Small companies and nonprofits in Chicago may benefit 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 via the  Metropolis of Chicago Local weather Infrastructure Fund.

The $5 million fund can be utilized for a number of functions. They embody supporting capital investments in vitality effectivity tasks, shopping for electrical autos, and establishing EV charging stations.

The funding can be used to help proposals that assist management stormwater administration methods and diminish onsite flooding. Verify right here for extra info and particulars on what classes grant purposes should be submitted below.

Based mostly on a information launch, the plan establishes a purpose to trim emissions by 62% by 2040 via interconnected local weather methods designed to higher serve all Chicago communities, significantly Black and brown ones. It goals to help working-class communities who disproportionately expertise the persistent stress and impacts of the altering local weather. Final 12 months, the town dedicated $188 million, which included funding in environmental applications.

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 individuals 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 lots of eligibility components for grant candidates. As an illustration, they “could also be Chicago non-profit organizations and small companies, with precedence given to tasks situated in environmental justice communities.” Most popular tasks will present the capability to make in 2023.”

See extra particulars right here. 

Functions shall be scored on standards tied to local weather mitigation and resilience components, fairness impression, and venture readiness.

Verify right here for extra particulars on what classes grant purposes should be submitted below.

Functions should be submitted right here by Feb. 24, 2023.