ROCKFORD – The Back 2 Business program has awarded more than $3.4 million in funding to several local businesses in Rockford thanks to advocacy from State Senator Steve Stadelman (D-Rockford).
“Businesses need our support, and this grant money will continue the efforts into helping businesses make a full recovery and get back on their feet,” Stadelman said. “The assistance from the Back 2 Business program has provided meaningful help and funds that keep our communities afloat and I am happy to see Rockford businesses receiving this assistance.”
The B2B grants are awarded by the Illinois Department of Commerce and Economic Opportunity using funds allocated to them by the American Rescue Plan through last year’s state budget.
So far – thanks to strong support from Senator Stadelman – DCEO has provided $200 million in B2B grants to small businesses throughout the state with an emphasis on disproportionately impacted areas. With nearly $50 million left to go, more businesses will have the opportunity to get a share of the relief funds.
“This money means more businesses are able to pay employees, keep their doors open, and continue operation,” Stadelman said. “We are continuing to support local businesses and I am happy to see Rockford businesses receive this support.”
Grants will continue to be awarded on a rolling basis. Visit the DCEO website for more information on the B2B program or check the status of an existing application by logging into the portal.
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