Section 340.50  Application

a)         Application Process

Instructions for submitting a grant application, including format, a blank application, and due date, will be published on the grant administrator's website.

b)         Applicants shall provide the following information about the proposed project, and any other information required in the application:

1)         Names of businesses involved in the project.

2)         Names of businesses owners.

3)         Addresses of business owners.

4)         Occupations of business owners.

5)         Identification of which business and/or owner is the primary contact for and owner of the project, if multiple entities are working together.

6)         Relevant credit and financial information (including, but not limited to, assets and liabilities). [505 ILCS 92/20(c)]

7)         Length of time business has been in operation.

8)         Length of time project has been in existence.

9)         Whether the applicant has received government-funding for any part of this project already, and if they have, the following information about the funding:

A)        When it was received.

B)        The dollar amount of funding received.

C)        What part of the project received this funding.

D)        Whether the funds were disbursed as a grant or a loan.

E)        The agency disbursing the funds.

10)       Whether the applicant has applied for other government-funding for this project that is pending at the time of their application for this grant, and if they have, the following information about that application:

A)        When the application was submitted.

B)        The dollar amount of funding requested by the applicant.

C)        What part of the project the funds were intended to support.

D)        The agency disbursing the funds.

11)       Whether the applicant believes their project meets the definition of "high need" as defined in these rules.

12)       A proposed budget for the project, outlining anticipated or estimated costs of supplies or equipment for the project. If matching funds will be utilized, the budget should also include the matching funds and the source of the matching funds.

13)       A notarized statement that the application is complete and accurate to the best of the applicant's knowledge.

14)       Other information deemed necessary by the grant administrator for review of the grant application.

15)       For collaborative projects, the applicant must also provide the following:

A)        A description of the relationship between the entities involved.

B)        Information identifying how long the entities have worked together.

C)        A summary of any prior projects the entities have collaborated on and the projects' outcomes.

c)         Potential Changes to Application

Between submission of the application and receipt of a determination from the grant administrator, applicants have a duty to promptly disclose, in writing, to the grant administrator, any material changes related to the proposal or project or financial information provided in their application.