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Finish Line Grant Program

This program provides financial assistance to small commercial and mixed-use property owners and tenants in Aurora, Illinois, for essential property improvements and renovations.

$75,000
Active
Rolling Deadline
Grant Description

The Finish Line Grant is administered by Invest Aurora, a local economic development organization focused on supporting business growth and property revitalization in Aurora, Illinois. The program provides gap financing to assist commercial and mixed-use property owners and tenants with essential property rehabilitation and improvement projects. This grant aims to promote the vitality of Auroraโ€™s commercial spaces by supporting upgrades that contribute to the economic development of the city. Eligible project costs include building materials, shelving, commercial kitchen equipment, lighting fixtures, HVAC, electrical and plumbing upgrades, code improvements, and more. Labor costs must be paid at prevailing wage rates set by Illinois and federal labor departments. Eligible applicants include commercial or mixed-use property owners and tenants operating businesses with fewer than 50 employees. Projects must be located within Aurora, IL, and must exceed $10,000 in total costs. The grant may cover up to 30% of eligible expenses, with a maximum award of $50,000 or $75,000 for restaurants. The remaining costs must be covered by the applicant, effectively requiring a 70% match. Applications are accepted on a rolling basis, subject to funding availability. Interested applicants may submit a digital application via the online portal or email a digital copy to the program manager. All submissions are reviewed by the Invest Aurora Finish Line Grant Committee, and award notifications are issued within 60 days after receiving a fully completed application. Although no specific application questions are detailed, applicants must prepare a comprehensive application including necessary documentation. The estimated time to complete the application process is two to four hours. For assistance, applicants can contact Alexis at [email protected] or (630) 256-3168.

Funding Details

Award Range

$10,000 - $75,000

Total Program Funding

Not specified

Number of Awards

Not specified

Matching Requirement

Yes - 70% of project cost

Additional Details

Grant awards may cover up to 30% of qualified expenses. Maximum grant amount is $50,000 for most applicants, $75,000 for restaurants. Project total cost must exceed $10,000.

Eligibility

Eligible Applicants

Small businesses
For profit organizations other than small businesses

Additional Requirements

Eligible applicants include commercial and mixed-use property owners and tenants in Aurora, IL. Business applicants must have fewer than 50 employees.

Geographic Eligibility

Aurora

Key Dates

Application Opens

Not specified

Application Closes

Not specified

Contact Information

Grantor

Invest Aurora

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Finish Line Grant Program | GrantExec