State Urges Small Businesses to Apply for $226 Million in Remaining Funds Before October 13 Deadline
To help offset COVID-19 losses for the hardest hit small businesses and communities, today Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) announced the first wave of grants made through the Back to Business (B2B) recovery program. To date, 521 grants totaling more than $24 million have been provided to small businesses in 39 counties and 146 cities across the state. The first wave of funds provided through this program will support a wide diversity of businesses representing multiple industries, geographies, and with more than half of the grants provided to minority-owned businesses in Illinois.
The B2B program allocates $250 million in American Rescue Plan Act (ARPA) dollars for small businesses experiencing COVID-19 losses, and businesses who have yet to receive funds are still encouraged to apply. For more information on the B2B program, or for assistance with the application, please visit DCEO’s website.