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Posted inCity News

Back to Business grant program

by Submitted August 23rd, 2021August 24th, 2021

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As part of Governor J.B. Pritzker’s economic recovery strategy, the $250 million Back to Business (B2B) grant program aims to deploy small businesses recovery grants for those hit hardest by the pandemic. 

Funding available:

  • $250 million 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). (See DIA Map below.)
    • $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

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