Business Grants

Business Development & Opening Grants ($1,000-$3,000)

Business Grants are awarded to encourage entrepreneurship, investment, and business success in Urbana for new, expanding, and transitioning businesses. The grant programs may be utilized on the same project. Priority uses are eligible to receive a $2,000 Development Grant and $1,000 Opening Grant. Other eligible uses are eligible for a $1,000 development grant. Grants are contingent on the availability of funding. Businesses must be located within a TIF District or in the Philo Rd Business District and meet the eligibility requirements.

Eligibilty Requirements and Area Map

If you have any questions, please contact the Economic Development Division at (217) 384-2444

To receive a Development Grant:

• Complete the Business Development Grant Application

• Complete Business Counseling

• Provide a 12 month lease or proof of ownership

• Provide a W9

• Please see the Business Development Grant Application for additional requirements

To receive an Opening Grant:

• Complete the Business Opening Grant Application

• Complete a Ribbon Cutting

• Provide a 12 month lease or proof of ownership

• Provide a W9

• Please see the Business Opening Grant Application for additional requirements