As much as $40 million will go towards a grant program aimed at getting more people back to work.
The funding will help areas most impacted by the COVID-19 pandemic. It will also cover basic expenses that are barriers to job seekers.
Nearly $4.5 million will go towards career training grants for at-risk youth.
"This is yet another step in our efforts to deliver high-quality opportunities that put all of our young people on a path to a career with a heightened focus on those that have been historically left behind," Pritzker said.
Applications to receive the grants are now open.