Governor Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) announced the $250 million Back to Business (B2B) grant program to support the continued recovery of small businesses across Illinois. The first in a series of economic recovery programs set to launch by the administration, B2B will offer small businesses access to funds that can help offset losses due to COVID-19, bring back workers, and take continued steps to rebuild amid the fallout from the pandemic. The program builds on last year’s Business Interruption Grant program, which provided $580 million to small businesses and childcare providers across the state.
- $250 million to small businesses across the state that experienced losses in 2020 due to COVID-19;
- 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.
The Back to Business application portal is now open.
- Applications can be tracked in real-time
- Allies for Community Business (A4CB), DCEO’s grant administrator, will begin accepting applications on Wednesday, August 18, 2021
- Business owner ID (ITIN business owners eligible)
- Business 2019 AND 2020 Federal tax returns
- Two (2) business bank statements – one from the period April through December 2020, and most recent statement.
- Prepare for the application process early by learning about the information and documents required
- List of Frequently Asked Questions
You can learn more about the available funding and eligibility requirements here.
The program also has set-asides and priorities for certain hard-hit business types like restaurants and hotels, smaller businesses (under $5 million in revenue), businesses in low-income census tracts, and businesses who were not helped by other programs like Paycheck Protection Program and Business Interruption Grant.
The state’s application portal is open to accept submissions starting on Wednesday, August 18. The last day for applications will be October 11.