peoria DCEO 011222

PEORIA – The City of Peoria is set to receive $1.2 million in grants to revitalize a commercial corridor on Western Avenue and boost economic development in the community, State Senator Dave Koehler (D-Peoria) announced.

“Many of our small businesses are still struggling to get back on their feet after the challenges of the last two years,” Koehler said. “By bringing investment and improvement to our commercial corridors, we are laying a foundation for our businesses as they first recover and then continue to grow.”

The funding comes through the Illinois Department of Commerce and Economic Opportunity’s Rebuild Distressed Communities program. The program is designed to help impacted small businesses repair damages and rebuild or expand, and to deliver long-term improvements along commercial corridors where businesses experienced damages during civil unrest.

These corridor improvements will repair and refresh the surrounding area while increasing economic opportunities for impacted businesses. The projects were evaluated based on project need, capacity, quality, and societal impact.

“When our local businesses thrive, our community thrives,” Koehler said. “This funding will help bring energy and life back to the parts of our city that are hurting most.”

The final round of Rebuild Distressed Communities program provides $976,000 to 26 small businesses and $7.45 million to help revitalize seven commercial corridors located across the state. A full list of grantees is available online.

More information on assistance available for small businesses and ongoing capital programs can be found on DCEO’s website.