Elmhurst Chamber Of Commerce: Back To Business Grants To Provide $250M In State Assistance
Illinois Governor J.B. Pritzker and the Illinois Department of Commerce and Economic Opportunity (IDCEO) on August 11 announced the $250 million Back to Business (B2B) grant program to support the continued recovery of small businesses across Illinois.
IDCEO and community navigators will immediately begin working to provide businesses with information on required steps to apply, allowing them time to prepare before the application formally opens on Wednesday, August 18.
The B2B grant program builds on the success of last year’s two-phased Business Interruption Grant (BIG) program—an equity-focused business relief program, which directed $290 million to 9,000 businesses in 98 communities across Illinois.
B2B is a key component of the Governor’s $1.5 billion economic recovery plan, aimed toward a swift and equitable deployment of American Recovery Plan Act (ARPA) funds that have been designated for Illinois to assist in recovery from the COVID pandemic.
To assist small businesses with the B2B application process and other upcoming or ongoing economic recovery grant programs offered at the state or federal level, IDCEO has invested $9 million in support of Community Navigator organizations working in every region of the state. These organizations will provide technical assistance to businesses, with a focus on underserved businesses including minority, rural, veteran and women-owned businesses.