City of Springfield, Illinois

James O. Langfelder - Mayor

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Cannabis Business Grant Application


Applications Open Until March 31, 2022 at 5:00 p.m.

This special grant program is made possible by a portion of the local cannabis sales tax. The City of Springfield is announcing a business assistance program through cannabis sales tax revenue. This is available for new and existing qualified businesses. The goal of the program is to promote business retention and expansion of Minority Owned Businesses.


These Minority Owned Businesses must either reside or relocate in the area bounded by Carpenter Street on the north, Ash Street on the south, Dirksen Parkway on the east, and 10th Street rail corridor on the west, and live within the City corporate limits.

Have a question about the program? Click here to view our Frequently Asked Questions (FAQ). We are also available to answer your questions over the phone at 217.789.2377 or email info.OPED@springfield.il.us.


ELIGIBLE IMPROVEMENTS

This grant program will provide up to $100,000 of assistance to certified Minority Owned Businesses with a 10% match requirement. Money awarded for the project is to be used for specific items including:

  • Equipment
  • Land acquisition
  • Inventory purchase
  • New construction or renovation
  • Labor costs with prevailing wage

INELIGIBLE BUSINESSES

The following business types are specifically ineligible for assistance under this grant program:
  • Home-based businesses
  • Nonprofit organizations/businesses. Exceptions may apply. Please call for details.
  • Private club or business that limits membership for reasons other than capacity
  • Businesses with at least 33% of its gross annual revenues from legal gambling activities unless the business is licensed by the City of Springfield to operate gaming terminals
  • A business in which a majority owner or member of the immediate family is an elected official or employee of the City of Springfield
  • An establishment similar to any enumerated above

ELIGIBILITY CRITERIA

To qualify for this grant, the resident must reside in the area bounded by Carpenter Street on the north, Ash Street on the south, Dirksen Parkway on the east and 10th Street rail corridor on the west, and live within the City corporate limits.

  • The business must be 51% minority owned.
  • The business must pay 10% of the entire project cost.
  • Taxes must be current and up-to-date.
  • No outstanding debt to the City of Springfield including parking tickets, CWLP bill payment, etc.
  • If approved for the grant program, every person listed on the deed of the business must sign off on the agreement.

NEXT STEPS

  1. Check on-line to see if your business is within the Cannabis Occupation Tax Area.
  2. Apply on-line below.
  3. After the cannabis business grant application is received, the City of Springfield’s Office of Planning & Economic Development will review the submission and contact you for additional information.

Please note: Funding is limited to the amount of cannabis sales tax revenue available. A 10-year claw back agreement will be executed to be exercised if the conditions of the program are not met. Grant will only be awarded once. All applicable Federal and State laws will apply as well as City of Springfield ordinances.

      Sign up period has ended.

The first round of funding has ended. Staff will be in touch with all that have submitted information. Please check back for future funding opportunities.