Small Business Redevelopment Assistance

At a glance

• What: A program to provide small business redevelopment assistance to business owners utilizing cannabis tax funds, up to $800,000, with a supplemental appropriation of $750,000 from the restricted cannabis fund balance (Ordinance 2026-422).
• Where it stands: Passed on both Committee of the Whole (September 29) and City Council (October 6) meetings.
• Next: Implementation by the Office of Planning and Economic Development.

Program details

• Funding source: cannabis tax revenues and restricted cannabis fund balance
• Total authorization: up to $800,000 in assistance
• Supplemental appropriation: $750,000 from existing cannabis fund balance
• Managing agency: Office of Planning and Economic Development

Committee discussion (September 29, 2026)

• Amy Rasing, OPED Director, presented the program.
• Ordinance 2026-422 was moved to consent after discussion.
• Aldermen Gregory and Rockford made and seconded the motion.
• Passed 10-0.

City Council passage (October 6, 2026)

• Passed 10-0 as part of consent agenda.
• Incorporated into consent agenda and placed on final passage.

Sources

• City Council minutes, October 6, 2026: https://cityclerk.springfield.il.us/Government/PDFHandler.ashx?itemType=MeetingAtt&itemID=7278
• Committee of the Whole minutes, September 29, 2026: https://cityclerk.springfield.il.us/Government/PDFHandler.ashx?itemType=MeetingAtt&itemID=7275

Log

2026-10-06 - City Council

Passed 10-0 on consent agenda.

2026-09-29 - Committee of the Whole

Moved to consent after discussion with OPED Director Amy Rasing. Passed 10-0.