Small companies and nonprofits in Chicago may gain advantage from new grants that assist finance local weather change efforts and advances the town’s change to a greener financial system.
Particular person grants of roughly $50,000 to $250,000 can be found by way of the Metropolis of Chicago Local weather Infrastructure Fund.
The $5 million fund can be utilized for a number of functions. They embrace supporting capital investments in power effectivity initiatives, shopping for electrical automobiles, and organising EV charging stations.
The funding will also be used to help proposals that assist management stormwater administration techniques and diminish onsite flooding. Test right here for extra data and particulars on what classes grant purposes have to be submitted underneath.
Primarily based on a information launch, the plan establishes a aim to trim emissions by 62% by 2040 by way of interconnected local weather methods designed to raised serve all Chicago communities, notably Black and brown ones. It goals to help working-class communities who disproportionately expertise the power stress and impacts of the altering local weather. Final yr, the town dedicated $188 million, which included funding in environmental packages.
Chicago Mayor Lori Lightfoot acknowledged amongst her feedback, “The Local weather Infrastructure Fund is additional strengthening this basis by supporting organizations and small companies as they tackle management roles as contributors and beneficiaries within the inexperienced financial system.”
The $5 million Local weather Infrastructure Fund additionally is supposed to assist the town meet targets inside the 2022 Local weather Motion Plan.
The Division of Planning and Growth’s Chicago Restoration Plan Initiative is partnering within the effort.
There are a lot of eligibility components for grant candidates. As an illustration, they “could also be Chicago non-profit organizations and small companies, with precedence given to initiatives positioned in environmental justice communities.” Most well-liked initiatives will present the capability to make in 2023.”
See extra particulars right here.
Functions will probably be scored on standards tied to local weather mitigation and resilience components, fairness influence, and challenge readiness.
Test right here for extra particulars on what classes grant purposes have to be submitted underneath.
Functions have to be submitted right here by Feb. 24, 2023.
