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/
The Launch of the Chamber Relief Grant Program!
SBAC INSIGHTS PAGE We’re thrilled to announce the official launch of the Chamber Relief Grant Program by the Illinois Department of Commerce and Economic Opportunity (DCEO). The program aims to provide vital support to chambers of commerce dedicated to uplifting small businesses and local communities. DCEO announced the launch of the chamber relief grant program, along with opening…
Phil Gafka – Insights & Blogs
Phil has been a mentor with us for a minute now and he’s always willing to help where there is need. Perhaps you joined us last summer when he hosted our first ever Lunch-and-Learn on leadership, a quality he demonstrated well then. Phil’s also a writer, and he frequently updates his website with blogs he’s…
Saul Ewing Employment Update
SBAC INSIGHTS PAGE January 2024Authored by: David G. Shapiro and Marielle C. MacMinnSBAC Partner, Saul Ewing, provides an update on dubious Employee Retention Credit (ERC) claims – “many of which were made at the urging of aggressive promoters. The IRS is offering a limited-time Voluntary Disclosure Program (VDP) to encourage taxpayers to come forward, allowing…