The State of Illinois has launched the Illinois Back to Business New Business Grant Program (B2B NewBiz), a grant program that will provide financial relief to businesses in the industries most impacted by the pandemic. The state has allocated $25 million in grant funding to support businesses in hard-hit sectors that started operations between January 1, 2020, and December 31, 2021, but have not been eligible for other federal or state relief programs.
Applications for eligible for-profit businesses and nonprofit organizations are open from November 30 through January 11, 2024.
Eligible businesses must have achieved a total revenue of $25,000 to $20 million in 2021 and commenced operations between January 1, 2020, and December 31, 2021. Additionally, businesses that have not been eligible for other federal or state relief programs are eligible to apply.
The Cook County Small Business Source serves as a Hub for the Illinois Community Navigator program. As a Hub, the county coordinates 10 partner organizations, known as “Spokes,” to offer application assistance and events, as well as provide direct support to small businesses interested in applying to the Illinois B2B NewBiz grant program.
For information related to application assistance events offered by our network of Spokes, visit our events page.
Need assistance with your Illinois B2B NewBiz application? Sign-up to receive application help from our network of Spokes.