Community Economic Development Grant Program

edev

THE APPLICATION IS NOW CLOSED

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THE COMMISSION’S COMMUNITY ECONOMIC DEVELOPMENT GRANT


(CEDG) PROGRAM PHASE ll

The Commission is now seeking applicants to voluntarily serve on the Funding Advisory Board (FAB) for its Community and Economic Development Grant Program funded by the Illinois Department of Commerce and Economic Opportunity (DCEO).

Membership on the Funding Advisory Board (FAB) will consist of representatives from the Illinois Department of Central Management Services (CMS), the Illinois Department of Commerce and Economic Opportunity (DCEO), financial institutions, business enterprises, and community organizations. The FAB will provide strategic assistance and guidance to ensure success in meeting the program intended goal of expanding and creating African American owned businesses and to assist State agencies in developing programs, services, and public policies that will expand and enhance the social and economic well-being of African American families. The Commission is seeking well-qualified advisory board candidates with interest and experience in the following areas:

1.  Community Organization Member – An individual with a record of accomplishment in community development, community organizing, and/or community economic development with experience in working for not –for-profit organizations that serve African American communities and neighborhoods. Understanding of and appreciation for urban issues related to disparities associated with poverty and race and facilitating collaborative strategies to address such issues. Experience in public/private partnerships, civic engagement, and working effectively across differences among multicultural organizations, groups and communities preferred.

2.  Financial Institutions Member – An individual with background in promoting, supporting, and sustaining community economic development in urban communities serving African American businesses.  Understanding of and appreciation for urban issues related to disparities associated with poverty and race and facilitating collaborative strategies to address such issues. In addition to demonstrated skills in community outreach, the candidate should have fundamental experience and knowledge of community banking and lending practices such as underwriting, investments, loans and loan servicing. The candidate should have experience working with both large and small business enterprises.

3.  Business Enterprise Member – An individual with a history of developing, monitoring, and/or providing technical and programmatic assistance to minority- owned businesses or an individual entrepreneur (M/WBE) that has enjoyed a sustained level of success in the creation , growth and management of a business enterprise. Understanding of and appreciation for the challenges of creating and operating a small emerging business in an urban setting. Experience in business management, business financing, and/or business planning. Demonstrated success in navigating the M/WBE and small business environment to positively impact minority business outcomes, especially in African American communities. The candidate should have fundamental experience and knowledge of industry networks and related resource organizations.

If you meet the criteria as presented above, and are interested in volunteering to serve on this board, email us your resume or bio at webmail@aafc.org.

 

The Application Process (Now Closed)

Applications will be available online at starting January 5, 2015 at: www.aafc.org

Submit completed application & attachments in electronic format to: webmail@aafc.org

by 11:59 pm -March 2, 2015 and mail a hard copy to:

Illinois African-American Family Commission –

Attn: CEDG Program Application 2925 South Wabash Avenue – Chicago, Illinois 60616

Applicants must meet the following criteria to be eligible for the grant award:

1) Must be an African-American Small Business Owner

2) Must be employing forty or fewer employees

3)Must be a non-profit or for-profit operating in the State of Illinois;

4)Must be in good standing with the State of Illinois (Illinois Department of Revenue,

     Office of the Illinois Attorney General or Illinois Secretary of State, as appropriate)

5)Must demonstrate sustainability and a vested plan for continued future funding

6)Current grantees must have completed their obligations to their previously funded grant from Phase I of the CEDG program

RESOURCES

ILLINOIS SMALL BUSINESS DEVELOPMENT CENTERS

http://www.ildceo.net/dceo/bureaus/entrepreneurship+and+small+business/sbdc.htm

 

BUSINESS STARTUP & MANAGEMENT PUBLICATIONS

http://www.ildceo.net/dceo/Bureaus/Entrepreneurship+and+Small+Business/Publications/Bus_Info_Center_Publications.htm


MINORITY BUSINESS DEVELOPMENT AGENCY (MBDA)
U.S. DEPARTMENT OF COMMERCE

http://www.mbda.gov/


STEP BY STEP BUSINESS
PLAN WORKBOOK

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FEASIBILITY CHECKLIST

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SBA.GOV
U.S. SMALL BUSINESS ADMINISTRATION

http://www.sba.gov/