Illinois State Senate District 34 issued the following announcement on Aug. 14.
State Senator Steve Stadelman (D-Rockford) is highlighting small business grants the Illinois Department of Commerce and Economic Opportunity is awarding to Rockford businesses and other small business communities across the state that have been hit the hardest by COVID-19-related losses and closures.
“Small businesses are the lifeblood of my community and of our state,” Stadelman said. “They need this grant money to survive, and I’m proud that we are doing everything possible at the state level to help our small business community stay afloat.”
The grants are the first round of the Business Interruption Grant (BIG) program. The state program will award funds to businesses that have been hit hardest by the COVID-19 pandemic, with a large portion of the grants being awarded to child care providers.
The first round of grants range from $10,000-$20,000 and can be used to help businesses with expenses like payroll costs, rent, utilities, equipment and other possible unexpected costs to relieve the effects of the pandemic, such as personal protective equipment, training, and new technology.
“This pandemic has hit smaller and minority owned businesses especially hard,” Stadelman said. “That’s why the program is ensuring that these businesses take priority when grants are being awarded.”
The first round of awards includes a diverse group of businesses and focuses on small businesses. Recipients are required to prove annual revenues of $3 million or lower.
Original source can be found here.
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