Apply for the Cook County Small Business Source Grow Grant Program!
The SBAC advocates for the small business community in numerous ways, including by disseminating important information about programs that will support small businesses. The Cook County Small Business Source Grow Grant program will provide grants to certain small businesses still struggling to recover from the pandemic.
This $25.5 million program will give $10,000 grants, as well as advising and coaching sessions, to eligible small businesses in Cook County.
Small Businesses looking to apply must meet the following criteria:
- Be located in Cook County, Illinois
- Have less than 20 employees
- Have operated and conducted business before March 2020
- Have experienced a decrease in revenue or gross receipts, increased costs, or greater financial insecurity due to COVID
Priority will be given to the following groups of small businesses
- Microbusinesses with under 10 employees
- Businesses located in suburban Cook County
- Businesses in the hardest hit sectors: Accommodation, Hospitality, & Food, Arts & Entertainment, Childcare & Social Assistance, Retail Trade, and Transportation & Warehousing.
- Historically excluded businesses: those owned by Black-, Latino(a)-, other people of color-, Women-, LGBQT+, Veterans-, and Persons with a Disability
Applications for the Cook County Small Business Source Grow Grant are open until October 31.
Find out more information at the Cook County website: https://cookcountysmallbiz.org/growgrant/
Support Small Business and Prevent Foreclosures
The COVID-19 pandemic continues to have a devastating impact on the small business community. Many small businesses are struggling to pay their employees and rent. Commercial property owners cannot pay their mortgage when their small business tenants cannot pay rent. Without swift action, small businesses will fail and foreclosures will skyrocket. Federal Legislation Needed The…
SBAC’s Elliot Richardson on WGN Radio
SBAC’s Elliot Richardson talks with Anna Davlantes on WGN Radio about the impact the pandemic has had on the small business community. There has never been a more important time to stand with small business than right now! Listen to the whole 8-minute interview here: Listen to the Interview Here
Restart Act
THE RESTART ACT The RESTART Act provides a new loan program to fund six (6) months of payroll and fixed operating expenses. Some, or the entirety of the loan, is eligible for forgiveness. The amount that is not forgiven is to be repaid over seven years with favorable interest rates. The loan is 100% guaranteed…
