$250 MILLION
BACK TO BUSINESS (B2B)
GRANT PROGRAM
Portal Opens August 18
Today, the State of Illinois announced the $250 Million Back to Business (B2B) Grant Program, which aims to deploy small businesses recovery grants for those hit hardest by the COVID-19 pandemic.
The B2B grant program builds on the success of last year's Business Interruption Grant (BIG) program. $250 Million will be available to small businesses across the state that experienced losses in 2020 due to COVID-19, including the following set-asides:
- $100 Million: Businesses located in Disproportionately Impacted Areas (DIAs)
- $30 Million: Arts and Entertainment businesses that didn’t receive Shuttered Venue Operators Grants
- $25 Million: Restaurants and taverns that didn’t receive the Restaurant Revitalization Fund
- $25 Million: Hotels
- $25 Million: Businesses that didn’t receive a BIG Grant due to exhaustion of funds
Grants will range from $5,000 to $150,000 per business and can be used to cover a wide range of operations/staff/overhead costs (up to $250,000 for hotels). Businesses with revenues of $20 Million or less ($35 Million or less for hotels) in 2019 and a reduction in revenue in 2020 due to COVID-19 will be eligible. The Application Portal opens August 18, 2021. Please click on the flyer below for additional details.
If you'd like assistance understanding eligibility requirements and/or with applying for this or other financial programs available through the State of Illinois, please contact a "Community Navigator" in our region for FREE 1-on-1 technical assistance that's available in multiple languages.
Contact information for two of our region's Community Navigators is provided below:
Illinois Small Business Development Center
Edward Caceres
815-316-4301 / info.SBDC@RockfordChamber.com
Additional Languages Spoken: Spanish
CLICK HERE to learn about the SBDC
American Business Immigration Coalition
Ken Kimber
336-624-5017 / kkimber@americanbic.biz
Additional Languages Spoken: Mandarin, Cantonese, Korean, Tagalog, Vietnamese, Spanish & more
CLICK HERE to submit a request for assistance to ABIC
A complete list of our region's Community Navigators and additional resources available to help your business succeed are available online at www.parkschamber.com/business-resources
The mission of The Parks Chamber is to help businesses succeed with the right tools, connections, and resources.
Visit us online at ParksChamber.com
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The Parks Chamber of Commerce | 100 Heart Blvd. | Loves Park, IL 61111
