West Loop Community Organization issued the following announcement on Dec. 10.
The Department of Commerce and Economic Opportunity (DCEO) is reminding small businesses and communities that the application period for the Business Interruption Grant (BIG) program will close at 5pm on Tuesday, December 15. Resources and more info are available online.
The State of Illinois anticipates that it will award the remainder of the $270 million in funds through this program in the coming weeks. DCEO will continue to follow the funding priorities outlined under the program including reaching heavily impacted industries, businesses located in a disproportionately impacted areas (DIAs) and downstate communities, and small businesses with annual revenues of $5 million or less and/or businesses that have not received other forms of emergency assistance like PPP.
BIG was created by Governor Pritzker and the General Assembly in response to the unprecedented burdens COVID-19 has placed on small businesses around the state. BIG grants, leveraging federal CARES Act dollars, provide grants tailored to business losses, with amounts ranging between $5,000-$150,000. The average grant provided to date is $25,000. Grant funds may be used toward operational expenses, including PPE, rent and utilities, payroll, and more.
Original source can be found here.
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