Application portal opens August 18, 2021 for $250M in Back to Business (B2B) Grants for small businesses negatively impacted by COVID-19.
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 Community Foundation of Kankakee River Valley has announced the acceptance of applications for grants from the Robert K. Dunn Perpetual Charitable Trust Fund. The donor-advised fund was established by the trustees of Mr. Dunn’s estate in 2016. The trustees will advise the Community Foundation Board of Directors to grant up to $33,000 to one or multiple organizations that provide direct services to youth in the Greater Kankakee River Valley Area.
To support small employers through the COVID-19 national health emergency, the Illinois Department of Commerce & Economic Opportunity (DCEO) has announced the availability of new U.S. Department of Labor WIOA grant funding for layoff aversion, planning and rapid response.
The U.S. Small Business Administration’s new programs to help businesses stabilize during the COVID-19 pandemic have brought a number of new issues, questions and frustrations to business owners around the country. The programs were being revised almost hourly prior to their recent launch. We break down some of the frequently asked questions about the Payroll Protection Program (PPP) here.
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, self-employed and independent contractors, franchise owners, as well as certain non- profits and other employers.
To help hospitality businesses make ends meet in the midst of the COVID-19 pandemic, the Illinois Department of Commerce has launched the Hospitality Emergency Grant Program with $14 million drawn from funds originally budgeted for job training, tourism promotion, and other purposes. Grant funds are available to support working capital like payroll and rent, as well as job training, retraining, and technology to support shifts in operations, like increased pick-up and delivery. Deadline to apply is April 1.