Application window now open for new small business grant program

Beginning Wednesday, Aug. 18, Illinois small business owners can apply for COVID-19 recovery assistance through the new Back to Business (B2B) grant program. The grants are funded by the federal American Rescue Plan Act (ARPA).

The new $250 million rolling grant program builds on last year’s Business Interruption Grant (BIG) program. Within the new program, $100 million is earmarked for businesses in areas disproportionately affected by the pandemic, $30 million for entertainment and art businesses, $25 million for restaurants and taverns that did not receive grants through the Restaurant Revitalization Fund, $25 million for hotels, and $25 million for small businesses that did not receive funds through the BIG program.

To be considered for a grant between $5,000 and $150,000, applicants must demonstrate they had a reduction in revenue in 2020 when compared with 2019, and annual revenues of no more than $20 million in 2019. Hotels with $35 million or less in 2019 revenues are also eligible.  As part of the application, businesses must also provide two bank statements, a business owner ID, and federal tax returns for 2019 and 2020.

For more information and assistance in applying for grants through this program, please find a location near you below:

IL DCEO Regional Economic Development – Northwest Region   

Adrian Madunic  
Counties: Jo Daviess, Carroll, Whiteside, Lee, LaSalle, Bureau, Henry, Rock Island, Mercer, Putnam 

SBDC at WIU - Quad Cities
Ann Friederichs 
309-762-3999 x 62243
Counties: Jo Daviess, Carroll, Whiteside, Henry, Rock Island, Mercer

SBDC at Sauk Valley Community College
Kim Ewoldsen   
Counties: Whiteside, Lee, Carroll, Ogle, Bureau, Henry, Stephenson

Silvis Main Street
Amanda Sherwood        
ALL: Women, Veterans Rural Rock Island & Silvis 

Mercado on Fifth  
Annamaria Rocha          
ALL: LatinX/Hispanic, Immigrants, & Rock Island County  
English and Spanish Translation Available

Main Street of Sterling, Inc.
Janna Groharing            
ALL: Women, Rural Whiteside, Downtown Business District of Sterling 

Blackhawk Hills Regional Council
Daniel Payette   
Counties: Carroll, Jo Daviess, Lee, Ogle, Stephenson, Whiteside
Neil Anderson

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