Senator Christopher Belt, Representative LaToya Greenwood, Representative Jay Hoffman, and the Office of Regional Economic Development will host the next Business Interruption Grant webinar on Monday, November 9 at 2 pm.
Register for this webinar at:
Applications for the second round of funding can be found here. A total of $220 million will be made available for small businesses of all types in Illinois. Grants will be awarded and funded on a rolling basis until funding is depleted. The grant size will be equivalent to two months of expenses.
Link to Frequently Asked Questions:
The BIG program is open to all eligible businesses (for-profit and nonprofit) with $20 million or less in annual revenue in 2019 and experienced losses due to COVID-19. Of the total funding, $70 million will be invested in Disproportionately Impacted Areas (DIAs) and $60 million in heavily impacted industries. A map of the DIAs and the eligibility guidelines can be found on our website. The heavily impacted industries are defined as having annual revenues of $10 million or less and have been close or operating at a very diminished capacity since mid-March and are likely to continue to do so until Phase 5 of the Restore Illinois Plan.