B2B Grants Available!The program design is based on legislation establishing the Restaurant Employment and Stabilization Grant Program ($50 million), Hotel Jobs Recovery Grant Program ($75 million) and the Illinois Creative Recovery Grant program ($50 million). The funding is designed to offset losses and support job retention in the hardest-hit industries. DCEO has enlisted a robust network of more than 100 community navigators to conduct outreach and provide technical assistance in the hardest hit communities. Community Navigators will be conducting outreach, hosting webinars, and supporting prospective applicants to prepare before the application opens on April 5, 2023. This is in addition to available small business support available through Illinois’ network of Small Business Development Centers (SBDCs). In order to manage a high volume of applications in a timely manner, DCEO has enlisted a program administrator – the National Community Reinvestment Coalition Community Development Fund (NCRC CDF) – to support with application review, provide technical portal support for applicants, manage the development of the application portal and provide support in processing payments. Eligibility, Application, and Awards The B2B Restaurants (20 ILCS 605/605-1100), B2B Hotels (20 ILCS 605/605-1095) and B2B Arts (30 ILCS 709/40) programs were designed in accordance with state statute, which specified industries, buckets of funding, spending guidelines and more. A summary of the programs are included below: In addition to webinars and outreach hosted by community navigators, DCEO will be hosting statewide information kick-off sessions on the dates below:
Statewide DCEO English-Language Webinars
Since the onset of the pandemic, DCEO has allocated nearly $1.5 billion in pandemic-related support for businesses, including $536 million through B2B & BIG, $899 million in Child Care Restoration Grants (administered in partnership with DHS), $18.5 million in local CURE funding specifically allocated to businesses, $14 million in Emergency Hospitality Grants, and $3.5 million | |||||||||||||||||||||||||
Single Column- Chamber Newsletter - copy of March 31, 2023 |