants are for up to $300,000 over 12 months. The deadline to apply is March 13, 2025.

Small Business Capital and Infrastructure Grant Program

Apply to the Small Business Capital and Infrastructure Grant Program. This program is designed to assist for-profit businesses with capital improvement projects in Illinois. To be eligible, businesses must meet a specific criterion, including being physically based in Illinois or demonstrating significant operations within the state and meeting GATA prequalification requirements. Recipients will receive awards between $10,000 - $245,000. The deadline to apply is April 7, 2025, at 5:00 PM.

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