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/
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…
R.I.S.E. Act – A Word from RISE Fest Performers
COVID19 has had a devastating impact on many gig workers and independent contractors. During our SBAC Rise Fest, we had a chance to speak candidly with our local performers on how they’ve been affected by the pandemic. They explain the loss in their community, in their work, and how their jobs have shifted. Their stories…
Recommendation for Legislation on Minority Contracting
Illinois has failed to ensure that Black owned businesses procure their fair share of government contracts and revenue from government projects. Loopholes must be closed and reforms be made now! Read the SBAC’s recommendations for legislation to reform the process. Read the Recommendations here
