CHICAGO (CBS) — There’s new life for Illinois small businesses struggling in the pandemic.
On Thursday, Governor JB Pritzker announced the first round of the Back to Business recovery grants. He explained there’s $250 million available statewide.READ MORE: Chicago Weather: Heavy Rain, Possible Flood Watch
“The first wave of B to B funds will help over 500 of our state’s entrepreneurs rehire staff and cover operating costs without owing a single cent back,” Pritzker said. “The vast majority of awardees, 80% of them, applied for and didn’t receive business interruption grants last year. With new resources available this year, we’re able to provide even wider support.”READ MORE: Man Dies After Being Shot In West Garfield Park
Grants range from $5,000 to $150,000 for most businesses. The money can be used to cover a wide range of issues, including staffing and overhead costs.
“These grants will be the bridge to economic stability for many of these wonderful businesses that are the backbone of our state’s economy and provide jobs and a positive presence in so many communities,” said Lt. Governor Juliana Stratton.MORE NEWS: 15-Year-Old Critically Wounded, Among 2 Shot In Belmont Heights Online Sale Meetup
We’re excited to announce the first $24M in Back to Business grants – just the beginning of our $250M program to help small business owners across the state.
This first wave of B2B funds will help 500+ of our state’s entrepreneurs cover operating costs without owing a cent back. https://t.co/mFERhLjWMf
— Governor JB Pritzker (@GovPritzker) September 30, 2021