Finish Line Grant Program in Illinois

The Aurora’s Finish Line Grant Program offers gap financing solutions to commercial businesses and property owners seeking to complete permanent property rehabilitation and improvement projects. Donor Name: Invest Aurora State: County: All Counties Type of Grant: Grant | Reimbursement Deadline: (mm/dd/yyyy) 07/19/2024 Size of the Grant: $10,000 to $100,000 Grant Duration: Grant Duration Not Mentioned Details: The Purpose of the Finish Line Grant Program is to increase the economic viability of the City of Aurora by assisting business and property owners in their completion of commercial rehabilitation projects. The Finish Line Grant Committee will consider each case on its individual merits. Funding Information A project up to a maximum grant amount of $50,000. Geographic Areas Eligible rehabilitation projects must be performed on commercial properties located within the limits of the City of Aurora. Qualified Expenses Qualified Expenses that are eligible for reimbursement under the Finish Line Grant are:  Build out costs for new or expanded retail space resulting in fixed capital improvements that will remain permanent to the property.  Building materials  Internal and external lighting  HVAC, electrical, and plumbing new system installation and upgrades only    Exterior signage  Repair/rehabilitation of building exterior, including tuckpointing Qualifications Eligibility Criteria The property proposed for rehabilitation must be zoned for commercial use and be located within the limits of the City of Aurora. To be eligible for reimbursement of project costs under this grant program, the following requirements and conditions must be met:  Control of the property must be proven.  Good Standing with the City of Aurora must be established.  No existing code violations on the subject property must be proven.  All required permits and certificates must be issued by the COA before funds will be distributed  Project cost must exceed $5,000  Only Qualified Expenses will be reimbursed.  Projects started prior to April 15, 2024 are not eligible  Business must generate retail sales tax (51% of annual revenue must generate sales tax – annual sales tax reporting required)  All work must be permanent to the building.  For more information, visit Invest Aurora Illinois.