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The RISE Grant Program

RISE Small Business Package

The RISE Grant Program

A year and a half removed from the pandemic, small businesses across Illinois still are facing hardship on a myriad of fronts. From learning to operate in the fluid post-pandemic environment of evolving health mandates, and learning how to best serve an undiscovered niche of customers, one thing is abundantly clear - small businesses of all kinds are struggling to fill their staffs of employees.

To address the common problems many Illinois small business owners face, the SBAC and its group of stakeholders have crafted the SBAC Small Business Package. Included in the package is the Recovery Initiative to Support Employment (RISE) grant program.

Small businesses in the technology, healthcare, and manufacturing spaces, as well as other breakout small businesses may be in the position to train and hire pandemic unemployed individuals. The proposed RISE grant program seeks to support the small businesses who attempt to locate, train, and develop employees to work in their growing small business.

The Proposal

The grant program will be structured in the following manner:

  • The grant program is for small businesses with 50 or less employees
  • The grants are for a total of $5000
  • The grants are for every net new job a business creates
  • The total amount of funding for the program is to be determined in coordination with legislators

Swift Action Required

The RISE grant program is included in the SBAC Small Business Package. This package is being worked through both chambers of the Illinois General Assembly for either the upcoming veto session or the first session of 2022.

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