DCEO-RISE GRANT PROGRAM

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Requires the Department of Commerce and Economic Opportunity to establish the Recovery Initiative to Support Employment (RISE) Grant Program. Provides that the Department shall allocate $250,000,000, from funds appropriated under the American Rescue Plan Act, as grants to businesses for the purpose of aiding in the employment of persons unemployed as a result of the COVID-19 public health emergency. Provides that eligible businesses shall receive grants in the amount of $5,000. Provides eligibility requirements for businesses seeking grants. Provides that a business shall be eligible for one grant and may be eligible for a second grant. Provides for the adoption of rules. Defines terms.