Illinois DCEO announces technical assistance programs to support social equity applicants

Illinois DCEO announces technical assistance programs to support social equity applicants

The Illinois Department of Commerce and Economic Opportunity (DCEO) announced technical assistance programs to help social equity applicants. The effort is made to pave the way for the applicants seeking entrance to the cannabis industry. Three partner organizations of the DCEO will get funds from the department to provide technical assistance.

These organizations will provide assistance to the business by coaching and mentoring them related to business planning, financing, and best practices in the cannabis industry. These three selected organizations include Teague International Corporation, Chicago NORML, and Oakton Community College.

The department has introduced a new application to facilitate the social equity applicants in terms of getting dispensary, infuser, craft grower, and transporter licenses. These licenses are necessary for getting low-interest loans from financial organizations to support the startups and ongoing cannabis businesses.

Toi Hutchinson, the senior advisor to Gov. Pritzker for cannabis control, said, “The Pritzker administration is committed to ensuring this new cannabis industry is fair and equitable.” Hutchinson showed her commitment towards providing new opportunities to the communities that were hit badly by the failed War on Drugs in the past. The steps of providing technical assistance and low-interest loans are perfect examples in this regard.

The applicants who are looking to get infuser, transportation, and craft grower licenses will be assisted through these technical assistance programs. The government will give $500000 to three organizations that will provide technical assistance. March 16, 2020, is the due date for the applications and the assistance will be provided before this date. Erin Guthrie, the director of the DCEO, said, “DCEO is providing specialized assistance to social equity applicants so they will be able to fully reap the benefits of legalized cannabis.”

Staff writer for the Chicago Morning Star

Related Posts
District Judge sentences former university high school teacher to 10 years for child pornography
Douglas O. Mynatt, a former Urbana’s University High School teacher, has been sentenced by US
Naperville offers IMUA Scholarship competition to high school seniors
The high school seniors are encouraged to apply for the IMUA Scholarship competition. The City
Amazing opportunity for Artists
A second gateway mural will be funded by the Aurora Downtown’s Streetscape committee. The mural
“Pump and Dump” Stock Fraud Scheme Indictment
A federal grand jury in Chicago has indicted a former executive of a Silicon Valley
Disability Culture Leadership Initiative Launched
Chicago-based nonprofit grant-making organization 3Arts has announced today the launch of the Disability Culture Leadership
Three Players Added to Chicago Steel Roster
The Chicago Steel has added enforcements within their team as they announced the addition of
2021 will see Summer Outdoor Concerts?
Naperville Park District is planning for the summer events. The most anticipated events will be
Child Pornography Charges for Rockford Man
A federal grand jury has indicted a Rockford man on Tuesday on charges of producing
Elk Grove Village man sentenced to 16 years in prison for attempted murder
Cameron Ruebusch, a 25-year-old Elk Grove Village man, has been sentenced to 16 years in
Colliers International reports booming industrial construction in Chicagoland despite pandemic
Colliers International recently released a market report about the industrial construction in Chicagoland. The report