Grant applications are open for businesses that launched during the pandemic. Up to $30,000 available through the B2B NewBiz program.
The Economic Alliance works diligently to report in a timely manner on things like local business expansion, new business development, new and enhanced development incentives, economic news and other items of interest to our community investors and investor prospects.
The Back to Business program’s new round of grants has $175 million available to provide to qualifying restaurants, hotels, and creative arts organizations. All applicants will receive a grant as long as they meet eligibility requirements and submit proper documentation and attestations required by the program.
The Back to Business (B2B) grant program provides recovery grants for businesses in the hardest-hit industries. Through the state’s B2B and Business Interruption Grant (BIG) Programs, DCEO has provided more than $535 million to more than 15,000 businesses since the start of the pandemic.
$175 million in available grant funding through the Back to Business (B2B) program. Following state recovery for businesses totaling nearly $1.5 billion, the latest American Rescue Plan Act (ARPA) -funded opportunity is designed to provide additional support for the hardest-hit sectors, including restaurants (B2B Restaurants), hotels (B2B Hotels), and businesses or organizations in the creative arts sector (B2B Arts). To provide hands-on support and raise awareness about the program, the State has mobilized a network of more than 100 community navigators across Illinois.
Application portal opens August 18, 2021 for $250M in Back to Business (B2B) Grants for small businesses negatively impacted by COVID-19.