Back to Business (B2B)
The Back to Business (B2B) grant program is a key component of Governor JB Pritzker’s $1.5 billion economic package designed to maximize the impact of American Rescue Plan Act funds provided to Illinois. It sets forth $250 Million for businesses that have experienced losses due to the COVID-19 pandemic to support them in their recovery.
Here’s What You Need to Know
- $5,000-$150,000 grants to cover operations/staff/overhead costs
- Must have revenues of $20 million or less in 2019 and a reduction in revenue in 2020 due to COVID-19
Here’s What You Need to Know : Priority given for these businesses applying
- Hardest hit industries – such as hotels, salons, fitness centers, restaurants, and more.
- Disproportionately Impacted Areas (DIAs) – economically distressed communities which have had higher case counts of COVID-19.
- DispropoBusinesses who have yet to qualify for state or federal assistance, including the Paycheck Protection Program (PPP), Restaurant Revitalization Fund (RRF), BIG, and more.rtionately Impacted Areas (DIAs) – economically distressed communities which have had higher case counts of COVID-19.
Application is fast and easy!
- New interface designed to help small business owners track and learn updates on their application status in real-time
- B2B application portal at www.illinois.gov/dceo
What You need:
- A copy of your business’s 2019 AND 2020 Federal tax returns
- Two business bank statements – one from the period March through December 2020, and your most recent statement
- Business owner ID (ITIN accepted)
Applications Will Be Accepted Through October 11, 2021.
Need application assistance?
ChicagoMSDC is proud to be a Cook County Business Support Organization in the Back 2 Business Grant Program. For more information, please contact us at Programs@ChicagoMSDC.org or 312-755-8880.