CEC's Cluster Acceleration Program Announced on ABC News
The Chicagoland Entrepreneurial Center (CEC) recently secured a two-year, $716,853 matching grant from the US Department of Commerce, Economic Development Administration (EDA). The EDA funds were awarded under the American Recovery and Reinvestment Act of 2009 to launch a $1.4 million entrepreneurial development program that provides critical resources and relationships to businesses in key Illinois industry clusters. Known as the Cluster Acceleration Program, or CAP, the program will support entrepreneurs in alternative energy, consumer products and services, and information technology for the new media, financial services and healthcare markets. The program will serve businesses in five regions: Chicagoland, Rockford, Quad Cities, Peoria and Carbondale.