HIGHWOOD – State Senator Julie Morrison (D-Lake Forest) is encouraging local businesses struggling from pandemic losses to apply for the latest round of the Back to Business grant program before the Oct. 13 deadline.
Overall, the B2B program will provide $250 million in American Rescue Plan dollars for small businesses negatively affected by the pandemic. Grants will range from $5,000 to $150,000 per business and can be used to cover a wide range of operations, such as staff and overhead costs.
“Small business owners in Lake and Cook County and throughout the state experienced unforeseen financial difficulties that will be challenging to bounce back from without help,” Morrison said. “While reopening has been beneficial to many businesses, they are still constantly facing financial obligations to keep their stores clean and employees protected.”
Priority is given to businesses in hard-hit industries, in hard-hit areas, and with revenues less than $5 million, as well as businesses that have not yet received any government assistance.
More than a dozen businesses in the district Morrison represents have already received $860,000 in grants. They include restaurants, theatres and salons demonstrating the diversity of the local small business community and how many different kinds of businesses are eligible for grants.
“Small businesses are a part of our communities. They invest in our economy, employ our friends and neighbors and support local events,” Morrison said. “Helping them keep their doors open is a top priority.”
Learn more about the B2B grant program and start an application on the Department of Commerce and Economic Opportunity website .The deadline to submit an application is Oct. 13.