Illinois small businesses to recieve aid

Illinois small businesses to recieve aid

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Gov. JB Pritzker on Wednesday announces a $250 million "Back to Business" grant program, funded through federal relief programs that will launch next week.

The state announced a $250 million “Back to Business” grant program aimed at assisting small businesses in the recovery from the ongoing COVID-19 pandemic and associated economic shutdowns.

The program is funded by the federal American Rescue Plan Act signed by President Joe Biden, and it includes specific set-aside amounts for certain uses. Those include $100 million for businesses in areas disproportionately impacted by the pandemic; $30 million for arts and entertainment businesses that haven’t received previous aid; $25 million for restaurants and taverns that didn’t receive money from the Restaurant Revitalization Fund; $25 million for hotels; and another $25 million for businesses that didn’t receive Business Interruption Grant funding.

The Business Interruption Grant program was funded through previous rounds of federal aid, distributing $580 million to businesses and day cares. Gov. JB Pritzker said those grants helped more than 9,000 small businesses in 600 communities.

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