MAYWOOD – In an effort to provide support to small business owners facing economic hardship as a result of the COVID-19 crisis, Senate Majority Leader Kimberly A. Lightford (D-Maywood) announced local businesses will receive a combined $870,000 through the Business Interruption Grant (BIG) program.
“I fought for and helped craft this effort to ensure that areas that have been disproportionately impacted by the COVID-19 pandemic are able to receive support to keep their small businesses open,” said Lightford. “Almost $900,000 is going directly to businesses in my district, and I am thankful that those owners are finally seeing some relief.”
The Illinois Department of Commerce and Economic Opportunity awarded a total of $46 million to 2,655 small businesses in the first round of BIG funding. The BIG program offers grants to Illinois restaurants and bars, barbershops and salons, and fitness centers that have suffered pandemic-related losses, with a focus on businesses in the hardest-hit areas of the state.
First round grants range from $10,000 to $20,000 and may be used to help businesses with working capital expenses, including payroll costs, rent and utilities. The funds may also be used to cover pandemic-related expenses, such as PPE, training and new technology.
To ensure ongoing support for Illinois small businesses, the State of Illinois has planned future rounds of funding, including a special program for child care providers. The application deadline for this program is Aug. 14.
The BIG program is the largest state-run economic support program formed in response to the COVID-19 economic downturn. The full list of grant recipients is available here.