Illinois Administrative Code › Title 14 - COMMERCE › Part 691 - BACK TO BUSINESS GRANT PROGRAM › Subpart B - STARTUP GRANTS PROGRAM AND REACTIVATING VACANT AND MAINSTREET PLACES GRANTS PROGRAM › Section 691.230 - Reactivating Vacant and Mainstreet Places (REVAMP) Grants Program Eligibility

Current through Register Vol. 48, No. 28, July 12, 2024
a) Program
				eligibility
A business applying for the REVAMP Program must be an
				  independently owned and operated for-profit corporation, a limited liability
				  corporation, a partnership, a non-profit organization or a sole proprietorship
				  authorized to conduct business and operating in the State of Illinois; or an
				  Illinois local unit of government. All ineligible businesses listed in Subpart
				  A (see Section 691.70(c) and
				  (d)) are also ineligible to apply under the
				  REVAMP Program, except for businesses that derive a majority of their income as
				  an owner of real property that leases that property to a tenant or tenants
				  under a lease agreement (see Section
				  691.70(c)(9)) ;
				  employment agencies (see Section
				  691.70(c)(15))
				  ; and government-owned business entities (see Section
				  691.70(c)(11)).
				  Businesses that operate COVID-19 testing sites or COVID-19 vaccine distribution
				  sites primarily, and businesses that previously received a Back to Business or
				  Business Interruption Grant, are ineligible to apply to the REVAMP Program. The
				  physical location of the establishment that benefits from the grant must be
				  currently occupied by the applicant business and have been previously vacant
				  without a tenant for 90 consecutive days ending on or after March 1, 2020. The
				  physical location of the establishment which benefits from the grant must be
				  located in a high traffic area. To be eligible, all non-governmental applicants
				  shall have earned less than $20 million in gross operating revenue for 2021. If
				  the business incorporated (or for businesses not required to incorporate, began
				  operating) starting January 1, 2021, or later, to be eligible, a pro-rated
				  amount of the applicant's earnings in 2021 must equate to less than $20 million
				  in gross operating revenue based on the number of days in operation when
				  extrapolated for a full year.
b) Program-specific expenditures
Under the REVAMP Program, expenditures must have been
				  incurred directly and paid for by an eligible business on or after March 13,
				  2020, up to the date of application submission, for the benefit of an
				  establishment meeting the description in subsection (a). The following
				  COVID-19-related expenditures are reimbursable:
1) Rent or mortgage payments made during
				temporary closures due to COVID-19 Prevention Directives;
2) Insurance payments made during temporary
				closures due to COVID-19 Prevention Directives;
3) Utility payments made during temporary
				closures due to COVID-19 Prevention Directives;
4) COVID-19 vaccination, testing, and contact
				tracing;
5) Renovations or
				investments to the facility that encouraged distancing, erected barriers,
				improved ventilation, or permitted the use of outdoor space to mitigate the
				spread of COVID-19;
6) Investment
				in technology that supported remote work or the delivery or pick-up of goods
				sold by the business;
7) Personal
				protective equipment;
8) Sanitation
				and deep cleaning; and
9)
				Commercial property rehabilitation, storefront improvements, and facade
				improvements for businesses operating within a Qualified Census
				Tract.