Grant Name: Technology Industry Grant
Donor: City of Peoria, Illinois
Type: Grant
Deadline: Ongoing
Grant Size: $10,000 - $25,000
Description: The Technology Industry Grant offers funding to technology-related businesses looking to establish or expand within the city of Peoria. Eligible industries include Agricultural Technology (AgTech), Biological Medical Technology (BioTech), Medical Technology (MedTech), and other technological advancements. Applicants should demonstrate established seed funding, a proof of function prototype, and a plan for further product development. The program aims to attract technology businesses, stimulate public and private investment, introduce new technology to the area, and support commercial space activity in business districts. Priority locations for funding include the Medical District, Central Business District, and West Main Street within the city boundaries. Eligible uses of the grant include lease or mortgage assistance, operational expense support, and other business costs related to the newly opened location. Small businesses with 50 or fewer full-time equivalent employees are eligible to apply if they meet all criteria outlined by the City of Peoria. For more information and application details, visit City of Peoria website.